Corporations

The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.

Vue Entertainment sells bonds for LBO funding The cinema operator Vue Entertainment Ltd. planned to sell bonds on a meeting with investors. The proceeds of this bond sale would be used to fund the company's leveraged buyout.

BAIC Group revealed they plan to expand inside China and in Europe. BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Co, plans to acquire one or two domestic automakers this year, in a statement released by its chairman, Xu Heyi.

Fiat announced today that it will increase its stake on RCS Mediagroup. Fiat's chief executive officer Sergio Marchionne announced today that the carmaker from Italy will increase its stake in depreciating publisher firm, RCS Mediagroup.

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Renault and Donfeng Motor Group hoped to close a deal worth US$1.6 billion this month. On Monday, Renault, a French carmaker, and Dongfeng Motor Group hoped to end up with a deal later this month.

TPG was about to purchase TSL Education for GBP400 million because it was attracted by TSL's network of 52 million teachers.

Nairobi Securities Exchange offered exchange-traded funds for individual investors. The Capital Markets Authority said in an emailed statement that the Nairobi Securities Exchange would be offering exchange-traded funds.

CFR Pharmaceuticals has embarked on a South African road show starting June 08. Chilean generic drug producer CFR Pharmaceuticals has embarked on a South African road show starting June 08.

Oil prices and dividend yields causes rise in Russia stocks, says Citigroup analyst. Russian stocks were driven by dividend yields and oil prices, according to analysts in Citigroup.

Retail Holdings wanted an IPO up to US$200 million for Singer Asia. Retail Holdings NV was reported to seek up to US$200 million in an upcoming initial public offering of Singer Asia Ltd, said three anonymous sources.

Kenai stockholders approved Serabi Gold plc's proposal to acquire their whole share capital. Serabi Gold plc announced that Kenai Resources Ltd's stockholders favored its proposal to purchase the whole share capital of Kenai.

Fiat exercises option to buy additional 3.3% Chrysler shares from the United Auto Workers union's VEBA.

A Chinese insurance company agreed to acquire the London’s Lloyds building for US$388 million. A Chinese insurance corporation decided to purchase the Lloyd's of London building worth GBP260 million equivalent to US$388 million.

US Federal Communications Commission has approved Softbanks' US$21.6 billion acquisition deal for Sprint.