Generali Enters Talks to Buy Credit Agricole Unit
Assicurazioni Generali has entered into exclusive talks with Credit Agricole to buy the French bank’s subsidiary La Medicale, as part of plans to expand its European non-life and health insurance businesses. According to a statement by the Italian insurer, the talks...
SIA Trims 1H Loss to $617mn; VTL Boosts Revenues to $2.1bn
Singapore national carrier Singapore Airlines (SIA) reported improving numbers for H2 ended September with revenues rising 73% YoY to S$2.83bn ($2.09bn), and operating and net loss narrowing 66.8% and 75.9% to S$619.4mn ($457mn) and S$836.8mn ($617.5mn) respectively....
FWD’s NYSE IPO Said to Stall
According to Bloomberg sources, FWD Group Holdings’ IPO is said to stall amid regulatory concerns over “the long arm of the Chinese government”. The Asian insurance group has yet to secure the final approval from the US SEC for the listing. In addition, the SEC...
ESR REIT Plans SGD Perp as part of ARA LOGOS Acquisition Plan
ESR REIT is expected to issue new debt including an SGD-denominated Perp as part of its ARA Logos acquisition plan as per IFR. ESR REIT plans to refinance all of ARA Logos’ existing debt plus related interest rate swaps worth ~S$87.9mn ($65.3mn), as well as...
