Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Investors
US$36.5 million Fund for Dhanlaxmi
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 Bank Merges with Petrovietnam Finance
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.
Goldman Hired to Sell RWE Unit
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.
Commerzbank Bidders Line Up Offers
Commerzbank's property portfolio up for grabs. The sale of Commerzbank has created a buzz within the industry, making many private equity firms and property lenders to stand up and take notice.
Latest News
Renesas is to decide whether to sell off or continue with its mobile chip building unit. The Renesas Electronics Corp is at a crossroads for fiscal year 2013 on whether to sell its ailing mobile chip building unit or not.
Two separate suits granted class action status against the US government by AIG shareholders. Two separate groups of shareholders have been granted class action status from a US Federal Court judge.
The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
STMicroelectronics and Ericsson have failed to find a buyer for their loss making wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.
ACI acquires Online Resources to expand its service capacities. The international provider of payment systems ACI Worldwide issued an announcement that it has completed the acquisition of Online Resources Corp.
Krono lists Distressed Asset Bonds in Danish bourse. Krono Partners PLC has announced that it would be introducing its distressed asset bonds for listing on the GXG Market.
US Bank Tower, the building blown up in the movie "Independence Day", is to be purchased by overseas investors.
MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Apollo Global's Constellium to open with IPO. Apollo Global Management is conducting its interviews of banks for the initial public offering of Constellium, a company that makes aluminium products for the transportation and aerospace industry.
