Unicredit seeks to buy back Eur4.24 billion to lessen debt in the next five years. Unicredit has purchased senior notes worth Eur4. 24 billion or US$5.
Finance/Venture
QIB CEO Bassel Gamal Says No More Need for Sukuk Issues
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
Emma Delta Increases Bid for OPAP
Emma Delta, as required by the Athens government, increases its bid for OPAP, the Greek gambling monopoly.
Ecclesiastical Appoints Hews as CEO
From the position of Executive Director and CFO, Mark Hews rises to become CEO replacing Michael Tripp.
Intel Capital Appoints New Investment Director to Boost Team
Intel Capital appoints new Investment Director Intel's global investment and mergers and acquisitions organization, Intel Capital, appoints Tobi Oke as its new Investment Director to lead the investment team for the firm.
Latest News
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
BBVA Tier 1 bond has been made and called by many potential investors. The second largest bank in Spain, BBVA has received orders for over US$5 billion for the bank's additional Tier 1 non-callable perpetual five year bond.
Barclays is seeking to find more deals in Turkey. Barclays Plc, the third highest adviser for US stock offerings in 2013, is looking for more deals in Turkey after it had helped airline Pegasus Hava Tasimaciliigi AS during its IPO last year.
The British government's ownership sale over Lloyds Bank is now being awaited when shares hit 61 pence or more.
Equiduct Systems gets new capital infusion from new investors. Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities.
Highmark finalizes West Penn Allegheny Buy Out at US$0.875 to the dollar. Highmark Inc, one of America's largest health insurers, had announced the completion of a bondholder buyout in the amount of US$604.
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
Belgium and Ageas sells off Royal Park Investments interest. Reuters wrote that in the interest of lessening its debt, Belgium sold its structured credit portfolio invested in Royal Park Investments.
Mirabaud & Cie Opens M&A unit in preparation for the market rebound. The Swiss private wealth manager and fund broker Mirabaud & Cie is opening up a mergers and acquisitions advisory group.
