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Corporate Financing Week provides complete coverage of M&A activity, IPOs, privatisations, equity and debt financing across US and global markets, with news and analysis on all the key breaking deals, leveraging off Business Monitor's award winning Country Risk and Industry analysis. For over 30 years, Corporate Financing Week (CFW) has been the recognised source for competitive intelligence on corporations' capital-raising and M&A plans.

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Latest Stories
Asia

Finance / Australia

Australian soft drinks major Coca-Cola Amatil (CCA) has turned down an AUD7.6bn (US$4.92bn) merger offering from compatriot brewing giant Lion Nathan. The offer by Lion Nathan, which is 46%-owned by Japanese brewery Kirin, has been rejected by CCA's 30%-owner The Coca-Cola Company (TCCC). The US behemoth is thought to be both displeased with the offer price and unhappy about the... 2008-11-20


Finance / Japan

At first glance, it would appear that Japanese banks are in a prime position to engage in a global spending spree. They have largely avoided the worst ravages of the credit crunch,... 2008-11-20


Finance / Japan

The announcement by Japanese video game maker Koei on November 18 that it plans to take over rival Tecmo is the latest offer in an industry which has seen numerous deals over the... 2008-11-19

Europe

Finance / United Kingdom

UK-based Premier Foods has revealed that it would consider selling some of its non-core businesses as it looks to pay down the massive debts it built up through a series of acquisitions over the last two years. The news comes after Premier announced that it had reached an agreement with its lenders to delay a test of its banking covenants, due on December 31 2008, until March... 2008-11-20


Finance / Spain

Monterrey-based Cemex, the world's third-largest cement maker, announced on November 7 that it plans to sell its Canary Islands operations to Spanish investment firm Cimpor Inversiones.... 2008-11-13


Finance / France

France's Lafarge, the world's largest cement maker, announced on November 4 that it is selling its operations in Italy to Sacci. The Rome-based family owned company will pay EUR290mn... 2008-11-06

Latin America

Finance / Brazil

In a BRL389.1bn (US$17.7bn) move that will create the largest financial group in Latin America, Brazilian bank Itau confirmed on November 5 that it will acquire its smaller rival Unibanco. The new company, Unibanco Holding, will boast total assets of BRL575.1bn (US$265bn), easily surpassing the current number one Banco do Brasil and privately held Banco Bradesco. Under the terms... 2008-11-06


Finance / Brazil

Japanese exploration group Inpex has received regulatory approval to acquire half of Royal Dutch Shell's 40% stake in Block BM-C-31 in the Campos Basin offshore Brazil. The price... 2008-11-05


Finance / Peru

Vancouver, Canada-based Cardero Resource has sold its Peruvian Iron Ore property to Nanjinzhao Group. The privately owned Chinese company will pay an initial US$10mn and then a final... 2008-10-30

Middle East & Africa

Finance / Saudi Arabia

Leading Saudi Arabian dairy company Almarai has made an offer to take over local company Hail Agricultural Development (HADCO) in a share-swap deal. Almarai, which is the Gulf's largest dairy firm by market value, has offered Hadco shareholders one new Almarai share for every six shares they hold, according to an official statement. The offer therefore represents a 29% premium... 2008-11-11


Finance / South Africa

South Africa's Johannesburg Stock Exchange (JSE) has made a conditional offer to acquire the entire share capital of the Bond Exchange of SA (BESA) for ZAR173.2mn (US$16.5mn). The... 2008-10-30


Finance / Kenya

Kenya's Co-operative Bank is to press on with its initial public offering (IPO) despite the slump in the Nairobi bourse (NSE). The bank, the country's fifth-largest, plans to go public... 2008-10-29

North America

Finance / United States

Bermuda-based bond insurer Assured Guaranty (AGO) got a rare bargain on November 14, when it snapped up Financial Security Assurance (FSA), the troubled monoline insurance subsidiary of Franco-Belgium financial services group Dexia, for roughly half the firm's net value. AGO stock rose by 15% on news of the deal, which will see the firm virtually double the size of its financial... 2008-11-20


Finance / United States

On November 18 Belgian brewing giant InBev sealed the takeover of US-based Anheuser-Busch for US$52bn to create the world's largest brewer. The enlarged company will now be known... 2008-11-20


Finance / United States

The US government's ability to shock has apparently gone out of the window. Hank Paulson recanted on the central purpose of the Troubled Asset Recovery Plan (TARP): using $700bn (actually,... 2008-11-18