EFG International Bank would sell its shares in EFG Financial Products unit. The Swiss private bank EFG International will be finalizing their departure from EFG Financial Products by liquidating their remaining 20.
Deals
Duff Research Bought by PayPal
Paypal buys Duff Research for an undisclosed amount. PayPal announced last Wednesday that they purchased Duff Research, a mobile applications developer.
UBS Has No Plans To Sell
Rumors of the sale of UBS wealth management subsidiary quashed by CEO remarks. This was the statement from Chief Executive Officer Sergio Ermotti when asked if UBS was planning to sell its wealth management arm.
KBC Sells Stake in NLB
Belgian KBC sells off its stake in Slovenia's NLB. KBC Group NV, the Belgian giant in banking and insurance, announced that it had completed the sale of its 22% share interest in NLB.
Lloyds Nets US$596 million from Share Sale
Sale of part of St James Place interest nets valuable capital for Lloyds. The amount of GBP400 million or US$596 would be gained by Lloyds Banking Group Plc after it sold off part of its interest over St.
Latest News
Emirate to float sukuk bonds. Dubai's flagship carrier is eyeing to release a 10-year amortising Islamic bond this week following their early price discussion on the deal.
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
ARA to go on acquisitions spree to boost private equity funding. The manager of real estate trusts owned in part by billionaire Li Ka-shing is planning to double its asset portfolio in the next five years.
GBP500 million to be raised by British Land for new investment opportunities. British Land said that it intends to raise GBP 500 million or US$745. 02 million from its shareholders in order to fund new investment opportunities.
Temasek's entry allows EILSF exit from HealthCare Global Enterprises. Temasek, the sovereign wealth fund of Singapore has invested Rs140 crore for shareholdings in HealthCare Global Enterprises or HCG.
Amtek Auto purchases Neumayor Tekfor Group of Germany. Backed by investors Warburg Pincus and ChrysCapital, Arvind Dham's Amtek Auto Ltd has finalized negotiations to purchase the business interests of Neumayer Tekfor Group of Germany.
Dhanlaxmi Bank to raise funds for expansion. According to its latest plan, Dhanlaxmi Bank will raise capital through the flotation of 8. 5 million shares amounting to raise Rs 200 crore with the issue.
Phuong Tay merges with PVFC as ordered by the Vietnamese Central Bank. In compliance with the Vietnamese central bank's goals to restructure lending institutions saddled with debt, Phuong Tay Bank is planning to merge with Petrovietnam Finance Corp.
RWE to sell its oil and gas unit with the help of Goldman Sachs. The second largest utilities provider in Germany, RWE has engaged the services of Goldman Sachs to oversee the sale DEA, its oil and gas exploration unit.
