Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Deals
Are Investors Ready for Southeast Asia?
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
UPDATE: American Realty Increases Offer
American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.
VTB Group Bank Purchases Tele2 Russian Unit
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
Finnair Needs Flexibility with Shareholdings
Finnair's new Chairman said that Finland should reduce its shareholdings in the national flag carrier, Finnair.
Latest News
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
Petrobras, in line with the goal of making Brazil energy self sufficient, is selling of its stakes in Agbami and Akpo projects.
H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.
American Realty said it has decided to increase its bid offer for Cole Credit Property Trust III after the latter's rejection of the first offer.
Merlin Entertainments Group is aiming for IPO either in New York or London through share sale. Merlin Entertainments Group is in talks with potential investors for its plan to sell shares by going public in either London or New York, the company's chief executive Nick Varney disclosed to Reuters.
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
The planned merger of UK's Pearson's Penguin and Germany's Bertelsmann's Random House unit is expected to receive approval from the European Union
UK's Financial Services Authority (FSA) has fined Prudential 30 million pounds for hiding its attempt to buy Asian rival AIA three years ago.
