Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
Investors
Scandinavian banks have been called out by S&P analysts
Standard and Poor's analysts have criticized the practice of Scandinavian banks. The biggest banks of Scandinavia have failed to curb risks of financial innovation and would avoid downgrades unless national regulators requiring stricter measures, according ratings agency to Standard & Poor's.
Law firms advise American Tower and MIP Tower Holdings deal
The law firms provided able legal support to the American Tower and MIP Tower Holdings. The largest operator of cellular towers in the United States, American Tower Corp, had entered into an agreement to purchase the parent firm of its rival Global Tower Partners.
Apollo Global Management okays acquisition of NCG Banco's Evo Banco
Apollo Global Management would be buying Evo Banco for USD 79 million. Apollo Global Management agreed to acquire Evo Banco for EUR 60 million or USD 79 million.
Koch Industries will acquire Krehbiel-founded Molex in a USD7.2 billion agreement
Krehbiel family-founded Molex had agreed to be bought out by Koch Industries for USD7.2 billion. On Monday, Koch Industries had agreed to acquire Molex for USD7.
Latest News
The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
BBA Aviation plunged as much as 4.1% after merger talks with Dubai Aerospace Enterprises Ltd ceased.
NYSE Euronext bought a minority stake in startup ACE Group Inc. NYSE Euronext acquired a minority stake in ACE Group Inc. No financial terms were disclosed.
Marubeni-Itochu Steel announced its purchase of US pipes trader Sooner Inc for USD 600 million. Marubeni-Itochu Steel Inc said it would purchase Sooner Inc for USD 600 million.
The Financial Times reported that Vodafone may not be able to acquire Kabel Deutschland for lack of shareholder approval.
Sentix Research Group reported that investor sentiment in the Euro zone was positive and upbeat this month.
Ping An Bank would sell more than 1 billion in new shares to its parent company Ping An Insurance to raise core capital.
Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.
Andre Esteves' Grupo BTG Pactual exercised option to purchase MPX Energia shares. The investment bank controlled by tycoon Andre Esteves, Grupo BTG Pactual, had announced the exercise of an option to acquire 28.
