Canada-based Saputo Inc is closer to its takeover attempt of Australia's Warrnambool Cheese & Butter Factory Co as Bega Cheese Ltd said it had agreed to sell its holding to Saputo, Bloomberg reported.
Asia/Pacific
UBS AG to increase yearly bonus payments to Asian investment bankers- sources
UBS AG is bolstering the annual bonus payments it provides to its investment bankers in Asia by about 10%, according to sources interviewed by Bloomberg.
Aquaint eyes distressed property assets in Australia -sources
Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.
South Korean fund mulls $1B Bank of America stake sale -report
South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.
Alibaba-backed UCWeb Inc plans on acquisitions to challenge competition
UCWeb Inc, a company backed by Alibaba Group Holdings, is looking at acquisitions to add more programmers and platforms so it can better compete with its rivals, Bloomberg reported.
Latest News
Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
The Vietnamese government plans to exit its stakes in 11 state-owned companies under the transport ministry via stock market listings to boost economic productivity and growth.
TaiGen Biotechnology Company Ltd, a biotechnology firm in Taiwan, has given Russia's R-Pharm the exclusive license to develop and commercialize the anti-infective compound nemonoxacin in the Russian Federation, Turkey and the Commonwealth of Independent States.
Kerala, India-based healthcare service provider Aster DM Healthcare is in talks with investment banks for a $200-million initial public offering (IPO) in London or Mumbai within a year.
San Francisco, US-based venture capital fund IDG Ventures invested an undisclosed sum in the first funding round of Bangalore, India-based mobile sales and marketing software maker FieldEZ Technologies.
Hony Capital Ltd, a Chinese private equity firm, is mulling a potential bid for United Biscuits Holdings Ltd owned by Blackstone Group and PAI Partners, according to sources interviewed by Bloomberg.
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
