Posts From King World News

Sun Life to buy investment management firm Prime Advisors

(Reuters) – Canadian insurer Sun Life Financial Inc said it would buy investment management company Prime Advisors Inc to expand its asset management portfolio. Toronto-based Sun Life did not disclose the value of the deal. The company bought New York-based Ryan Labs Asset Management in January to win more business from U.S. pension funds and other institutional investors. Sun Life followed that up last month with the C$560 million acquisition

New Gold to Discuss 2015 Second Quarter Financial Results on Wednesday, July 29, 2015

[PR Newswire] – TORONTO, June 30, 2015 /PRNewswire/ – New Gold Inc. (“New Gold”) (NGD) (NYSE MKT:NGD) plans to release its second quarter 2015 financial results after market close on Tuesday, July 28, 2015. You may also listen to the conference call by calling toll free 1-888-231-8191, or 1-647-427-7450 outside of the U.S. and Canada. A recorded playback of the conference call will be available until August 31, 2015 by

Nigeria's Oando to sell 60 pct of downstream business for $276 mln

LAGOS (Reuters) – Nigeria’s Oando has agreed to sell a 60 percent stake in its downstream business to a consortium of investors including Vitol for $276 million, the energy company said on Tuesday. Oando, which is transitioning from being a marketer of refined petroleum products into an oil and gas explorer, completed the acquisition of ConocoPhillips’s upstream oil and gas business in Nigeria last year.