UBS to sell Austrian wealth business to LGT

UBS to sell Austrian wealth business to LGT

UBS is selling its domestic Austrian wealth management business to Liechenstein-based private bank LGT, the Swiss banking giant said on Wednesday. Terms were not disclosed for selling the business, which has just under 5 billion euros ($6.09 billion) in managed assets...
Vedanta to raise $8 bn for BPCL bid

Vedanta to raise $8 bn for BPCL bid

Billionaire Anil Agarwal’s Vedanta group plans to raise as much as $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL), two people directly aware of the talks with investors and banks said....