Bakrie’s Visi Media surges on takeover offer

Bakrie’s Visi Media surges on takeover offer

Reuters 31 March 2103 Shares in PT Visi Media Asia Tbk, controlled by the politically connected Bakrie family, jumped as much as 20.4 percent on Monday after the company received takeover proposal from Indonesia-based CT Corp. Indonesia’s fifth-richest man...
MTS Buys Bank Stake

MTS Buys Bank Stake

MOSCOW, March 29 (Reuters) – Russia’s top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank. The deal was concluded in accordance...