Johannesburg-based Standard Bank said it would be selling its London-based trading unit to a yet-unconfirmed buyer.
Deals
UBS AG to pay back Swiss National Bank for bailout fund value
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.
Johnson Controls acquires majority share in South American battery company
Johnson Controls recently bought 90% of the stakes in battery maker MAC. Johnson Controls Inc. (JCI) announced its acquisition of a majority stake in battery company MAC, which conducts business across Central and South America, This was according to a report published by Journal Sentinel.
Macquarie challenges Aberdeen with rival SWIP bid
Macquarie Group Ltd said it would make a GBP500 million offer for Scottish Windows Investment Partnership, which was reported to receive a previous bid from deen Asset Management Plc.
Queensland eyes USD4 billion toll road sale
Queensland Investment Corporation announced the sale of its toll road business Queensland Motorways for USD4 billion.
Latest News
German animal health product supplier Boehringer Ingelheim announced its intention to acquire poultry vaccine maker Lohmann Animal Health.
Leap wireless revealed that it had lost 196,000 customers as it was poised to merge with telecom giant AT&T.
Many private equity firms and partnerships are in the process of formulating their bids for diagnostic unit of Johnson&Johnson.
Feronia identified the private placement equity investors and the breakdowns as to their purchases.
New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.
Estonia revealed its plan to raise a new fund of EUR60 million for the development of a second Skype.
Espresso Logic's first reactive logic programming based database backend merits seed funding in the amount of USD1.6 million from renowned Silicon Valley angel investors such as Inventus Capital.
Geneva-based luxury-goods retailer Compagnie Financiere Richemont announced its decision to invest rather than divest in its struggling brands.
A total of USD6 million in capital was provided by Guggenheim Partners for CardCash for growth financing purposes.
