The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.

MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.

China Grand Auto is planning for a USD500 million IPO offering in Hong Kong. TPG backed China Grand Automotive Services Co had plans to list at least USD500 million of its shares in the Hong Kong bourse.

Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.

Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.

Styrolution Group Chief Executive Officer Roberto Gualdoni had said that joint venture company Styrolution Group could hold an IPO in two years.

Plains All American Pipeline LP offered USD740 million in stock to buy the 54% of PAA Natural Gas Storage LP that it does not already own.

A Philippine regulator postponed the bid for a ticketing system to be used by the MRT and LRT. The Department of Transportation and Communications (DOTC) in the Philippines deferred the submission of bids for the ticketing system of the country's rail transportation systems.

Sources told Bloomberg that Inner Mongolia Sanwei Resources Group Co submitted an application for an IPO in Hong Kong worth USD 200 million.

Sources said Grupo Mexico would delay its planned initial public offering of its America Mining stake.