2013.12
4 executives under anti-graft probe: China Southern Airlines
China Southern Airlines said it reported four middle-ranking executives to authorities after an internal audit uncovered irregularities as China steps up its anti-corruption campaign.
Wipro to buy Opus Capital for $75 mln
Wipro Ltd, India’s No. 3 IT services provider, has agreed to purchase U.S.-based mortgage services provider Opus Capital Markets Consultants LLC for $75 million to boost its offerings for financial services clients.
H&M gets approval to invest $115 mln in India
Swedish retailer Hennes & Mauritz has received final approval from India’s Foreign Investment Promotion Board (FIPB) to invest 7.2 billion rupees ($115.2 million) in the country, according to a government statement on Monday.
Tata Power eyes more purchases in wind and solar push
India’s Tata Power is looking for more acquisitions as part of a $260-million-a-year investment push into renewable energy, following last month’s purchase of a wind farm in western Gujarat from AES Corp, a senior official said.
Take the ALB 2014 In-House Survey
With 2013 winding down to a close, and 2014 beckoning, this is an ideal time to gauge the mood of the in-house lawyers that form such an invaluable part of ALB’s readership, and also find out about the challenges they are facing.
Sumitomo Life acquires stake in Bank Negara unit
Japan’s fourth-largest private life insurer, Sumitomo Life Insurance Co, bought a 40 percent stake in the life insurance unit of PT Bank Negara Indonesia for 4.2 trillion rupiah ($351.10 million), the bank said on Monday.
KKR to buy $200 mln stake in Gland Pharma
India’s Gland Pharma said on Thursday U.S. private equity firm KKR & Co LP had agreed to invest about $200 million to buy a minority stake in the company.
Pertamina, PTTEP buys Hess’ stake in Indonesia oilfields
Indonesia’s Pertamina said on Monday it joined with Thailand’s PTT Exploration and Production (PTTEP) to purchase Hess Corp’s stake in two Indonesian offshore oilfields for $1.3 billion.
Toshiba offers to buy OCZ assets in bankruptcy sale
Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding.
ArcelorMittal, Nippon Steel to buy Thyssen U.S. plant
Arcelormittal and Nippon Steel & Sumitomo Metal Corp agreed to buy ThyssenKrupp’s steel plant in the United States for $1.55 billion, ArcelorMittal said late on Friday.