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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...
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. ...
(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, according to the report.
(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.
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...