ING sells shares in KB Life to JV partner. ING Groep NV, the Dutch bank and insurance group announced that it had agreed to sell its 49% shareholdings in KB Life, the Korean insurance company.
Sectors
Sinopec's Bond Sale Breaks Record
Sinopec's bond sale is the largest debt sale in Asia outside of Japan. In a recent announcement, China Petroleum and Chemical Corporation has raised a total of US$3.
First Shariah Bank Listing in Indonesia
The first IPO for a Shariah banking institution would be held by the second quarter of 2013. PT Bank Muamalat Indonesia Syariah, the Indonesian Shariah lending institution, is aiming to raise nearly US$300 million through an initial public offer.
Provo Sells Network to Google for US$1
For a symbolic dollar, Provo sells its network to Google. Google's Fiber is destined to be located in Provo, Utah after the search engine giant has entered into an agreement with the city's network for just US$1.
Mongolia Amends Restrictive Investment Law
Mongolia's Strategic Entities Foreign Investment Law has been amended to relax requirements for foreign investments.
Latest News
NovoPedics obtains funding from Foundation Venture Capital. The recently established NovoPedics was able to obtain a $500,000 funding from Foundation Venture Capital.
Saban Capital Group opens its Saban Capital Group Asia subsidiary. In an announcement, leading global media and communications investment firm Saban Capital Group disclosed that its fully owned subsidiary Saban Capital Group (Asia) Pte Ltd.
Blackstone is in the process of selling Barker Block in Los Angeles. Blackstone Group LP is in the process of selling off its London West Hollywood hotel property to maximize the benefits provided by the surging Los Angeles lodging market.
EBRD announces the purchase of 5.75% share in chemicals maker Azoty Tarnow. The European Board for Reconstruction and Development's Board of Directors has agreed to purchase a 5.
The largest corporate bond issue of the Philippines was recently launched by San Miguel Corp. The Philippines' most diversified corporation, San Miguel Corporation has raised a US$800 million through a ten year bond issue.
Polyus Raises nearly US$750 million through a bond issue. Polyus Gold, the biggest gold miner in Russia, has raised nearly US$750 million through a seven year Eurobond issue.
According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.
The PCL Infrastructure Fund IPO increased by 17.6% from its unveiling price. The PCL Infrastructure Fund of BTS Group Holdings increased by 17. 6% during its trading debut last Friday.
The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.
