Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
Sectors
AXA PE Sells Off Interest
AXA PE sells off its shareholdings in Duplomatico Oleodinamica. AXA Private Equity has sold its interest in Duplomatic Oleodinamica, the Italian industrial supplier to Progressio SGR.
Latest Bid Lowballs Billabong Value
The latest bid is now subject to exclusive talks between Billabong and Naude-Sycamore consortium. Billabong International Ltd, the Australian surfwear company is now entering a ten (10) days of exclusive discussions with a consortium for a takeover bid.
Hutchison Whampoa to purchase shares
Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
Ericsson Completes Microsoft IPTV Business
Ericsson has purchased Mediaroom IPTV from Microsoft for an undisclosed amount. Ericsson, the telecommunications equipment manufacturer from Sweden has formalized a deal to purchase Mediaroom IPTV from Microsoft.
Latest News
By selling off its 7.4% shareholdings in EADS, Lagardare exits from the ownership structure of EADS.
The purchase of Enmax Envision by Shaw Communications expands fiber optic capability. Shaw Communications Inc has acquired ENMAX Envision Inc from its parent ENMAX Corporation.
GE enters into a jv with Enel Green for Buffalo Dunes Wind Farm. US conglomerate General Electric Co would be providing both financial capital and technological capbility for the 250 megawatt Buffalo Dunes wnd farm located in Kansas.
The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.
The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.
Infinity announces the acquisition of AHC Southwest and Advanced Homecare. Infinity Homecare announced the acquisition of AHC Southwest and Advanced Homecare as already complete.
Silverfleet Capital purchases Ipes. European private equity firm Silverfleet Capital has entered into an agreement with Ipes, one of Europe's providers for fund administration and outsourcing services.
MMC London Fund established for GBP11 million for specific areas of development. MMC Ventures recently lands a tender to launch the MMC London Fund. The fund is worth GBP11 million or US$16.
New investment company Doha Global Investment Company's planned public offering in May is expected to spur selling on Qatar's bourse as investors increase their liquidity for the IPO.
