Tags: Bid
China’s Anbang Acquired Allianz’s South Korea Operations After Dropping Its Bid for Starwood Hotels
Anbang Insurance is acquiring Allianz’s operations in South Korea after dropping its offer to buy Starwood hotels. The deal is waiting for approval from South Korea’s financial regulator.
Smaller airlines upbeat on Virgin America acquisition
Virgin America, Billionaire Richard Branson's small carrier, is on the block and this is attracting other smaller airlines to bid for it. Airlines in the US are making more profits owing to cheaper oil prices. Acquisition route is ideal for smaller airlines to expand further.
Group of Canadian and Kuwaiti Investors Bought The London City Airport for £2 Billion, Raise Concerns Over Possible Airport Charges Raise
The London City Airport has now new owners as a group of investors led by Canadian pension plan acquire the facility for £2 billion. Some expressed a concern over the airport’s plan to expand the service, also over the high price that could cause the new owners to increase airport charges.
Mexico scraps $3.75 billion China rail deal ahead of state visit
Mexico has revoked a $3.75 billion high-speed rail contract from a China-led consortium after its uncontested bid prompted an outcry from lawmakers, souring a state visit to Beijing next week by President Enrique Peña Nieto.