For a Round-A venture capital investment, Vodafone Ventures Egypt would be taking a 22.22% stake in online pharmacy Agzakhana.com.
Corporations
Blackberry: Business as usual despite selling global operations unit
Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.
Vodafone tests M&A history with second deal
Vodafone Group planned a stake sell from its holdings in Verizon Wireless valued more than USD100 billion.
Ackermann steps down from Zurich board
Zurich Insurance executive Josef Ackermann resigned from the company after its finance chief died of suspected suicide.
Bidders for BondDesk known
Two of the three bidders for BondDesk Group LLC have been identified. Tradeweb and MarketAxess, two of the leading institutional fixed-income trading platform providers, are two of the three bidders for BondDesk Group LLC.
Latest News
Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.
Women's boutique retailer Francesca's Holdings Corp. has ousted Lululemon as the most attractive company to date to land private equity bids.
The partnerships of SAIC Motor Corp with Western car manufacturers helped boost its sales for the first half of this year.
A Philippine regulator said that the bidding for the LRT Line 1 Cavite extension project had failed.
Tanzania's National Development Corporation signed a joint venture agreement with Nava Bharat of Singapore for an oil palm farm and processing facility.
Geneva-based biopharmaceutical company ObsEva announced that it was able to raise CHF 32 million for its Series A round.
Vodafone Group released a statement saying that there is “no certainty that an agreement will be reached.”
State-owned Mubadala Development Co and Amsterdam-based Trafigura Beheer submitted joint bids for Eike Batista's MMX Mineracao & Metalicos.
Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.
