The news media report on Volkswagen CEO's retirement was dismissed in another news report. Ferdinand Piech, Chairman of Volkswagen, dismissed a report in the media stating he would be quitting his post at Volkswagen, the largest automaker in Europe, soon.
Investors
American Tower shells USD4.8 billion for MIP Tower acquisition, to own Global Tower
American Tower said it would invest USD4.8 billion for the acquisition of MIP Tower Holdings LLC, parent of Global Tower Partners.
Mahindra Finance signs joint venture agreement with Woori Financials for SsangYong financing
A memorandum of understanding was signed for the financing of SsaangYong Motor in Korea. A memorandum of understanding was signed between Mahindra Finance and Woori financials.
Initial close of Quadria Capital's second fund scores USD 107 million
The initial closing of Quadria Capital's second fund raised USD 107 million in capital commitments.
Businessman says investors willing to help Banca Marche
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
Latest News
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Edge Products filed for bankruptcy, a court filing showed. A court filing revealed that Edge Products had filed for bankruptcy under Chapter 11. The company is a manufacturer of aftermarket performance electronics for vehicle industry.
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Malaysia Airports Holdings was able to gather MYR 500 million from its sukuk issuance for the construction of its budget airlines terminal.
Telegraaf Media Group (TMG) was able to raise EUR 391 million by selling its non-core stake in ProsiebenSat 1.
As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.
Rothesay Life Insurance, the British insurance operations of Goldman Sachs Group, had agreed to sell 30% shareholdings to GIC and Blackstone.
Sources said NTT DoCoMo would finally start offering Apple's iPhones to its Japanese subscribers.
