Japanese insurance firm Sompo Japan Insurance Inc will acquire private British company Canopius in a deal valued at $970 million to expand its overseas operations, according to a report.
Investors
Essilor announces acquisition of Canadian eyewear firm Suntech Optics
France-based ophthalmic lenses firm Essilor International has acquired Canada-based sunglasses and reading glasses distributor Suntech Optics Inc to develop its prescription and non-prescription eyewear product portfolio.
Australia's Challenger inks deal to buy Bendzulla for $25M
Australia-based investment management firm Challenger Ltd has entered a deal to purchase self-managed superannuation fund (SMSF) services provider Bendzulla Actuarial in a deal valued at $25 million.
Afghanistan woos corporate India amid concerns over US pact
Indian investors at a December 14 speech by Afghan President Hamid Karzai were not convinced that the latter's country is safe enough to carry out their investment plans, according to a Bloomberg report.
Robinsons Retail buys local operator of Shiseido, Benefit cosmetic unit in the Philippines
Robinsons Retail Holdings Inc. has bought Beauty Skinnovations Retail Inc. (BSRI) for an undisclosed sum. BSRI operates the Philippine stores of Japan's Shiseido Co. Ltd. and US' Benefits Cosmetics LLC.
Latest News
Rhode Island-based Twin River Worldwide Holdings Inc reportedly purchased the Hard Rock Hotel and Casino in Biloxi, Mississippi for $250 million in a bid to expand its gaming operations.
British pharmaceutical corporation GlaxoSmithKline on Monday announced that it would buy up to 20.6 million shares in Indian subsidiary GlaxoSmithKline Pharmaceutical Ltd. for a total of $1.02 billion.
Sources said that American International Group is close to a deal to make its exit from International Lease Finance Corp. to Netherlands' AerCap Holdings NV. Under the deal, AIG will reportedly receive $3 billion in cash and $2.4 billion in stock.
Asia Pacific Stock Exchange (APX), a new bourse that aims to lure Chinese firms, has received final approval from the Australian Securities and Investments Commission to start operating.
A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.
UK-based virtual fitting room firm Metail has received £2.6 million in additional funding as it prepares to move into a new headquarters in East London.
The initial takeover proposal of AU$752 million from Senex Energy was rejected by oil and gas exploration and production firm AWE Ltd.
Commonwealth Bank of Australia Ltd plans to sell down its 8.6% stake in Kiwi Income Property Trust, which is worth NZ$95.7 million based on its last trading price.
Royal Dutch Shell's exit of its stake in Australia-based Woodside Petroleum Ltd may enable Asian buyers, particularly China, to get a stake of or even acquire the whole company, Bloomberg reported.
