Korea M&A Corporation

Zeria Pharmaceutical Co., a Japanese drugmaker, agreed to buy Switzerland’s Tillotts Pharma AG for 136 million Swiss francs ($128 million), gaining some rights for a medicine to treat ulcers in the rectum and colon. Zeria will get rights to sell the drug Asacol in 53 countries in Europe and the Middle East, the Tokyo-based company said in a statement today. The agreement with closely held Tillot..

HONG KONG — The Royal Bank of Scotland sold parts of its Asian operations to a rival, the Australia and New Zealand Banking Group, on Tuesday for $550 million, a move that helped the stricken British lender raise much-needed cash and allowed ANZ to broaden its profile in Asia. ANZ, one of Australia’s four largest banks, is buying Royal Bank of Scotland’s retail, wealth and commercial businesses ..

Elpida Memory Inc. of Japan will take over Qimonda AG's graphics business, the German-based memory chip maker's bankruptcy administrator said Thursday. Administrator Michael Jaffe gave no details of the value of the transaction, which will see Elpida take over Munich-based Qimonda's Graphics Double Data Rate technology. The deal "maintains development capacities and highly qualified jobs at the ..

LG Chem has consolidated its position as a global power in car batteries, in a deal with carmaker General Motors for its eco-friendly vehicle, Volt. Samsung SDI is following up with its own major deal with BMW, a German premier carmaker. The two firms' contracts are different in scope and size, but it is clear that they both understand where their next cash cows lie. It is a foregone conclusion ..

A report Wednesday said Chinese authorities are preparing for the stock market listing of foreign companies next year, in comments that come as HSBC Holdings PLC says it is hoping to be among the first in line. HSBC Asia-Pacific Chief Executive Sandy Flockhart beats a drum marking the opening of a branch in China's Shandong province last month. Shanghai Vice Mayor Tu Guangshao, the city's top ec..

SK Telecom (SKT) is planning to sell all of its 15.3% shares of Virgin Mobiles USA for the pure investment purposes with Sprint acquiring Virgin Mobile USA. The 15.3% of shares are converted into a dismal 0.53% shares after Sprint's acquisition and this kills the South Korean global operator's strategic importance to Sprint. SK Telecom's future attempts to acquire any significant operator will d..