Korea M&A Corporation

Credit Agricole SA (CAGR.PA: Quote, Profile, Research) will pay $570 million to lift its stake in Japan's Resona Holdings (8308.T: Quote, Profile, Research) to nearly 4 percent, as the French bank looks to build up its presence in the world's second-largest economy. Credit Agricole, which has been working with Resona since 2002, will buy 50 billion yen ($570 million) worth of Resona's common sha..

SYDNEY, Dec 18 (Reuters) - China's steel industry extended its reach into Australia's rich iron ore mines on Thursday as No. 3 mill Wuhan Iron & Steel (Group) Co agreed to buy half of five projects owned by Centrex Metals Ltd (CXM.AX: Quote, Profile, Research) for $126 million. Wuhan, an integrated steelmaker that already operates iron ore mines in China, will also pay an additional A$9.7 millio..

Intel, the world’s largest chip maker, records most of its profit from its core business, the microprocessors that serve as the brains of most computers. But the company’s side venture in flash memory — which is used to store songs on digital music players and photos on digital cameras — has been another story. Although Intel does not disclose financial details of the business, flash-based stora..

Morgan Stanley soared 85 percent in New York trading after the firm sealed its $9 billion investment from Mitsubishi UFJ Financial Group Inc., giving the Japanese bank preferred stock paying a 10 percent dividend. Mitsubishi UFJ, Japan's biggest lender, will get 21 percent of the New York-based company as previously agreed, the firms said today in a joint statement. Terms were renegotiated becau..

Bank of China on Thursday agreed to acquire a 20 per cent stake in a French financial services company controlled by a leading member of the Rothschild family, a sign that Chinese financial institutions are willing to invest in western assets despite the current state of the market. Confirming an earlier report by FT.com, the bank said in a statement that it would pay Rmb2.2bn (€236m, $330m) for..

Baird, the US-based investment bank and asset manager, is to expand its China business in a move that highlights the growing opportunities for mid-sized banks seeking to service deal activity involving mid-market Asian companies. Milwaukee-based Baird will on Monday announce the launch of investment banking operations in Asia with the hiring of Anthony Yan-Hong Siu, a former senior banker at Sta..

Asia’s sovereign wealth funds may be loaded, but they don’t need long memories to recall the big losses they’ve suffered on seemingly sure-thing investments in Wall Street’s troubled banks. So with reports that Lehman Brothers came up empty in efforts to win funds from top Chinese brokerage CITIC Securities and state-owned Korea Development Bank, it’s anybody’s guess where it will come up with t..

Tata Communications has signed an equity joint venture agreement with the shareholders of China Enterprise Communications (CEC) for the acquisition of a 50% equity interest in CEC. The joint venture, which will become effective after the necessary approvals from the relevant government and regulatory bodies in China are obtained, will be the first of its kind in the Chinese telecoms sector. ‘The..

Singapore Technologies Telemedia (ST Telemedia), a wholly-owned unit of state-linked investment firm Temasek Holdings, said over the weekend that it has sold its interest in Indonesian telecommunications company PT Indosat to business partner Qatar Telecom (Qtel). Qatar Telecom will pay $1.8 billion for the 40.8 percent stake in Indosat held by Asia Mobile Holdings, a joint venture between Qtel ..

Xtep International Holdings Ltd., a Chinese sportswear company 10 percent owned by Carlyle Group, may raise HK$3.03 billion ($388 million) from a Hong Kong initial public offering, said two people familiar with the plan. The maker and distributor of athletic shoes and clothing based in the eastern Chinese city of Quanzhou plans to sell 550 million shares, a 25 percent stake, at HK$4.05 to HK$5.5..

SINGAPORE (Thomson Financial) - The Government of Singapore Investment Corp. (GIC) said on Tuesday its private equity investment arm GIC Special Investments (GIC SI) has invested $400 million for an 11 percent stake in U.S.-based energy infrastructure company AEI. 'GIC SI views its investment in AEI as gaining exposure to the growing energy infrastructure market in developing countries,' a GIC s..

China COSCO Holdings Company Limited (SEHK: 1919) announced a private placement of 1,300 million A shares to no more than ten designated investors including its parent China Ocean Shipping (Group) Co. on September 3, 2007. The company will issue 864,270,817 shares at CNY 18.49 per share to China Ocean Shipping (Group) Co. for gross proceeds of CNY 15,980.367 million in its first tranche. The com..

China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) - BEIJING, Dec 2 - China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) stake to Baosteel Group, the lender said in a filing to the Shenzhen Stock Exchange. The private placement would consist of 120 million shares set at a price of 35.15 yuan per share. That compares with..