Fubon Life Insurance Co would be buying real estate overseas after the Taiwanese regulator eased restrictions for insurance firms on property investments.
Deals
General Electric Capital Corp to sell majority stake in GE Money Bank in IPO
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Toshiba eyes major stake in UK nuclear consortium NuGen - CEO
Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
Forgame surges in HK public offering debut
Forgame Holdings Ltd experienced a premium of one-third of its stock price during its trading debut on the Hong Kong Stock Exchange on Thursday, said a Reuters report.
Investing in self-sustaining startups seen a trend in venture capital firms - report
Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
Latest News
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
FinGelit Chief Executive Officer Mattia Malgara said the Italy-based food maker would be going public next year.
Commonwealth Annuity and Life Insurance Co., a wholly subsidiary company of Global Atlantic Financial Group, announced the completion of its acquisition of Aviva USA's life insurance business.
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
Oregon-based Cascade Microtech announced its acquisition of ATT Advanced Temperature Test Systems. Cascade Microtech bought Germany-based ATT Advanced Temperature Test Systems for EUR 8.
British insurance firm Aviva sold its US business to Athene Holding for USD 2.6 billion. Aviva Plc sold its US unit to Athene Holding for USD 2. 6 billion, fetching USD 800 million more than the initial price tag.
Empire State Realty Trust debuted on the New York Stock Exchange at USD 13.10 per share. Empire State Building owner Empire State Realty Trust Inc debuted on the New York Stock Exchange on Wednesday.
Accelerator program and investment firm 500 Startups announced that it was able to close USD 44.1 million for its second fund.
