First City Monument Bank Limited (FCMB) has signed a $150 million senior unsecured term loan facility with Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial Mandated Lead Arrangers and Bookrunners. The transaction marks FCMB’s debut facility in the syndicated loan market. The facility, which was pre-funded by Commerzbank AG […]
Business News
Heineken raises stake in India’s United Breweries for $45.8 million
Heineken NV (HEIN.AS), the world’s third largest brewer, bought an additional 1.3 percent stake in India’s United Breweries (UBBW.NS) for 2.8 billion rupees ($45.8 million) on the stock market, the National Stock Exchange data showed. Heineken, which currently owns 3.2 percent stake in United Breweries, bought 3.5 million shares at […]
GM CEO Akerson to exit in January, Barra to take his place
General Motors Co on Tuesday said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company’s global product development chief, marking the first time a major U.S. automaker has been led by a woman. The company said in a statement that Akerson, who […]
