Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Investors
Laiki Bank UK Exempt from Cyprus Bailout Levy
The transfer of funds exempted Laiki Bank UK from Cyprus Bailout. The United Kingdom branch of the Laiki Bank has evaded the so-called 'haircut' of depositors in the beleaguered Cypriot bank.
Sharjah Islamic Bank to Issue Sukuk Bond
A US$50 million sukuk bond issue would be undertaken by the Sharjah Islamic Bank. The lending institution partly owned by the UAE emirate of Sharjah, the Sharjah Islamic Bank is now in the process of preparing for a dollar denominated Islamic bond or sukuk.
MAS merges Attune Consulting with Sabre Technologies
The MAS capital infusion of US$20 million would result in the merger of Attune Consulting and Sabre Technologies.
Swiss Bank Julius Baer to Complete Merrill Lynch Transfers Soon
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
Latest News
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
Jazztel's increasing growth in the Spanish market is making it very attractive for major telecommunications companies.
Patinack Farm, the renowned racehorse breeding farm owned by Nathan Tinkler, is now on the auction block to help pay off debts.
Carl Icahn, a man known for change in acquired companies, has taken a back seat in his latest shareholdings purchase, Nuance Communications.
Nasdaq OMX purchases the eSpeed platform from BGC Partners. In recent announcement, Nasdaq OMX Group Inc. has acquired from BGC Partners Inc its eSpeed platform.
Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Hess Corp. has announced that it is selling its Russian unit, Samara-Nafta, to LUKOIL in a $2.05 billion deal as activist investors besiege the company for a business change
Shares in PT Visi Media Asia Tbk have increased dramatically following a buyout offer from Chairul Tanjung, the fifth richest man in Indonesia.
Deliv, after a successful financing round, would provide same day services for consumers and retailers in major cities in the US.
