AgBank of China to issue 90 billion yuan worth of bonds. The Agricultural Bank of China Ltd will be issuing 90 billion yuan or US$14. 59 billion worth of bonds that are eligible for regulatory capital treatment.
Sectors
Escrow.com and Artprice to create new Euro System
Escrow.com and Artprice jointly develop processing of transactions for global online escrows in purchases using the system.
Private Equity Firms Setting Up Shop in Colombia and Peru
Major equity firms such as Carlyle, Pantheon and Victoria are setting up shop in Peru and Colombia. Three major private equity firms are opening up offices in the emerging markets of Peru and Colombia to ride the crest of deals that rate higher than the economic growth of Brazil.
MRI Int'l License Revoked
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Petromoc to List IPO in Either South Africa or Europe
Petromoc is mulling on IPO options as to venue and value. The Mozambique state owned distributor of petroleum products, Petroleos de Mocambique SA, is in the process of reviewing the possibility of an initial public offer of its shares either in South Africa or Europe.
Latest News
H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
A total of 27 million shares would be sold off to allow the exit of Cinven and Warburg Pincus from Ziggo, the cable firm.
ING Groep NV, in its move to cut back operations, sells off custody services in several central and eastern European countries.
NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
Pegasus Airline, Turkey's low cost air carrier, raises nearly 1.93 billion lira or US$1.07 billion in its IPO.
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
Yakult and Danone dissolves its strategic partnership. Yakult Honsha Co Ltd, the Japanese health drink manufacturer will dissolve its tie up with Danone SA of France.
Charter Hall plans to invest money for acquisitions and list publicly REITs. The owner of Sydney's more than century old General Post Office building, Charter Hall Group, is planning to purchase Aus$1.
