Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Africa
Catalyst is Preparing to Use its US$125 Million Fund
Kenya based Catalyst Principal Partners is searching for investments for its US$125 million fund. Catalyst Principal Partners, a private equity firm based in Kenya, is eyeing to make investments using a US$125 million fund with a partnership seeking to maximize real estate deals.
Survey shows decrease in M&A deal volumes for emerging markets in 2012
A new survey revealed that mergers and acquisitions activity for developed and emerging markets declined in 2012.
Statoil sells part of Mozambique share to Inpex
Inpex of Japan is the new partner of Statoil SA in the development of the Rovumba basin oil well in Mozambique.
South Africa, Small But Terrible
South Africa with its diminutive size has more bang for the buck. Since South Africa's inclusion into the BRIC grouping of major emerging countries, there has been a deafening silence in its ascenscion from the global invesment community.
Latest News
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
Energy company Total and Norwegian oil services firm Aker Solutions have signed an agreement in which the latter will deliver a subsea production for the Moho Nord Project in Congo Republic.
After a bitter battle, First Quantum wins shareholder support for Inmet. In a statement, First Quantum Minerals has said it has gathered enough shareholder support to be able to take over Inmet Mining.
Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.
Mulk Holdings forms joint venture with Suzan General Trading in Africa. The UAE2 billion dinar conglomerate Mulk Holdings has recently unveiled its first venture into the African continent through an agreement with Suzan General Trading.
Cipla Medpro shareholder criticizes low ball offer by Cipla for buyout. One of the top stockholders in Cipla Medpro has said it would require Cipla Ltd to increase its US$500 million offer to purchase the third largest generics drug firm in South Africa.
Absa, a Barclays subsidiary to establish fund to purchase African equities. The Johannesburg based subsidiary of Barclays Plc, Absa Asset Management is planning to establish a US$100 million fund to be used to invest in African shares.
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
ENI denies rumors and reaffirms official stands through Chairman Giuseppe Rechhi. The Italian state oil company ENI has not table any plan to consider the spin-off of its services unit, Saipem.
