G4S Chief Executive Ashley Almanza had launched several company restructuring moves, including a divestment of its 35 business units.
Africa
Marriott International Inc agrees on purchase of Protea Hospitality Holdings brands
Marriott International Inc signed a deal to buy Cape Town-based Protea Hospitality Holdings for an undisclosed amount.
Woolworths closes Nigerian stores
Due to high costs of operations and low returns, Woolworths opts to close down stores in Nigeria. Woolworths Holdings Ltd. , the food and clothing retailer from South Africa, announced plans for the closure of three of its stores located in Nigeria.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday The following bids, mergers, acquisitions and disposals were reported on Wednesday:Germany's Siemens agreed to sell the bulk of its water technologies business to private equity group AEA Investors for 640 million euros ($862 million).
Zambian government at odds with Konkola Copper Mines
Issues over tax payments and retrenchment of workers caused Konkola Copper Mines to seek court intervention.
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The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
ConocoPhillips sold various oil assets located in Northern America, Asia and Africa. A Reuters report said US oil company ConocoPhillips expected to receive USD8.
Beijing-based wind farm operator China Longyuan Power Group Corp won a bid to jointly develop wind farms with local companies in South Africa.
In nixing the deal to allow the exit of Marathon Oil, a below market offer would be made shortly by the Libya owned NOC for the shareholdings.
News about Ophir's asset sale in Tanzania caused the oil and gas explorer's shares to rise.
According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost investor capital in the United Arab Emirates.
A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.
The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.
