On Monday, Spain’s Santander said that it had agreed to buy a 51% stake in the largest consumer finance business from El Corte Ingles.
Deals
IOC bids for Haldia Petrochemicals stake- sources
As of 11 a.m. on Monday, the Indian Oil Corp was the only bidder left for the 31% stake of Haldia Petrochemicals, said sources.
Biggest US creditors show concern on government stalemate
Japan and China, two of the biggest US foreign creditors, had expressed their concerns regarding the partial US shutdown, said a Bloomberg report.
Apollo, Copper disagree on proposed price offer
Apollo Tyres and Cooper Tire & Rubber Co had been on a disagreement over a proposed decrease in price offered by Apollo to take over the US firm, reported Reuters.
Bloomberg: China Resoures looking to sell Hong Kong meat unit
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
Latest News
BlackBerry shares rose last Monday after reports of potential strategic buyers taking interest in the struggling smartphone maker, said a Reuters report.
Twitter Inc got a "buy" rating from a brokerage company even before the social media platform went public, said a Reuters report.
Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.
DukeNet serves as the gateway to the Southeast United States, thus an acquisition of this magnitude was an easy choice to make.
The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.
Aerospace manufacturing and energy-focused product and service provider Curtiss-Wright Corp announced that it had closed its acquisition of Arens Controls, LLC, a vehicle control and power management solutions company.
OpenGate Capital, LLC got support from Backbone Capital Advisors, a financial advisory services firm, to follow through the completion of its buyout of PennySaver USA.
The fund, projected to be between USD500 million and USD750 million, was closed by the firm at USD812 million worth of capital commitments.
Oil and gas energy company First Titan Corp was reportedly at the end of closing its acquisition deal of a potentially profitable oil zone based in Hardin County, Texas.
