In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
Tags: Purchase
Hilco Reserves HMV for the Future
Hilco acquires HMV from its administrators. Hilco, the restructuring specialist recently announced that it had acquired British entertainment retailer HMV.
UBS was backer for CP Group Purchase of stake in Ping An
Unbeknownst to many, UBS was the financial backer of CP Group in its purchase of a stake in Ping An Insurance of China.
Sterling Bancorp Bought by Provident New York Bancorp
Sterling Bancorp was purchased by Provident New York Bancorp for US$344 million. Provident New York Bancorp has announced its purchase of Sterling Bancorp through a stock deal amounting to US$344 million.
SinoPac To Sell 20% of Banking Unit to ICBC
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.
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Tanjung's CT Corp is offering to purchase all of Visi Media Asia from the Bakrie family. One of Indonesia's rising conglomerates CT Corp has offered an all-cash deal for the controlling stake in PT Visi Media Asia.
Fiat to secure credit line to prepare for options in the next move for Chrysler shares. Fiat SpA has reached out to banks for the refinancing of its Eur1.
MidOcean through a letter offered to purchase all of the shares of EDAC at a premium higher than Greenbriar.
International Investment Bank of Bahrain purchases 10% of Leeds United Football Club. Leeds United, the UK football club has sold a 10% stake to the International Investment Bank of Bahrain.
Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
Microsoft is nearing completion of its transfer of its IPTV unit to Ericsson. Microsoft Corp's IPTV business unit is subject of discussions with Ericsson, the telecommunications giant.
CBS and Lionsgate form a joint venture to acquire cable company TVGN and its website TVGuide.com. Lionsgate and CBS Corp have teamed up to operate the cable network TVGN and its website TVGuide.
