Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.
Funding
Dexus Property and Canada Pension Plan Investment Board purchase office trust from Commonwealth Bank of Australia
Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.
Kenya's Eurobond issue to upgrade country's infrastructure
Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.
Uniplaces raises more than GBP 700,000 in seed round
Octopus Investments led the seed round, which raised more than GBP 700,000 for Uniplaces. Student accommodation website Uniplaces was able to raise more than GBP 700,000 in seed funds.
Nigeria is capable of building a USD 20 billion private equity industry- Henshaw Capital Partners founder
Nigeria-based Henshaw Capital Partners Founder and Chief Executive Officer Barbara James said Nigeria could build a USD 20 billion private equity industry by 2020.
Latest News
Queenslands' Gambling Community Benefit Fund (GCBF) set the deadline for grant appication for solar power providers on November 30.
Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.
Singapore investor Temasek Holdings and private equity firm Hopu were among the five investors set to buy a USD213 stake in China Mengniu Dairy Co Ltd.
Andreesen Horowitz, the venture-capital firm Marc Andreesen, sold 2.28 million of its Facebook shares.
The Bicycle Coalition of Greater Philadelphia requested for USD3 million funding from the Delaware Valley Regional Planning Commission for its regional trail network project.
Extreme athletics showcase Nitro Circus announced it would become one with the touring company that helped produce its live programs.
In an interview with GeekWire, PitchBook Founder John Gabbert said the company's online research tool would help venture capital and private equity professionals make better business decisions.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.
