Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
Tags: Sale
Amid South Korea's Fourth Sale Effort, Woori Chairman to Resign
Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.
Fifth and Pacific Brands Now for Sale
Lucky Brand and Juicy Couture of Fifth and Pacific Cos now offered for sale. Lucky Brand and Juicy Couture Brands of Fifth and Pacific Cos. have received offers from potential bidders.
Hub International Up for Sale
Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
Banks Lining Up Financing for Scandlines Purchase
Scandlines owners Allianz Capital Partners is preparing for the sale of the ferry group. A number of banks are now consolidating debt packages amounting to Eur 1 billion or US $1.
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Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
By selling off its 7.4% shareholdings in EADS, Lagardare exits from the ownership structure of EADS.
Starwood to purchase four Macerich malls. Starwood Retail Properties is in discussion with Macerich for the purchase of four low sales generating malls.
Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
In the wake of Rio Tinto's possible sale of shareholdings in the Iron Ore Company of Canada, Labrador Iron Ore is studying its options for the future.
Former Hulu board member Peter Chermin offers US$500 million for Hulu. Hulu, the online video streamiong service established in 2007, has received an offer from former News Corp President Peter Chernin.
The ten year gilts at record low rates will be offered by the UK Debt Management Office in the next few days.
The bankruptcy court upheld the sale of assets of LCI Holdco LLC despite IRS opposition. The federal court with jurisdiction over the bankruptcy case of LCI Holdco LLC has approved the sale of the assets of the company to Hospital Acquisition LLC.
VTB completes purchase of Tele2 Russia despite competitors crying foul. Tele2 announced Thursday that the acquisition by VTB of Tele2 has been completed.
