The Gradin family is investing in Brazil's cargo market through MTO Logistica Multimodal SA. MTO Logistica Multimodal SA is putting up 330 million reais or US$163 million into a logistics platform to transport cargo between Brazil's largest cities.
Deals
Nationwide Financial and Reich & Tang Divvy Up HighMark Funds
HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
The Monterey in Manhattan Sold for US$250 million
Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
Maker of Dificid Drug Entices many Suitors
Optimer Pharmaceuticals is subject to many possible offers from other drug companies. The antibiotics pharmaceutical maker Optimer Pharmaceuticals Inc has been the subject of interest from GlaxoSmithKline Plc and Astellas Pharma Inc of Japan.
UPDATE - VTB Takeover of Tele2 Russia Not Done Yet
New players in the Tele2 Russia saga show their hand. Russia's largest wireless carrier is now preparing the plan to fight the sale of Tele2 AB to VTB, state owned financial institution.
Latest News
Inpex of Japan is the new partner of Statoil SA in the development of the Rovumba basin oil well in Mozambique.
In a Financial Times report, AT&T and Verizon are said to be joining forces to make a bid for Vodafone shares in Verizon Wireless.
As a result of Australian rules, Dart Energy is forcing to pull out from coal seam gas project in Australia.
The MAS capital infusion of US$20 million would result in the merger of Attune Consulting and Sabre Technologies.
The Swiss bank Julius Baer would boost businesses in South America and Monaco through transfers of former Merrill Lynch businesses.
According to the Apple Daily, the Liu family owned Chong Hing Bank would be up for sale. The Hong Kong lending institution Chong Hing Bank Ltd share values reached a two year high after a reported signal from shareholders that the Liu family was ready to sell their interest.
Liberty Harbor Capital LLC is a Goldman Sachs subsidiary that would fund middle market firms with weak credit ratings.
Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
