Commonwealth Annuity and Life Insurance Co., a wholly subsidiary company of Global Atlantic Financial Group, announced the completion of its acquisition of Aviva USA's life insurance business.
Sectors
Quantopian scores USD 6.7 million from Khosla Ventures, Spark Capital
Algorithmic trading platform Quantopian raised USD 6.7 million from Khosla Ventures and Spark Capital.
Fubon Life plans to beef up overseas real estate portfolio after lifting of restrictions
Fubon Life Insurance Co would be buying real estate overseas after the Taiwanese regulator eased restrictions for insurance firms on property investments.
Gnanalingam becomes billionaire from Wesports Holdings IPO
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale to sell Asian financial unit
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
Latest News
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
A crash in Kent, WA resulting in a fire had caused a slight decline in share values for Tesla. Share values of Tesla declined at the close of trading today due to the report from the electric car manufacturer of a fire in one of its vehicles due to a crash.
Oregon-based Cascade Microtech announced its acquisition of ATT Advanced Temperature Test Systems. Cascade Microtech bought Germany-based ATT Advanced Temperature Test Systems for EUR 8.
A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.
British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion. Aviva Plc sold its US unit to Athene Holding for USD 2. 6 billion, fetching USD 800 million more than the initial price tag.
Empire State Realty Trust debuted on the New York Stock Exchange at USD 13.10 per share. Empire State Building owner Empire State Realty Trust Inc debuted on the New York Stock Exchange on Wednesday.
Accelerator program and investment firm 500 Startups announced that it was able to close USD 44.1 million for its second fund.
According to a new research, European private equity buyouts reached USD 19.7 billion for the third quarter.
LENSAR closed USD 27 million in private equity financing and USD 60 million through credit financing.
