The Popular Bank of Cyprus would be shut down and funds be put into rehabilitation of Bank of Cyprus according to last ditch bailout plan agreed upon by the government and lending institutions.
Deals
Apple Acquires WiFiSlam
Technology giant Apple has recently purchased WiFiSlam for its mapping purposes. Apple is seeking to improve its mapping applications for its smart phones by purchasing Silicon Valley start up WiFiSlam.
Sinopec Forms JV with Parent to Buy $3 Billion Assets
Sinopec has concluded a deal to purchase oil and gas assets from its parent company. Sinopec Corp. has reached an agreement with its parent company China Petrochemical Corp.
Hapag-Lloyd Stops Merger with Hamburg-Sued
As merger talks stall, Hapag-Lloyd announces termination of merger plans with its rival Hamburg-Sued.
Standard Chartered Eyes Buyout of Egyptian Bank
Standard is considering to buy a bank in Egypt as it sees economic stability in the country. Standard Chartered plans to buy an Egyptian bank to benefit from the booming lending sector of the Middle East, regional head Christos Papadopoulos said.
Latest News
Dell reviewing Icahn and Blackstone offers against the Silver Lake/Dell offer. Currently, the special committee of the Board of Directors of Dell Inc is reviewing the takeover bids submitted by the Blackstone Group and billionaire Carl Icahn.
DP Chairman confirms move from US markets to Latin American and African countries for port business.
Lion Air, going full blast on its expansion in Asia, orders a new batch of planes from Airbus. Lion Air's recent aircraft orders underscore the plans that the Indonesian consortium is planning to become as the largest pan-Asian low cost carrier.
With the economy growing and the hosting of the World Cup and Olympics in the next few years, the foreign language market in Brazil is booming.
Investors are pulling away from investing money in funds, instead they co-investment alongside private equity companies.
Leveraged buyouts backed by private equity involved big names since financial crises. Leveraged buyouts backed by private equity have now caught world's attention as they continue to emerge since the economic meltdown.
U.S. companies have become more confident in completing larger acquisitions as the country shows receovery.
Foreign language schools market in Brazil are seeing a number of takeover. A number of takeovers in the foreign language schools market in Brazil have hinted education companies that the sector is growing fast as the demand for English-speaking women continues to rise.
India eases its restrictions on foreign institutional investors or FIIs for bonds issues in the country.
