South African insurance major MMI Holdings Ltd suffered drop of 9.8 percent in its profit for the year ending June following the market volatility, economy slowdown and inflation rise. Cape Town-based MMI Holdings is the third largest insurance company in South Africa. The company's net income eased from rand 3.3 billion to rand 2.98billion. Earnings per share (EPS) dropped 11 percent to rand 1.81.
Aditya Birla Group
Breaking News
India's diversified Aditya Birla Group has submitted a bid for the Brazilian and the Philippine assets of cement industry leaders Lafarge (LAFP.PA) and Holcim (HOLN.VX), two persons directly involved in the transaction said.
Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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