GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.
Asia/Pacific
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
Dole to close Itochu deal in April; sell land in Hawaii
Itochu today paid Dole a non-refundable cash deposit of $200 million to be applied toward the purchase price
Shareholders Approve Share Sale at Renesas
Renesas is restructuring and will sell shares of stock to improve its overall position. Shareholders of Renesas Electronics Corp had passed a resolution to approve a sale plan amounting to 150 billion yen.
ING Australia to Sell Mortgage Backed Bonds
ING Bank Australia to sell record high mortgage backed bonds. ING's Australia unit, ING Groep NV is projecting to sell up to Aus$2 billion or US$2.
Latest News
Tata Sons limits liability in airline joint venture. It what it called a as a mere 'financial investment', Tata Sons announced it was placing a ceiling on its joint venture into the airline business at Rs 49 crore.
India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.
TVS Logistics buys Rico Logistics TVS Logistics has announced it has acquired a majority stake from UK based firm Rico Logistics. This purchase would be in line in achieving the objective of US$1 billion turnover on or before 2015 as well as expand opportunities in the country.
WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Canvera awarded more venture capital money Canvera Digital Technologies Pvt Ltd was able to raise about US$6. 5 million in Series B round of funding from other sources at a time when known venture capitalists are leaving the market.
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
The largest budget carrier in Asia plans to invest $30 million to $60 million into its new airline venture in India.
CSC divesting interest in ESI. An agreement was recently reached by CSC and Itochu Techno-Solutions Corporation (CTC) together with the ITOCHU Corporation for the sale of the Enterprise Systems Integration (ESI) unit at CSC.
Investors at Japan Tobacco has been selling their shares following the decision of Japan's government to sell its stake at the world's third-largest tobacco company.
