South Korea is exiting from the country's second-biggest non-performing loan manager Woori F&I Co. Ltd. At least three bidders including MBK Partners, KB Financial Group and Daishin Securities will place their final bids for the bad-loan unit.
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Rise in mergers, acquisitions signals Southeast Asia as new deal-making hub
Thanks to the decline in deals in Greater China, demand and pay for Southeast Asian investment bankers as deal makers had seen an increase, according Thomson Reuters data.
Alinda Capital to takeover Polish broadcast infrastructure firm Emitel
London-based private equity firm Montagu will be exiting from its Polish broadcast infrastructure firm Emitel. American investment firm Alinda Capital Partners reportedly agreed to buy Emitel in a deal that could be worth EUR840 million.
Central Bank of the Philippines gives green light to $500M ADB loan for typhoon rehabilitation
The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.
Malaysia's Mahathir Mohamad resigns as adviser to state-run Petronas
Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
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Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.
Italy-based Telecom Italia told regulators that it did not get any offers for its unit in Brazil and that it intends to keep the unit. The company issued the statement in response to a request from an Italian regulator regarding Telecom Italia's plans for its Brazilian business.
Malaysia-based Etiqa, the insurance unit of Maybank, is said to be thinking of bidding for Indonesian insurer Mega Life Asuransi Jiwa, according to sources interviewed by Bloomberg.
Australian Prime Minister Tony Abbott said today the government may purchase a stake in Qantas Airways to help the troubled carrier compete with better-financed rivals.
South Africa-based coal mining firm Resource Generation (Resgen) is in a funding drive to raise USD178 million for a new coal mining project in Limpopo.
Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.
Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.
After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on public offer.
Indonesia's Information and Communication Technology Ministry has finally approved the acquisition of PT Axis Telekom Indonesia (Axis) by PT XL Axiata (EXCL) on November 28.
