China's Anbang Insurance Group has agreed to pay 1.13 trillion won ($998 million) to take a controlling stake in South Korean's eighth-largest life insurer Tong Yang Life Insurance, Tong Yang said on Tuesday.
Deals
Spain's cable firm Euskaltel mulls partial listing - report
Spanish cable company Euskaltel has hired Rothschild as advisers to explore a potential partial listing on the stock exchange, business daily Expansion said on Saturday, citing sources close to the firm.
Airbus in talks with Indian firms on helicopter joint venture
Airbus Helicopters said on Friday it is in talks with Indian companies including Mahindra and Mahindra (MAHM.NS), Reliance Industries (RELI.NS) and Tata Group to jointly make military helicopters, to comply with rules aimed at helping the local defense industry.
Sri Lanka reviews land transfer to China as port deal draws scrutiny
Sri Lanka is reconsidering the outright transfer of a parcel of land to China under a $1.5 billion port city deal signed by a previous government, the energy minister said, amid concerns it could be used for Chinese naval activity.
Check Point buys Israeli cyber security firm Hyperwise
Internet and network security provider Check Point Software Technologies has bought Israeli start-up Hyperwise, saying it will help it compete in the fast growing cyber security market.
Latest News
Spain's Caixabank said on Tuesday it would launch a full takeover bid for Portugal's BPI, paying 1.329 euros ($2) per share for the 55.9 percent of the lender it does not already own.
Fairfax Financial Holdings Ltd, a Canadian property and casualty insurer, said it would buy Brit Plc, a specialty insurer and reinsurer, for about $1.88 billion to gain a significant presence in the Lloyd's of London market.
State-owned Dubai World has received backing from all its creditors for a $14.6 billion restructuring plan, a court heard on Sunday, paving the way for the deal to be formally approved by May.
The board of Ireland's Aer Lingus (AERL.I) strengthened its support for British Airways-owner IAG's (ICAG.L) takeover approach on Friday, saying that following talks with its suitor, the deal made compelling commercial sense.
A long-shot bill to give Puerto Rico's ailing public agencies a chance to restructure their massive debts under the section of U.S. bankruptcy law used by cities such as Detroit and Stockton, California, will get a hearing before a key congressional committee, according to two sources familiar with the matter.
The U.S. airline industry expressed concerns on Friday about the tentative merger of Expedia Inc (EXPE.O) and Orbitz Worldwide Inc (OWW.N), saying it could hurt the travel business, but hinted it would not lobby actively against the deal.
Buyout group HgCapital is planning a potential 300 million euro ($342 million) sale of nursing home operator Casa Reha as the consolidation of Germany's fragmented healthcare services sector continues apace, sources familiar with the deal said.
Didi Dache and Kuaidi Dache, two of China's leading taxi-hailing apps, said on Saturday they would merge to create one of the world's largest smartphone-based transport services.
The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels.
