The Panama Canal Authority and a building consortium led by Spain's Sacyr Vallehermoso SA on Tuesday agreed to put up at least $100 million each to keep the Panama Canal expansion project running. The two parties are at odds over who should pay for $1.6 billion in project cost overruns.
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Cebu Air to buy Tigerair Philippines from Singapore's Tiger Airways
Cebu Air Inc., operating as Cebu Pacific Air, will acquire Tigerair Philippines from Singapore's Tiger Airways Holdings Ltd. for an undisclosed sum. Cebu Air and Tiger Airways also entered into strategic alliance to operate common routes between Singapore and the Philippines.
China's Anhui Conch Cement to add to capacity through acquisitions
As the Chinese government plans to consolidate production, Anhui Conch Cement Co said it plans to increase its capacity to 30 million metric tons through acquisitions, Bloomberg reported.
CEN Biotech invests $12M for medical marijuana facility in Lakeshore
US-based contract research firm CEN Biotech will invest $12 million to build a high-security medical marijuana facility in Lakeshore, Canada in a bid to start a new industry in the region.
Second City Capital Partners' City Office REIT to raise $115M in New York IPO
City Office REIT, controlled by Canadian private equity firm Second City Capital Partners, filed with US Securities and Exchange Commission to raise up to $115 million in a listing of its common stock on the New York Stock Exchange.
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Sydney, Australia-based investment manager AMP capital invested $100 million in subordinated financing for the fully operational Astoria Project Partners power plant in New York, USA.
Eastern Media International Corp., which currently owns a 30% stake in Eastern Broadcasting Co., is reportedly placing a bid to acquire Carlyle Group's entire 61% stake in Taiwan's largest broadcasting company.
Citizens Financial Group, a unit of the Royal Bank of Scotland, said it had agreed to exit its Chicago area retail branches and small business operations to US Bancorp.
CEC Entertainment, which operates 567 Chuck E. Cheese's stores in 47 states in the US, is reportedly mulling over a possible sale to private equity firm. CEC has a market capitalization of around $760 million.
New York City, US-based health insurer Oscar has secured $30 million in a funding round led by the Founders Fund to accelerate its expansion across the country.
GS Infrastructure Partners, controlled by investment bank Goldman Sachs Group, has sold its 49% stake in FRS Capital Corp., the ultimate parent company of SSA Marine. SSA Marine is one of the world's largest privately held port operators.
Sandvik, a high-technology engineering firm based in Sweden, has agreed to buy Texas-based Varel International Energy Services for a price tag of about $740 million.
Skillsoft Ltd., which provides electronic learning solutions to over 6,000 customers worldwide, is reportedly seeking a sale that would value it at $2 billion, including debt. Skillsoft is owned by private equity firms Berkshire Partners, Advent International Corp. and Bain Capital.
Bangalore, India-based startup Little Eye Labs confirmed that it has been bought by social media giant Facebook for an amount between the range $10 million and $15 million.
