Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-shares and 29.8 million B-shares.
Sectors
TRANSDIGM TO ACQUIRE AIRBORNE SYSTEMS FROM METALMARK CAPITAL
TransDigm Group Incorporated and Metalmark Capital announced today that TransDigm has entered into a definitive agreement to acquire Airborne Systems Inc., for approximately $250 million in cash. Airborne Systems is owned by MetalmarkCapital.
Norway's DNB rejects prediction on real estate
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
UBS to buy EUR1.75 billion of its bonds back
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
Futures flat after 8-week run-up; data on tap
U.S. stock index futures were little changed on Monday in the wake of eight straight weeks of gains after mixed data on China and the euro zone and ahead of U.S. economic reports which could provide some clues on the strength of the recovery.
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US-based Akamai Technologies on Monday announced that it will acquire the world's largest and most trusted cyber security provider Prolexic Technologies for USD370 million. The deal is expected to close in spring of next year.
Thanks to the decline in deals in Greater China, demand and pay for Southeast Asian investment bankers as deal makers had seen an increase, according Thomson Reuters data.
London-based private equity firm Montagu will be exiting from its Polish broadcast infrastructure firm Emitel. American investment firm Alinda Capital Partners reportedly agreed to buy Emitel in a deal that could be worth EUR840 million.
The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.
Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
Belfast-based scientific digital camera maker Andor Technology refused the GBP166 million buyout offer from English tool manufacturer Oxford Instruments. Oxford Instruments had been negotiating the takeover deal with Andor for months now.
Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.
South Korea is exiting from the country's second-biggest non-performing loan manager Woori F&I Co. Ltd. At least three bidders including MBK Partners, KB Financial Group and Daishin Securities will place their final bids for the bad-loan unit.
Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.
