Oversea-Chinese Banking Corp., Singapore’s second-biggest bank, and its insurance unit received an offer for their S$2.7 billion ($2.1 billion) stakes in a drinks maker and a brewery partly owned by Heineken NV.
Hong Kong Exchanges & Clearing Ltd.’s bid for the London Metal Exchange, the most expensive bourse merger over $1 billion, may succeed in gaining the approval of regulators who’ve scuttled $32 billion of similar cross-border deals.
Chow Chung-Kong, the former chief executive officer of subway operator MTR Corp. who was named to Hong Kong Exchanges & Clearing Ltd.’s board this week, said his fellow directors will decide if he is the next chairman.
DBS Group Holdings Ltd. offered to buy PT Bank Danamon Indonesia for about $7.2 billion, the biggest takeover by a Southeast Asian lender, to tap a market growing at the fastest pace since before the 1997 Asian crisis.
Hong Kong Exchanges & Clearing Ltd. ’s shares slumped the most in almost 21 months after Deutsche Boerse AG and NYSE Euronext announced talks over a deal that would create the world’s biggest exchange.