Author: PageOne

Australia’s CBA sells 80% stake in PT Commonwealth Life
Global

Australia’s CBA sells 80% stake in PT Commonwealth Life

Commonwealth Bank has today announced the sale of its 80% interest in its Indonesian life insurance business, PT Commonwealth Life to FWD Group. As part of the Transaction, CBA’s Indonesian banking business, PT Bank Commonwealth (PTBC), will enter into a 15-year life insurance distribution partnership with FWD. PTCL customers will […]

Kinnevik, Temasek invest in GoEuro
Tech

Kinnevik, Temasek invest in GoEuro

Kinnevik AB today announced that it has invested SEK 443m in GoEuro, the leading booking platform for transport across Europe. The Swedish technology investor said in a statement that the investment was made in partnership with Temasek, the Singapore based investment company. GoEuro is a travel platform that allows customers […]

Total, CNOOC amends gas purchase agreement
Energy

Total, CNOOC amends gas purchase agreement

Total and CNOOC1 have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced […]

Vontobel, Lombard enters wealth management JV in North America
Global

Vontobel, Lombard enters wealth management JV in North America

Vontobel and Lombard Odier announced a strategic wealth management partnership for international US-based private clients today. Vontobel said in a statement that Lombard Odier’s US-based private clients will in future be advised by Vontobel Swiss Wealth Advisors AG (VSWA), a wholly-owned subsidiary of Swiss family-owned and listed company Vontobel Holding […]

Coca-Cola names two new Group Presidents
Global

Coca-Cola names two new Group Presidents

The Coca-Cola Company has announced new roles for four operational leaders, including the naming of two new group presidents. The company also announced the creation of a Global Ventures position. The promotions are a follow-up to an earlier announcement about the company’s election of a new president and chief operating […]