Blackstone Group LP offered to pay 43 million euros ($58 million) for a portfolio of homes in Spain being sold by the country’s bad bank as the U.S. private-equity firm builds its rental business in the country, according to two people with knowledge of the matter.
Ma Sin-chi, a Deutsche Bank AG managing director in Hong Kong, was charged with accepting HK$24.8 million ($3.2 million) in bribes in exchange for advice on the trading of derivative warrants issued by the bank.
United Biscuits, owner of McVitie’s and Jacob’s snacks brands, began raising 725 million pounds ($1.1 billion) of senior loans to replace its debt facilities after selling its KP Snacks unit earlier this year.
Irving Picard, the trustee overseeing the bankruptcy of Bernard Madoff’s investment firm, spent $26.9 million in the six months ended Sept. 30 while recovering $849,000 for victims of Madoff’s Ponzi scheme, according to a report filed in Manhattan federal court.
Mivisa Group, the Spanish food-can maker partly owned by Blackstone Group LP, got lenders to agree to a 145 million-euro ($187 million) loan to pay its owner a dividend, according to three people familiar with the matter.