Citigroup to Sell China Consumer Wealth Business to HSBC

Oct 9 Reuters Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management AUM and deposits, to Asiafocused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about 3.6 billion, and is expected to close in the first half of 2024. Financial details […]
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GSK Signs Shingles Vaccine Deal with Chinas Zhifei for around 3B

LONDONSHANGHAI Oct 9 Reuters China39;s largest vaccines company Zhifei will pay British drugmaker GSK 2.5 billion pounds 3.05 billion pound for the exclusive rights to distribute GSK39;s shingles vaccine in the world39;s No.2 pharmaceuticals market. The deal is one of a series of moves by western pharmaceutical firms to seize a bigger share of China39;s market, including […]
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Birkenstock Eyes Pricing IPO at Top of Range, Sources Say

NEW YORK, Reuters Birkenstock Holding has secured enough commitments from investors to price its U.S. initial public offering IPO at the top of its indicated range and attain a 10 billion valuation, according to people familiar with the matter. The German premium footwear company will make a final decision on pricing its IPO at the top of its 44to49pershare […]
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