The price wasn’t all that great since it was a bit inflated given the hype over the issue. Many buyers may have flipped it in the market. Incidentally, Aramco chose to only issue $12 billion of debt given its focus… Read More ›
sale
Lockheed Martin awarded $2.4 billion contract for sale of THAAD missiles to Saudi Arabia
The development seals the deal which both countries entered into in Nov. 2018 for 44 Terminal High Altitude Area Defense launchers, missiles and related equipment. According to a statement by the Pentagon, Lockheed Martin Corp has been awarded a $2.4… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Cost benefit analysis to strengthen Italy’s hand for a high-speed link between France-Italy
Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations. On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo… Read More ›
The Chinese ‘business model’
There are a growing number of instances where Chinese companies are luring top executives with large sums of money to leak and sell corporate and industrial secrets so that they can set up base in China. Former and past BASF… Read More ›
ABB to sell its Power Grids business to Hitachi
ABB will sell only 80.1% of its stake in the business following which it will revamp its business structure. Zurich-based ABB has reached a deal to sell its Power Grids business to Japan’s Hitachi for an undisclosed amount. In a… Read More ›
Become more competitive before talking of selling stake: French Finance Minister Bruno Le Maire
Bruno Le Maire’s comments come in the wake of Air France-KLM’s Canadian boss telling Air France’s labour unions that they should not depend on the state to bail them out and that the government was prepared to offload its stake… Read More ›
Sale of GlaxoSmithKline India’s 72.5% stake in Indian subsidiary GlaxoSmithKline Consumer Healthcare could fetch upwards of $4 billion
Among the bidders, Coca-Cola, Nestle and Unilever. Given Nestle’s position, and its considerable market presence in the malt-drink sector in India, its synergies matches well for GSK’s Horlick’s brand. According to 4 sources familiar with the matter at hand, Coca-Cola,… Read More ›
Royal Bank of Scotland agrees to pay $4.9 billion to settle probe by the U.S. Justice Department
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
General Electric agrees to sell part of its lighting business for an undisclosed sum
The part sale of GE’s lighting business, which can be traced back to Thomas Edison who co-founded the company more than a century ago, is just the first of many steps to shred-off its non-core assets and focus on just… Read More ›
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