Warren Buffet, an American businessman, will become one of the ten largest shareholders in Goldman following a deal he signed with the bank to exchange his profits on warrants for stock.
Investors
AXA Assets to be Bought by Protective Life
Protective Life is the leading buyer for assets of AXA Life amounting to US$1.5 billion. American insurer Protective Life Insurance is the frontrunner in the purchase of picking up AXA SA's life insurance assets.
Berkshire has options over Goldman Sachs
With the warrants it holds, Warren Buffett can become the largest shareholder of Goldman Sachs. Berkshire Hathaway passed on a golden opportunity to become the largest shareholder in Goldman Sachs Group Inc.
HSBC Clamps Down on Browder and Hermitage Russia Fund
HSBC winds up Hermitage Fund. HSBC Holdings Plc has closed down Hermitage Capital Management and its Russia Fund. The fund's co-founder, William Browder, is now facing charges of libel in London and concurrently being tried in Moscow for tax evasion.
Kerzner Finalizes Debt Restructuring Deal
The owners of the Atlantis in Dubai resorts have finalized a debt restructuring deal. In an announcement, Kerzner International Hotels Ltd has completed a deal to restructure its US$145 million debt.
Latest News
The buyout of Brazilian power holding firm Grupo Rede Energia SA by rivals SA is unlikely to be prevented by opposition from foreign bondholders, several sources familiar with the matter told Reuters.
Deloitte is said to have discussed in advance its plan to buy Germany's Roland Berger Strategy Consultants
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
Great Britain's search and rescue helicopter services will be sold to United States-based Bristow Group for 1.6 billion pounds.
SBM Offshore, along with its partners, has signed a $3.5 billion contract from Brazilian oil firm Petrobras to construct two oil platforms.
CVC Capital partners would be selling off its shareholdings in the Belgian Postal Service or Bpost. CVC Capital Partners, the private equity group, is now preparing to sell to the market twenty five to thirty percent of the Belgian Postal Service.
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.
Armada Hoffler Properties has filed documentation to lead the way to an IPO. Armada Hoffler Properties Inc, the US real estate company, has filed with regulators to raise nearly US$201.
