Blackstone, Prologis Acquire Industrial PortfolioComments OffBlackstone Group LP (BX) and industrial landlord Prologis Inc. (PLD) agreed to acquire a warehouse portfolio that is majority owned by Lehman Brothers for $960 million, people familiar with the matter said Wednesday. |
ICBC Promotes Vice President to PresidentComments OffIndustrial & Commercial Bank of China Ltd. (1398.HK), China’s largest bank by assets, has appointed vice president Yi Huiman as president, replacing Yang Kaisheng who will retire. |
AEA Investors Hires Banks for CPG International Sale: Sources -ReutersComments OffBuilding products maker CPG International may be sold by its private equity owner, AEA Investors LP, for between $1 billion and $1.5 billion, the Reuters news agency said Wednesday on its website, citing three unnamed people familiar with the matter. |
ICBC, China’s Largest Bank by Assets, Promotes Vice President to PresidentComments OffIndustrial & Commercial Bank of China Ltd. (1398.HK), China’s largest bank by assets, has appointed vice president Yi Huiman as president, replacing Yang Kaisheng who will retire. |
Ford to close Australia auto plants: reportsComments OffFord Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday. |
