State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
Investors
Symantec Acquires PasswordBank from Venture Capital Firm
Solutions provider Symantec buys PasswordBank from Inveready. Solutions provider company Symantec recently purchased PassWordBank from Inveready, a Spanish venture capital company that specializes in early-stage investment.
TowerBrook Capital acquires Metallum with EUR295 million in debt
TowerBrook Capital revealed that it had acquired Metallum Group with EUR295 million in debt financing.
Elastic Path Software receives C$12 million in financing
Elastic Path Software received C$12 million worth of funding from several investors including Yaletown Venture Partners.
Qatar Investment Authority to invest US$300 million in Indian real estate
Qatar Investment Authority has announced that it is investing US300 million in RMZ Corp. Qatar Investment Authority (QIA), a sovereign wealth fund, announced that it is investing US$300 million in RMZ Corp.
Latest News
Baxter International wins approval of EU after divesting of CCRT. Dialysis products specialist Baxter International Inc. (BAX) earned conditional approval to purchase Sweden-based competitor Gambro AB from the European Union.
Haniel & Cie GmbH hires JPMorgan to decide on sale of Celesio stake. Holding company Franz Haniel & Cie GmbH has acquired the services of JPMorgan Chase & Co.
Discount and Koor shares rise to highest number in 14 months. Discount Investment Corp. (DISI) shares rose 8. 3 percent to 17. 29 shekels, resulting the highest value since May 2012.
Telefonica revives talks with KPN to acquire E-Plus mobile business. Spanish telecommunications company Telefonica SA (TEF) has restarted negotiations with Royal KPN NV to acquire German mobile-phone business.
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
Spanish telecomms company Telefonica has offered cash and shares of German unit for KPN's E-Plus.
Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc. On Monday, Third Point LLC, an activist hedge fund, agreed to sell 40 million worth of shares in Yahoo back to the internet company.
Pharmaceutical giants Pfizer, AstraZeneca and Novartis are among those to propose bids for Onyx Pharmaceuticals.
Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
