Corporations
Sources: Sinopec to sell 30% of its stake in retail assets, hires Goldman Sachs
The biggest refiner in Asia, Sinopec would sell 30% of its shares in its retail assets said sources familiar with the matter but asked not to be named as the talks were held private, reported Bloomberg.
Alibaba Group founder Jack Ma invests CNY3.3 billion in financial software firm
Jack Ma, Alibaba Group Holdings founder, invested CNY3.3 billion in Hundsun Technologies Inc. for a controlling stake in the company, reported Reuters.
Osborne: No government interferance on Lloyds' branches sale
Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.
Plug Power Inc. acquired ReliOn for USD4 million
Plug Power Inc. acquired ReliOn Inc. in an all stock deal valued USD4 million, reported Reuters. Plug Power Inc. announced acquisition of ReliOn Inc. , said a report from Reuters.