Rolls-Royce had sold its 50% stake in the RTM322 helicopter engine program to its program partner Turbomeca by Safran for EUR239 million or USD386 million.
Sectors
European Commission approves BCP restructuring plan
The European Commission approved the restructuring plan of BCP, Portugal's largest listed bank.
Syria withdraws second tender offer to purchase white sugar
The Syrian government cancelled its tender to buy white 276,000 tonnes of white sugar two times after receiving only one offer from international traders.
Immofinanz closes EUR 48.4 million sale of Hilton Vienna Danube
Immofinanz Group said it had completed its sale of the Hilton Vienna Danube for EUR 48 million. The Immofinanz Group announced that it had sold the Hilton Vienna Danube to a subsidiary firm of Internos Real Investors.
Japan to use public funds to help Tepco with contaminated water from Fukushima nuclear plant
The Japanese government said it would use public funds to deal with the radioactive water emanating from the Fukushima nuclear plant as Tepco appeared overwhelmed by the problem.
Latest News
Coastal Capital joined debt specialists to seek board spill in Billabong International Ltd. Coastal Capital, a hedge fund based in the US, on Monday joined other debt specialists in surrounding Billabong International Ltd, looking for a board spill.
Reuters reported that five of HTC's employees were jailed over the weekend over trade secrets breach claimed by the Taiwanese mobile phone maker.
BYD Co Ltd is in the midst of a comeback thanks to a jump in sales of its gasoline-fueled cars. BYD Co Ltd, the company best known for electric cars, is in the process of a comeback with the help of traditional gasoline-fueled vehicles.
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Indofood Sukses Makmur Tbk PT has been considering a hostile takeover of Singapore-listed China Minzhong Food Corp Ltd after a short-seller attack decreased the Chinese food producer's market value.
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
Hankook Tire Co Ltd stepped up by striking a deal with luxury car maker Daimler AG to supply tires for its new Mercedes-Benz S-Class and E-Class sedans.
