QNB in its growth plans, seeks to raise funds through bond issues to capitalize its acquisitions. Qatar National Bank SAQ is planning to sell US dollar denominated bonds as it continues to become the first Arabic financial institution to have an asset portfolio that exceeds US$100 billion.
Industrials
Jet Airways Sells Minority Shares to Etihad
Jet Airways sells off minority shares to Etihad to a reported US$379 million. Jet Airways of India would be selling its minority shareholdings to Etihad Airways for the price of US$379 million.
Kier Group Plc Acquires May Gurney
Kier Group Plc acquires May Gurney for an estimated GBP221 million. The UK company instrumental in the completion of the Channel Tunnel rail link, Kier Group Plc, has entered into an agreement to purchase May Gurney Integrated Services Plc.
IAG Acquires Vueling for Eur123.5 million
IAG purchases Vueling at Eur9.25 per share totalling Eur123.5 million. The Spanish stock market authority announced last Tuesday that IAG airline had enough bid acceptances to gain control of the airline Vueling.
Virgin Australia and Tiger Australia Merger Approved
The Australian Competition and Consumer Commission had approved the merger of Virgin Australia and Tiger Australia.
Latest News
Finnair, in a bid to raise cash, sells off Norwegian Air Shuttle shares. Finnair, the official air carrier of Finland, has sold off its 4. 7% shareholdings in Norwegian Air Shuttle in the amount of Eur53 million.
Cathay Fortune said it would not support the plan of Discovery Metals to expand capitalization. The top shareholder in Discovery Metals Ltd, private equity firm Cathay Fortune Corp said it would not vote for the approval of the company's plan to increase capital funding.
Nikkei reports Mitsui and Kawasaki are in merger discussions. Mitsui Engineering and Shipbuilding Co and Kawasaki Heavy Industries Ltd are to begin merger discussions.
EADS shareholders to expect higher dividends because of new policies according to corporate CFO. In a report from Reuters, the European Aeronautic Defence and Space Company N.
Eaton manufactures valves and valve actuators for vehicles, is planning to expand both its facilities and production.
SABIC makes job cuts and closes plants in Europe. Saudi Basic Industries Corp, currently the world's largest petrochemicals group is now reviewing its global expansion outlook.
Alexander Machkevitch and other ENRC co-founders to partner with Kazakh government to make a bid for ENRC.
The recent issues with FreePort McMoRan's acquisitions leave its future much in doubt. Last December 5, 2012 Freeport McMoRan Copper & Gold announced that it had acquired Plains Exploration & Production and McMoRan Exploration for US$10.
Mongolia's Strategic Entities Foreign Investment Law has been amended to relax requirements for foreign investments.
