Mitsubishi UFJ Finance Group is in discussion to acquire US commercial property loans from Deutsche Bank.
Deals
Sundance Terminates Hanlong Agreement
Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.
GE expands with acquisition of Lufkin
GE acquires Lufkin to support its oil and gas support services. General Electric is nearing the completion of the acquisition of oilfield services provider Lufkin Industries.
Toro Energy Opens to Investors for Uranium Mine
Toro Energy open to investors in Asia and nuclear utilities for Wiluna uranium mine. Toro Energy Ltd is one of the leading uranium explorers in the world.
CP Group to Expand in China
The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
Latest News
UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.
Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
Cisco acquires Ubiquisys for US$310 million in cash and other incentives. Cisco announced last Monday its intention to acquire Ubiquisys for a value of US$310 million in cash and other incentives.
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
Etisalat, through a loan, is bidding for Maroc Telecom's shares owned by French firm Vivendi. Etisalat, the Abu Dhabi owned telecommunications company has prepared a dual tranche US$8billion loan facility to back up its bud to acquire Maroc Telecom.
The JV between EFG-Hermes Holding SAE and QInvest LLC is at risk for the delayed approval by Egyptian regulators.
The board of directors of Sterling Bancorp, Inc. is being investigated for potential claims in relation to its proposed acquisition by Provident New York Bancorp.
Things are heating up between Icahn and the Dell Special Committee on issues of reimbursement, proxy fights and possible litigation.
