ADM purchases Australia's GrainCrop for US$2.3 billion. The world's largest corn processor, Archer-Daniels-Midland Co finalized an agreement from GrainCorp Ltd for the purchase of the rest of the Australian crop handler's business and assets.
Sectors
NEC to receive loans and sell off assets
NEC's restructuring plan is underway as it receives loans from major banks and sells off quality assets to the market.
Pegasus Airline IPO Nets 1.93 billion lira
Pegasus Airline, Turkey's low cost air carrier, raises nearly 1.93 billion lira or US$1.07 billion in its IPO.
KBC Banka purchased by Societe Generale Srbijia and Telenor Serbia
Telenor Serbia and Societe Generale Srbijia would divvy up assets of KBC Banka. KBC, the banking and insurance group from Belgium, announced that it had agreed to sell its Serbian subsidiary KBC Banka.
Strategic Partnership between Yakult and Danone Dissolved
Yakult and Danone dissolves its strategic partnership. Yakult Honsha Co Ltd, the Japanese health drink manufacturer will dissolve its tie up with Danone SA of France.
Latest News
Only two private equity firms are in the running for Onex Corp's Carestream Health Inc as others pulled out citing uncertain outlook for the company's future.
Banco do Brasil SA's BB Seguridade Participacoes SA IPO is estimated to be worth of US$4.2 billion.
ThyssenKrupp, because of declining demand and low priced competition, is selling off assets in the Americas to
Dynamic Yield raises US$2 million in Series A funding. Dynamic Yield announced today that it was able to raise $2 million in its Series A funding round.
The Greece National Bank would be selling 12% of its share offering to private placement. The largest lender in Greece, the National Bank, is aiming to sell at least 12% of its Eur9.
Glass Lewis joins ISS in supporting the split of Timken into its bearings and steel businesses. Glass Lewis, the activist proxy advisory firm, had told its Timken Co shareholders that the non binding proposal to break up the company's ball bearings and steel business is a good move.
GSK to sell off Lucozade and Ribena. GlaxoSmithKline (GSK) is going to sell its soft drink brands Ribena and Lucozade. The decision may result in GBP1.
In a warning report, Reuters has found that debt issuances by companies have reached near 2007 levels.
The fashion website Zalando continues in its growth path leaving the competition behind. German online retailer Zalando has announced that their firm would keep its focus in getting core markets to break a profit despite speculation that the fashion website would be listing itself by early 2014.
