Industrials

The mining industry's largest merger started off with the unceremonous removal of the Xstrata board by Glencore shareholders.

The Philippines' DOTC approves seven bidders for Metro Cebu airport project. The government of the Republic of the Philippines have released a list of approved and qualified builders for a US$430 million airport project.

Bilfinger SE set to purchase Siemens water business. The second largest construction company in Germany, Bilfinger SE, is now contemplating a bid for the water technologies business being offered for sale by Siemens AG.

Enlightenment Capital invests in Opera Solutions for an undisclosed amount. The Washington, DC -based defense, aerospace and government-focused investment firm, Enlightenment Capital, has invested in the world renowned in machine learning science application and superior Big Data predictive analytics that impels greater profit, Opera Solutions, LLC.

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Brazil's MEI SA will undertake share buyback a month after it floated shares on the market. Multiplan Empreendimentos Imobilarios SA, the renowned Brazilian mall operator, has announced that it would be repurchasing about 3.

Navis invests in TES Envirocorp. Southeast Asian private equity firm, Navis Capital Partners, has concluded its investment into TES-Enivirocorp, an electronic waste or e-waste division leader based in Singapore but known globally.

According to the Financial Times, Severn Trent, a water and sewage utility, is now the target of a takeover bid by OMERS and the Kuwaiti Investment Authority.

Patron Capital Partners is planning to spend nearly Eur1 billion for property purchases in Germany. Patron Capital Partners is a private equity company that does investments in a number of real estate projects throughout Europe.

AirAsia X, the long haul carrier of the largest budget carrier in Asia, would be doing an IPO. AirAsia X Bhd is starting to feel out investor interest for the initial public offering for the long haul unit of the largest budget carrier in Asia.

Shanghai Volkswagen would build a 12.08 billion yuan factory located at the Changsa Economic and Technological Development Zone.

The EBRD is thinking of going directly to the small business man to help jumpstart the European economy.

NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.

Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.

Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.