New York-based private equity company KKR agreed to buy Avoca Capital for an undisclosed amount. Private equity firm KKR & Co has approved the deal to purchase Avoca Capital.
Sectors
Morgan Stanley granted dismissal for Dexia complaint
Judge Eileen Bransten dismissed the complaint of Dexia AG as it had no right to sue or claim on securities that were bought at face value.
Canadian government to review national security issues for BlackBerry bids
The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
Commerzbank to pass ECB stress tests
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Dutch life insurers to comply with Solvency II rules
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
Latest News
Google Inc would be joining the elite group of companies which stock had hit the USD1,000 price per share mark.
Constantia Flexibles Group would be holding an IPO to raise EUR 500 million, sources said. A source told Bloomberg that Austria-based Constantia Flexibles Group was thinking of going public in a EUR 500 million or USD 684 million IPO.
Two firms owned by Li Ka-shing would be selling holdings in Extreme Selection, the firm that owns the company developing a real estate project in Lujiazui's financial district.
BBC Wordlwide would reintroduce its BBC Earth and BBC First offerings starting 2014. Today, The British Broadcasting Corporation (BBC) Worldwide had disclosed its plans to relaunch some of its existing offerings.
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Schindler Holding's value rose to its highest share price after two years due to the company's news of its share repurchase plans
The European Union and Canada had agreed on a trade pact worth billions of dollar last Friday that would integrate two of the world's largest economies.
According to sources familiar with the matter, any deal that Chinese computer maker Lenovo would push through with BlackBerry would cause regulatory hurdles.
