State-owned Japan Post on Monday set prices for separate initial public offerings of its bank and insurance arms at the top of their ranges, indicating strong demand from retail investors for businesses valued at a combined $65 billion. In what …
Canada’s Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down …
Ping An Insurance (Group) Co., China’s second-largest insurer, said it will raise HK$36.8 billion ($4.75 billion) in Hong Kong’s biggest share sale in almost two years to replenish equity and working capital. The company will sell 594 million new H …
ING Groep NV plans to sell shares of its former U.S. insurance unit, Voya Financial Inc., reducing the bank’s stake to 19 percent from about 32.5 percent. ING, the biggest Dutch bank, is selling 34.5 million shares in New York-based …
ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of shares. ING …
RSA Insurance Group Plc confirmed reports that it plans to raise £775 million ($1.3 billion) in a share sale and scrapped its final dividend to replenish capital depleted by a scandal at its Irish unit and appease bond-rating companies. The …
The Netherland’s based ING Groep NV has agreed to a deal with European regulators on when it will repay the remaining €3 billion ($3.84 billion) it still owes in state aid. The bank, which fell afoul of EU laws when …
Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in London’s first big retail share offering for six years, although some potential investors are unconvinced. “The appetite has been really …
of American International Group Inc. fell 3.6 percent Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of AIG stock. The Treasury sold 200 million shares, reducing its stake in the company to 77 percent from 92 …
American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to manage the sale of the government’s 92 percent stake in the insurer, a person familiar with the situation …
