Aug 20, 2013 | Central & Eastern Europe, News, Russia
Moscow Times Rostelecom has launched a 30 billion ruble ($909 million) buyback offer for about 30 percent of the shares held by minority investors, news stories said Friday, citing sources close to the firm. Reports of the buyout, on which the state-controlled firm...
Aug 19, 2013 | News, Southeast Asia, Western Europe
Reuters 16 August 2013 Malaysian state-owned utility Tenaga Nasional Bhd is seeking 1 billion euros ($1.33 billion) in financing to back a bid for Ireland’s Bord Gais Energy, Basis Point reported on Friday, citing bank sources. Several unnamed international and...
Aug 19, 2013 | East Asia, News, Oceania
Reuters 15 Aug. 2013 Taiwan’s Formosa Plastics Group has agreed to invest $1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group and China’s Baoshan Iron & Steel. Formosa, which...
Aug 19, 2013 | China, East Asia, News, Western Europe
PR Newswire 16 Aug. 2013 WRG Creative Communication, the No. 1 rated agency, has acquired Hong Kong-based Serious Events, the event management business of Serious Staging, to gain a foothold in China, the world’s second-largest economy. Serious Events is a live...
Aug 18, 2013 | Central & Eastern Europe, News, Russia, Western Europe
The Moscow Times The founder and main shareholder of Moscow-based private equity firm ICT Group, Alexander Nesis, is part of a consortium of investors that has bought a 33 percent stake in Greek gambling monopoly Opap in that country’s largest ever...
Aug 18, 2013 | China, East Asia, News, North America, Western Europe
Financial News US investment bank Goldman Sachs Group Inc is currently the top contender to buy most of the USD1.5bn stake in China’s Huarong Asset Management Corp that is offered for sale ahead of a 2014 IPO, two sources told the Financial Times. Morgan Stanley and...
