KeyBanc Capital Markets Inc. recently announced the appointment of Mario Toukan as head of the chemicals practice. Prior to assuming this role, Toukan spent 13 years as an M&A focused banker and served as KeyBanc Capital Markets’ ...
According to the Federation of Pakistan Chambers of Commerce and Industry, Pakistani oil and gas companies can operate comfortably in Indonesia and make reasonable profits. Mr Atif Ikram Sheikh chairman of FPCCI coordination Islamabad ...
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
Western Financial has bought BC Yacht Insurance Brokers (BC Yacht), Sidney's only specialized marine insurance brokerage for an undisclosed sum. With the acquisition of Sidney headquartered BC Yacht, Western Financial has acquired two ...
Tags: Western Financial, BC Yacht Insurance Brokers, marine insurance
Environment Minister Corrado Clini said Tuesday that the government was ready to take on prosecutors in order to keep the troubled ILVA steel plant in the southern city of Taranto open. ILVA said Monday's court order for the seizure of ...
Tags: ILVA, steel plant, tumours, respiratory diseases
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
Insurance firm MetLife has inked an agreement to dispose of its nearly $70bn mortgage servicing portfolio to US based JPMorgan Chase Bank, for an undisclosed sum. Subject to certain regulatory approvals and other customary closing ...
Tags: MetLife, mortgage service, JPMorgan Chase Bank, MetLife Bank
The Federal Reserve Bank of New York (New York Fed) has completed the sale of the remaining securities in the Maiden Lane III (ML III) portfolio. The apex banking regulator said that it garnered a net gain for the benefit of the public of ...
Tags: New York Fed, remaining securities, Maiden Lane III, finance
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
Banking on capacity enhancement and soaring prices of petrochemical products, Thailand’s fourth largest petrochemical company, IRPC PCL foresees a rise in its turnover in 2013. The company enhanced its production capacity of ...
Tags: petrochemical products, petrochemical company, propylene
Financially-troubled paper company Paperlinx has sold its US paper businesses Spicers Paper and Kelly Paper for US$76 million. Both divisions have been acquired by Central National-Gottesman (CNG), which owns the complementary Lindenmeyr ...
Second edition of Milano Unica Cina closed in Shanghai. It was organized in collaboration with ICE, the Italian Agency for Foreign Trade, which promotes the internationalization of Italian businesses, and held in the context of ...
Tags: Foreign Trade, textile trade fair