Russia’s Mostotrest to buy stake in road building firm

Nov 14, 2012 | News

Reuters 12 November 2012 Russia’s largest bridge builder Mostotrest has agreed to buy a 50 percent stake in North-West Concession Company (NWCC) for 7.8 billion roubles ($245 million) to diversify its operations, the company said on Monday. Mostotrest said that...

L&T may buy entire stake in Audco

Sep 1, 2012 | India, News

Livemint.com 17 August 2012 India’s biggest engineering and construction conglomerate Larsen and Toubro Ltd (L&T) is planning to acquire the entire stake of US-based Flowserve Corp. in their 50:50 joint venture (JV) Audco India Ltd, according to an internal...