London based underwriter Aviva has entered into a settlement agreement to transfer its entire holding in Spanish joint venture (JV) Aseval to lender Bankia for 608m (£494m) in cash, which will be held in trust. Pending receipt of ...
Tags: insurer, insurance, cash earnings, Aviva
Further to its announcement of October 22nd2012 Toledo Mining Corporation plc announce that,following final discussions held between 14 and 18 December with DMCI Mining Corporation,the Company has exchanged contracts for the sale of the ...
Tags: Toledo Mining, Nickeline Resources Holdings, Corporation
NEXUS Energy has exercised an option to sell a $75 million stake in the Crux gas and liquids field in Western Australia's offshore Browse Basin to the field's operator, Royal Dutch/Shell. The move will drop Nexus's stake in Crux from 17 ...
Pfleiderer AG filed an insolvency plan with the Düsseldorf District Court on 3 August 2012. Drafted in recent months, the plan indicates that original capital measures will take effect after all with a number of changes. These measures ...
Tags: Pfleiderer AG, nsolvency, Düsseldorf, plan
International insurance brokerage and risk management firm Arthur J Gallagher & Co has purchased a minority stake of 21.3% in Mexcio based insurance broker Casanueva Perez (Grupo CP). Terms and conditions of the transaction have not been ...
Tags: insurance brokerage, risk management, commercial retail property
Taiwan makers of light-emitting diode (LED) products are unlikely to see a recovery in 2013 LED equipment spending due to a lack of investments and an alarming sector-wide cash crunch, warns one industry analyst. Maxim analyst Aaron ...
Tags: Taiwan LED, MOCVD
Swedish telecommunications equipment maker,Ericsson,will take an 8bn Swedish kronor(SEK)($1.2bn)charge in the fourth quarter(Q4)on its stake in the ST-Ericsson joint venture. STMicroelectronics announced earlier this month that it was ...
Tags: Ericsson, ST-Ericsson joint venture, mobile phone chips, acquire
The Ministry of Economic Affairs (MOEA) yesterday approved United Microelectronics Corp.’s application to acquire a 51.85% stake in mainland Chinese chipmaker HeJian Technology (Suzhou) Co., Ltd. for US$175 million. With the ...
Tags: UMC, HeJien Technology, chipmaker
Indian outsourcer Satyam Computer Services said Friday that about 8.22 billion Indian rupees (US$155 million) in its fixed deposit accounts will be frozen for 150 days by India’s Directorate of Enforcement in connection with charges ...
Tags: liquidity, outsourcing, satyam, satyam computer devices
Marissa Mayer, participating in her first Yahoo earnings conference call since becoming CEO, outlined a broad range of areas in which the company needs to improve. “It was an active and solid quarter with some nice ...
Tags: CEO, conference, earnings call, Google, Marissa Mayer, Yahoo
Business Line reported that TATA Housing Development Company has raised INR 300 crore by issuing NCDs. TATA Housing said that the issue was subscribed by IDFC and a top mutual fund and the maturity period for the issuance ranges from 3 to ...
Tags: TATA Housing Development Company, mutual fund, NCD, private placement
Business Line reported that Visa Steel Ltd will close the INR 368 crore transaction with SunCoke Energy Inc for 49% stake in Visa Coke Ltd, its wholly owned subsidiary by January end. Mr Vishal Agarwal CMD of Visa Steel said that the deal ...
Tags: Business Line, Visa Steel, SunCoke Energy, wholly owned subsidiary
Mining.com reported that China's Heilongjiang Heilong Resources Investment is investing AUD 30 million in International Base Metals the owner of the Omitiomire deposit in Namibia which is believed to harbor 700,000 tonnes of copper. The ...
Tags: Copper Mine, Investment, Resources, copper, Acquire
AN investor group has offered $US2.3 billion ($2.18bn) in a takeover bid for business software firm Compuware, saying it has quality assets but has underperformed. Elliott Management Corp, which holds an eight per cent stake in Compuware, ...
Tags: Computer Products, Consumer Electronics, Software Firm, Compuware
The information was given in a written reply by Mr GK Vasan minister of Shipping in Lok Sabha,private investors have gone ahead with plans to set up shipyards in the country.On the West Coast,Pipavav Shipyard has come up with sufficient ...
Tags: Mr GK Vasan, Lok Sabha, shipyards, Pipavav