Protective Life is the leading buyer for assets of AXA Life amounting to US$1.5 billion. American insurer Protective Life Insurance is the frontrunner in the purchase of picking up AXA SA's life insurance assets.
Deals
Ericsson to Purchase Microsoft's IPTV unit
Microsoft is nearing completion of its transfer of its IPTV unit to Ericsson. Microsoft Corp's IPTV business unit is subject of discussions with Ericsson, the telecommunications giant.
Dell Out as CEO should Blackstone or Icahn Offer Prevail
Offers made by the Blackstone Group and investor Icahn does not include Michael Dell as CEO of the firm he helped found three decades ago.
Printemps offers worry Union
The pending sale of Printemps has worried union representatives as to possible job cute. Printemps, the French department store, is now nearing completion of its sale to Qatari investors, The projected deadline is as early as this summer with the timetable for the deal now being prepared for the staff.
French State Safran Shares for Sale
The French Ministry of Finance is selling 3.12% interest over the aerospace company Safran. The 3. 12% shareholdings of France in Safran is up for sale.
Latest News
With the warrants it holds, Warren Buffett can become the largest shareholder of Goldman Sachs. Berkshire Hathaway passed on a golden opportunity to become the largest shareholder in Goldman Sachs Group Inc.
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
The owners of the Atlantis in Dubai resorts have finalized a debt restructuring deal. In an announcement, Kerzner International Hotels Ltd has completed a deal to restructure its US$145 million debt.
Doha Bank releases two part issue to increase capitalization. Qatar's fifth largest lending institution in terms of market value has announced that its issue valued at QAR1.
LDK transfers more shares under a purchase agreement with Fulai. LDK Solar Co's share values has declined nearly three fourths since 2012 and has now sold additional shares to Fulai Investments at discounted rate of 30% of value from last month.
Warren Buffet, an American businessman, will become one of the ten largest shareholders in Goldman following a deal he signed with the bank to exchange his profits on warrants for stock.
The buyout of Brazilian power holding firm Grupo Rede Energia SA by rivals SA is unlikely to be prevented by opposition from foreign bondholders, several sources familiar with the matter told Reuters.
Deloitte is said to have discussed in advance its plan to buy Germany's Roland Berger Strategy Consultants
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
