Netherland's DSM said it would spin off its pharmaceuticals division to private equity firm JLL Partners for USD2.6 billion. The post-spin off company would be developing and manufacturing drugs under contract.
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Bashneft to go public fall of next year - report
A most notable reason of Russian oil company Bashneft planned to launch an initial public offering was to avoid the chances of a hostile takeover by a potential investor, said one investment firm analyst.
Airwork to go public - prospectus
Proceeds to be received from the planned initial public offering of New Zealand aviation company Airwork would go towards a stock buyback program, repay debts to affiliates and inject working capital into the firm.
JP Morgan backs out from China Everbright Bank IPO
The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.
IntelligenceBank closes USD2 million in seed funding
Melbourne-based tech startup IntelligenceBank raised USD2 million in a seed funding round led by local investment firm KOTJ. The funds will be used for the company's market and workforce expansion.
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Julius Baer Group said it will be acquiring WMPartners Wealth Management. The latter will then be merged with Julius Baer's Infidar Investment Advisory Ltd unit to form one of the largest independent asset management company in Switzerland.
Xiao Gang, head of the China Securities Regulatory Commission, said the new reforms planned by the government on public share sales will increase the role of free market forces.
Nokia shareholders were expected to approve the sale of its beleaguered handset business to Microsoft Corp. for EUR5.44 billion. The takeover would boost Nokia's cash position to EUR8 billion.
Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.
Indian trading platform provider Financial Technologies Ltd decided to sell its Singapore Mercantile Exchange (SMX) unit to Intercontinental Exchange Group Inc (ICE) for USD150 million amid regulatory scrutiny.
Simplivity's Series C investment round was oversubscribed, raising USD58 million in capital led by Draper Fisher Jurvetson and Kleiner Perkins Caufield & Byers and participated by new and existing investors.
Antony Leung, the Greater China Chairman of Blackstone Group, would be making an exit from the private equity company to become the Chief Executive Officer of Nan Fung Group Holdings Ltd.
Spanish multinational oil firm CEPSA bought Canadian Coastal Energy Co. for CAD2.3 billion (USD2.21 million) including debt. CEPSA will pay CAD19 per Coastal Energy share in cash.
Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.
