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Tag: finance
Merck sells $2 billion in bonds to finance Sigma-Aldrich acquisition
2015-08-28 14:46:57| Chemicals - Topix.net
Merck KGaA has sold $2.36 billion in bonds, which represents the last major piece of financing needed for its $17 billion acquisition of Sigma-Aldrich . Germany-based Merck said the bond sale was "heavily oversubscribed" and included interest from institutional investors such as fund managers, insurance companies, pension funds and banks.
Tags: finance
billion
acquisition
bonds
VW Finance sees boost from China reserves policy move
2015-08-28 11:09:02| Auto Dealers - Topix.net
When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Along with a cut in benchmark lending rates, the People's Bank of China cut the amount of reserves financial institutions need to hold by half a percentage point, but topped that up to 3.5 percentage points for auto financing.
Tags: policy
china
finance
move
Genpact founder Pramod Bhasin invests in finance firm
2015-08-26 10:33:20| Telecom - Topix.net
Leading back office IT firm Genpact founder Pramod Bhasin and former banker Vikram Gandhi jointly invested Rs.4 crore in Thirumeni Finance Ltd , a social enterprise, funding private schools, the non-banking finance firm announced here on Tuesday. The combined investment of Bhasin and Gandhi is part of Rs.4.7-crore equity the company has raised to complete its Rs.32-crore venture fund raising .
Tags: finance
firm
founder
invests
Snapchat hires Mattel executive as vice president of finance
2015-08-26 04:44:09| Toys - Topix.net
Snapchat increasingly has used its chat and video app to run ads, such as this digital sticker from McDonald's. Snapchat increasingly has used its chat and video app to run ads, such as this digital sticker from McDonald's.
Tags: finance
executive
president
vice
Snapchat Hires Finance Chief
2015-08-26 01:43:17| Toys - Topix.net
Drew Vollero, a former finance executive at toy maker Mattel Inc., is joining Snapchat as vice president of finance and acting chief financial officer, the company told The Wall Street Journal on Tuesday.
Tags: finance
chief
hires
finance chief
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