Batista's worth went down 74% after losing more than US$30 billion. The richest man in Brazil, Eike Batista, saw his worth go down 74% this year.
Energy
PetroEdge becomes beneficiary of US $100 mln funding
PetroEdge secures US $100 million funding from Post Oak Energy Capital in partnership with Goldman Sachs.
Algae International gets US $5 million boost
Algae International raises US $5 million in equity financing with AGS Capital, which will be used to develop its algae cultivation and development program.
Alaska to invest in funds handled by the Carlyle Group
The Alaska Permanent Fund Corporation committed to invest in funds managed by the Carlyle Group. The Alaska Permanent Fund Corporation agreed to invest US$750 million in funds handled by the Carlyle Group.
Plexus Holdings expands its operations through acquisition
Plexus Holdings announced that they have acquired a UK engineering company to bolster its presence in the oil and gas industry.
Latest News
Windsail Capital announced that they have invested US$5 million in NG Advantage. Boston based, venture capital firm, WindSail Capital Group announced that they have invested US$5 million in NG Advatage.
Private equity companies Blackstone and MBK Partners are seeking for Singapore IPOs for the properties they individually own in Taiwan and India.
The fertilizer industry was booming and “risks can be handled”, said local officials. Argus FMB North American Fertilizer, a trade publication, tracked around 20 proposals for fertilizer projects in North America in the past two years, according to the publication's editor, Lauren Williamson.
San Miguel Corporation announced that they were able to raise US$400 million from the Meralco stake sale
Enel Green revealed plans to expand its geothermal technology while global market for it is still young.
Petronas confirmed that they are in discussions with interested parties who could buy shares of Engen.
Locke announced that, together with Patron Capital Partners, it had added 54 petrol sites to their gas station portfolio
Sona Petroleum's IPO shares were oversubscribed by 5.97 times. Shares in Sona Petroleum Bhd's initial public offering were oversubscribed by 5.
Sino Australia sought to extend its IPO. Oil company Sino Australia Oil and Gas, the holding company in Australia of Zhaodong Huaying Drilling (Huaying), sought to extend its initial public offering (IPO).
