Generali's BSI is being purchased by Bankinter and Apollo Global Management. US investment fund Apollo Global Management has partnered with Bankinter of Spain to make a formal bid for Swiss private bank BSI.
Investors
Fiat CEO Talks Chrysler Financing
Many banks interested in Chrysler buyout, according to CEO. After previous comments on the personal choice of Fiat CEO Sergio Marchionne, it was revealed that the Fiat CEO has talked to banks on financing a buyout of Chrysler's stake in the company.
Anadarko Bids out Mozambique Gas Sale
Anadarko and Indian billionaire Dhoot to sell off Mozambique gas interest. The partnership between Anadarko Petroleum Corp and Indian tycoon Venugopal Dhoot is auctioning off its twenty percent stake in a Mozambique gas field.
Marriott International Joins IKEA to Launch New European Hotel Chain
Marriott International is expected to open its first Moxy hotel in Milan, Italy by early 2014 as it aims to open more hotels over the next 10 years.
Wells Fargo CFO to Consider Mortgage Servicing Rights Market
Wells Fargo's chief financial officer Tim Sloan revealed during an investor conference that they may consider sale of mortgage servicing rights without any capital pressure.
Latest News
Spanish bank Bankinter formed partnership with U.S. investment fund Apollo Global Management to bid for Swiss bank BSI.
Security firm G4S has decided to sell its government business unit in the U.S. as the country struggles from budget cuts.
Owners of HD Supply are expected to sell the industrial distribution company in a proposed IPO as it reports significant improvement since financial crises.
Government competition bureau approves sale of Astral to BCE. Approval has been issued by the Competition Bureau of Canada for the purchase of BCE Inc of Astral Media Inc.
Facebook to answer lawsuit over IPO misinformation. Facebook, still reeling from the fiascos of its IPO, is now facing another shareholder lawsuit. The world's biggest social networking company's executives, namely founder and CEO Mark Zuckerberg, its board and other officers for the damage sustained.
New York-based Latin American Private Equity and Venture Capital Association disclosed that buyout and venture capital firms spent $7.9 billion on acquisition activities in Latin America last year as they benefited from fundraising to gain capital.
Trafigura has shown interest in purchasing zinc from global leading zinc provider Nyrstar Commodities trader Trafigura revealed it has interest in bidding to purchase zinc from world's leading producer Nyrstar that could worth about $700 million per year.
Hellermann Tyton would be listed in the London Stock Exchange. Hellermann Tyton's business is the making of cabling products and has announced it would list at least 40% of its shares in the London Stock Exchange this March.
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
