Using bailout funds, Russian state owned banks create new business for its benefit. State controlled Russian investment banks of President Vladimir Putin are bullying foreign competitors out of the market, as they are buoyed by a bailout from its Russian tycoon cartel.
Investors
International Airline Group to Purchase Vueling
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
Aurelius Capital Management LP Offers Financing Cash to Clearwire
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Thermo Fisher Forwards Binding Offer for Life Tech
Thermo Fisher, the largest scientific equipment and laboratory instruments manufacturer has sent a binding offer for Life Technologies, the genetics sequence market leader.
Fiat SpA Claims It Has Enough Funding to Purchase Remainder of Chrysler
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
Latest News
VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
CORWIL acquired by Tonka Bay Equity partners for an undisclosed amount. Tonka Bay Equity Partners announced their acquisition of CORWIL Technology Corporation.
Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.
Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.
Infraero has withdrawn its application for an IPO as two of its licenses to operate may provide the necessary funding for its operations and growth.
A US$3 million loan was granted by Square 1 for the expansion goals of SteadyMed. Square 1 Bank has announced it has opened a US $3 million term loan credit facility to SteadyMed Therapeutics.
First aid manufacturer Med-Tech Resource was acquired by private equity firm GC Capital. A San Francisco based private investment firm, GC Capital has announced the acquisition of majority shareholdings in Med-Tech Resource.
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Adknowledge purchases SocialWeekend Labs, the formal company name of MontiPay Inc. In an announcement, Adknowledge has acquired Montipay Inc under its name SocialWeekend Labs.
