Berjaya Corporation Berhad's Philippines unit, Berjaya Philippines Inc, extended its GBP42 million or USD65 million takeover bid offer to minority shareholders of British auto dealer HR Owen to October 11.
Corporations
Fonterra set to build processing plant to expand interests in China
In accordance with its expansion plans, Fonterra Cooperative Group is now building a UHT milk processing plant in China, despite a recent poisoning scare and corruption investigations done by government.
Volkswagen expands interests in China market
Volkswagen AG invests new finds into the venture with FAW Group to expand the production of the plant in Foshan.
Onexim Group considers potential bid for Kerimov's stake in Uralkali- sources
Sources told Bloomberg that billionaire Mikhail Prokhorov's Onexim Group was thinking of bidding for a stake in Uralkali.
Samsung introduces Galaxy Note 3 phablet
Samsung launched the global sales of its latest phablet, the Galaxy Note 3. Samsung Electronics launched the global sales of its latest phablet offering.
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Pavilion Energy, which is owned by Temasek Holding Pte, would seek to expand its infrastructure interests in LNG.
The rights to the Minas-Rio project is the main asset to be sold off by Anglo American as it faces mounting pressure to provide finances for the project.
Newmont Mining Corp CEO Gary Goldberg said they were looking at potential mine acquisitions as the value of gold fell.
A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.
The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.
A spokeswoman for activist hedge fund Cevian said the fund had increased its holdings from less than 3% to 5.2% in German multinational conglomerate corporation ThyssenKrupp.
Lufthansa Chief Executive Officer Christoph Franz said the European airline had left its door open for the possibility of forging a future alliance with Gulf airline companies.
The fleet of Noble Corp would be separated between shallow water and deep water drill rigging equipment.
