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April 22, 2024
Financial conglomerate Macquarie Group said on Monday its banking and financial services unit will cease to offer new car loans through direct, broker and novated lease channels in a bid to prioritise...
April 9, 2024
Blackstone Inc is closing in on a deal to take Hong Kong-listed skincare company LOccitane International SA private, Bloomberg News reported on Tuesday, citing people familiar with the matter. ...
April 9, 2024
(Reuters) -Blackstone Inc is closing in on a deal to take Hong Kong-listed skincare company L'Occitane International SA private, Bloomberg News reported on Tuesday, citing people familiar with the matter. The $5.55-billion French cosmetics company halted trading in its Hong Kong shares earlier in the day ahead of a likely announcement spelling out details on any takeover plans. The U.S. private equity giant may join hands with L'Occitane's billionaire owner Reinold Geiger, accor...
April 9, 2024
(Reuters) -HSBC Holdings said on Tuesday it will sell its Argentina business and record a $1 billion pre-tax loss from the divestment in the first quarter of fiscal 2024 as the lender moves to sharpen its focus on Asia. HSBC will sell the business, which covers banking, asset management and insurance and $100 million in subordinated debt, to Grupo Financiero Galicia for $550 million, according to a statement. Buenos Aires-based Galicia is Argentina's fifth largest bank.
April 8, 2024
APM Human Services top shareholder, Madison Dearborn Partners, on Monday offered to buy the 71% of the Australian employment services firm it does not own for A$910.4 million , an offer the...
April 5, 2024
A consortium comprising financial conglomerate Macquarie is buying a part of Digi Communication NVs fiber networks in Spain for up to 750 million euros , the Bucharest-based operator said on Friday. ...
April 3, 2024
The ethics adviser to Norways $1.6 trillion sovereign-wealth fund is assessing whether to recommend the investor to divest its multi-billion dollar stake in mining giant Rio Tinto for environmental...
April 3, 2024
The ethics adviser to Norways $1.6 trillion sovereign-wealth fund is assessing whether to recommend the investor to divest its multi-billion dollar stake in mining giant Rio Tinto for environmental...
March 25, 2024
Chinese developer Shimao Group on Monday laid out a restructuring proposal to repay its offshore debt, joining a slew of property firms in China to try to revamp its debt. (Reporting by Rishav...
March 13, 2024
SYDNEY (Reuters) -Singapore Telecommunications (SingTel) is looking to sell a significant stake in its wholly owned Australian unit Optus to Canadian private equity giant Brookfield, a source with direct knowledge of the matter said on Wednesday. Southeast Asia's largest telco operator is in advanced talks with Brookfield over the stake sale, the source said, declining to be named as the information is not public yet. Earlier on Wednesday, SingTel dismissed a report by the Australian Fina...