ICBC would be the first Chinese bank to invest in a Taiwanese Bank, SinoPac. SinoPac Financial Holdings Co. Ltd of Taiwan would be selling off a 20% share of its banking unit.
Sectors
BP Selling off US Wind Farm Operations
British Petroleum, in the wake of the 2010 oil spill liabilities, is selling off its wind farm operations in the US reportedly at US$1.5 billion.
Nationwide Financial and Reich & Tang Divvy Up HighMark Funds
HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
The Monterey in Manhattan Sold for US$250 million
Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
Maker of Dificid Drug Entices many Suitors
Optimer Pharmaceuticals is subject to many possible offers from other drug companies. The antibiotics pharmaceutical maker Optimer Pharmaceuticals Inc has been the subject of interest from GlaxoSmithKline Plc and Astellas Pharma Inc of Japan.
Latest News
Elior buyout financing options are attracting buyout firms and more creative financing. Banks are being asked to provide its very first pure covenant lite debt package from Europe in order to support a buyout of Elior, the French catering firm.
The Gradin family is investing in Brazil's cargo market through MTO Logistica Multimodal SA. MTO Logistica Multimodal SA is putting up 330 million reais or US$163 million into a logistics platform to transport cargo between Brazil's largest cities.
Inpex of Japan is the new partner of Statoil SA in the development of the Rovumba basin oil well in Mozambique.
In a Financial Times report, AT&T and Verizon are said to be joining forces to make a bid for Vodafone shares in Verizon Wireless.
As a result of Australian rules, Dart Energy is forcing to pull out from coal seam gas project in Australia.
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.
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.
The MAS capital infusion of US$20 million would result in the merger of Attune Consulting and Sabre Technologies.
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
