Unicredit seeks to buy back Eur4.24 billion to lessen debt in the next five years. Unicredit has purchased senior notes worth Eur4. 24 billion or US$5.
Sectors
US$44 Million Loan for Resource Capital
Resource Capital lands US$44 million loan. Resource Capital Corp announced today that it was able to close a US$44 million bridge loan. The loan was attained by using the 186,000 square foot grocery anchored shopping mall in Los Angeles, California as collateral.
New Venture Capital Firm Established
Genesis Angels was established by Moshe Hogeg with former Israeli PM Ehud Olmert and Kazakh industrialist Kengers Rakishev.
Shareholders Approve Heinz Buyout
Heinz shareholders approve Berkshire Hathaway-3G Capital buyout bid. Heinz is nearing total privatization. In an announcement, Heinz shareholders approved the acquisition by Berkshire Hathaway and 3G Capital.
Liberty Global Purchases Ziggo Shares
Liberty Global purchase shares in cable television rival Ziggo. Liberty Global, the American cable giant, has sought to purchase more shares to increase its stake in its Dutch rival Ziggo from 12.
Latest News
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
BBVA Tier 1 bond has been made and called by many potential investors. The second largest bank in Spain, BBVA has received orders for over US$5 billion for the bank's additional Tier 1 non-callable perpetual five year bond.
Clariant is seeking a partner or funding to finance its second generation bioethanol plant. Clariant AG is preparing to be in bed with a partner to help raise funding for its second generation bioethanol plant.
Unilever offer is not enough according to Aberdeen Asset Management. According to Aberdeen Asset Management Plc, the offer made by Unilever Plc to pay 600 rupees per share of Hindustan Unilever Ltd is not high enough to move many of existing stockholders to sell their shares.
Spansion pays US$110 million for the microcontroller unit of Fujitsu Electronics. Spansion Inc, a manufacturer of flash memory systems for electronic gadgets, has agreed to purchase the microcontroller operations of Fujitsu Ltd for US$110 million.
Barclays is seeking to find more deals in Turkey. Barclays Plc, the third highest adviser for US stock offerings in 2013, is looking for more deals in Turkey after it had helped airline Pegasus Hava Tasimaciliigi AS during its IPO last year.
Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.
Best Buy, in a cost cutting move, has dissolved the partnership with Carphone Warehouse Group. The GBP 500 million or the US$775 million sale is an indicator that Best Buy, the world's biggest consumer electronics chain would be scaling back its operations overseas to focus on US business.
CMI pays US$500 million for assets in El Salvador, Guatamela, Nicaragua and Panama. Telefonica of Spain has entered into an agreement to sell off 40% of its assets in four different countries in Central America to Corporacion Multi Inversiones (CMI).
