DBS Group announces purchase of Dao Heng to skeptical investors

Article Abstract:

DBS Group Holdings has acquired Dao Heng Bank Group of Hong Kong for as much as US$5.7 billion (6.42 billion euros). The deal will give DBS a strong presence in a major financial hub in the region.

Commercial Banks, Commercial Banking, Foreign operations, Banking industry, DBS Group Holdings Ltd., Dao Heng Bank Ltd.

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EU agrees to let Hutchison, partners take control of port

Article Abstract:

Hutchison Whampoa Ltd. has won a battle with the EU to take a share of Europe Combined Terminals B.V., Europe's busiest port, but only after a series of concessions targeted at easing fears that the Hong Kong-based company would have too much control over container traffic in Europe.

Diversified Companies, Netherlands, European Union, Asia, Europe Combined Terminals B.V.

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Hutchison to sell 20% of ports unit to an Asian rival

Article Abstract:

Hutchison Whampoa Ltd. of Hong Kong is to divest a 20 percent stake to PSA International Private Ltd. of Singapore for $4.39 billion. The divestment of interest in Hutchison Whampoa Ltd.'s ports subsidiary would create inroads in China and help boost the market share of its cell phone company.

Financial management, Communications, Broadcasting and Telecommunications, Telephone Communication, Marine cargo handling, Stevedoring, Finance, Telecommunications services industry, Telecommunications industry, Company acquisition/merger, Communications industry, Marine cargo handling industry, Company financing, Company overview, PSA International Private Ltd.

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