Unit
-
Vodafone Sells Italian Unit To Swisscom For 8 Bn Euros
British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group’s European…
-
UBS starts job cuts at Asia wealth unit after profit slump
UBS Group started cutting jobs at its Asia private banking division this week as a slump in profits weighs on the region’s largest wealth manager, according to people familiar with…
-
Olam food ingredients unit ofi secures US$500 million financing
OLAM Group’s food ingredients unit ofi has bagged export credit agency -linked financing of about US$500 million, said the group on Tuesday (Mar 12). The facility, comprising of a five-year…
-
Unit of CapitaLand Ascott Reit trustee issues S$120 million of 3.7% notes due in 2029
THE managers of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott Reit) and CapitaLand Ascott Business Trust said on Friday (Mar 8) that Ascott Reit MTN – a wholly-owned subsidiary…
-
Sembcorp enters utility-scale solar development in Indonesia through JV with local unit
SEMBCORP Industries marked its entry into utility-scale solar development in Indonesia through a joint venture (JV) with a unit linked to PLN, an Indonesian government-owned utilities corporation. The deal involves…
-
Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its staff at its asset management business unit in China, two people with direct knowledge of the matter said, as…
-
Intel sees AI opportunity for standalone programmable chip unit
ARTIFICIAL intelligence (AI) offers a growing and potentially lucrative opportunity for Intel’s freshly standalone programmable chip unit, its CEO Sandra Rivera said. Intel’s programmable chip unit began operating as a…
-
Shell’s US solar unit launches asset sale: sources
SHELL’S United States solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends…
-
Vodafone In Talks To Sell Italian Unit To Swisscom
British telecoms giant Vodafone is in advanced talks to sell its Italian unit to Switzerland’s Swisscom, agreeing on a preliminary price of eight billion euros ($8.7 billion), the companies said…
-
Chipmaker Broadcom sells remote-access unit to KKR in US$4 billion deal
CHIPMAKER Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a US$4-billion deal to streamline its portfolio after…
-
Lippo unit under police probe over alleged fraud in case involving UOB loans
LIPPO Group is currently awaiting a court verdict on the amount of damages it has to pay UOB after a long legal battle which started in 2014, and the Indonesian…
-
Aspial Lifestyle unit ups stake in property debt investment platform BigFundr to 70% from 15%
ASPIAL Lifestyle’s fully-owned subsidiary Maxi-Cash Capital Management (MCCM) is raising its stake in real estate investment platform BigFundr to 70 per cent from the current 15 per cent. In a…
-
KKR nears US$4 billion deal for Broadcom unit
KKR & Co is nearing a deal worth about US$4 billion to buy a software business from Broadcom, according to people with knowledge of the matter. The acquisition could be…
-
Envy Asset Management liquidators given nod to claw back S$2.3 million from Chuan Hup’s unit
THE liquidators of Envy Asset Management at the heart of US$1.1 billion fraudulent nickel trading have been successful in their legal bid to claw back S$2.3 million from a unit…
-
Putin signs decree allowing HSBC to sell Russian unit to Expobank
RUSSIAN President Vladimir Putin gave approval on Monday (Feb 19) for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself…
