South African financial services group Sanlam said it was scouring Southeast Asia to invest in a life insurer.
Deals
La Caixa sells majority share of property unit to TPG-source
A source told Reuters that La Caixa would be selling 51% of its stake in Servihabitat, a real estate firm, to TPG.
Africa's richest man to fund Nigeria's largest oil refinery plan with loan
Dangote Group president and Africa's richest man Aliko Dangote signed a loan worth USD3.3 billion with 12 local and international banks to fund a USD3 billion proposed oil refinery complex in Nigeria.
SKF to buy Kaydon in USD1.25 billion all cash deal
Bearings maker SKF agreed to buy US-based Kaydon Corporation for USD1.25 billion in cash. The world's biggest maker of bearings, SKF, said on Thursday that it had agreed on buying US-based Kaydon Corporation in the tune of USD1.
Dixons Retail pays EUR 69 million to German firm to exit PIXmania
Dixons said it would pay EUR 69 million to mutares AG for the latter's acquisition of PIXmania.
Latest News
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
The Hudson Clean Energy Partners had invested USD6 million to Siicor Materials for the latter's expansion plans.
The CIT Group's subsidiary CIT Bank provided financing assistance for TruckPro in its acquisition of CCI Corp.
Agilent Technologies Inc. announced that it had agreed to an acquisition deal for some assets in ABC Instrumentación Analítica (ABCIA).
Arthur J. Gallagher & Co. announced acquisition of Giles Group of Companies for GBP237 million. Arthur J. Gallagher & Co. had agreed to purchase Giles Group of Companies for GBP237 million.
The Canadian Imperial Bank of Commerce said that it had been seeking CAD1 billion wealth management acquisitions as it tried to boost profit.
A Finnish state fund had reduced its stake in telecoms group TeliaSonera by 10% and said to sell 68 millions shares of common stock.
Pexco LLC announced to buy Spectrum Minnesota, an injection molder of advanced thermoplastics operator.
Bank of America said it would sell its 2 billion shares in China Construction Bank Corp. Bank of America Corp had expected to end an eight year investment in China Construction Bank Corp.
