After a bitter battle, First Quantum wins shareholder support for Inmet. In a statement, First Quantum Minerals has said it has gathered enough shareholder support to be able to take over Inmet Mining.
Industrials
Sinopec Group and Sinopec to Create JV
Mother company and subsidiary would form a joint venture partnership to boost profitability. A joint venture would be set up between China Petroleum and Chemical Corp and its mother company.
DP World Focuses on LatAm and Africa for Business
DP Chairman confirms move from US markets to Latin American and African countries for port business.
Lion Air Order Second Batch of planes
Lion Air, going full blast on its expansion in Asia, orders a new batch of planes from Airbus. Lion Air's recent aircraft orders underscore the plans that the Indonesian consortium is planning to become as the largest pan-Asian low cost carrier.
U.S. M&A Activity Sees Growth with Confidence
U.S. companies have become more confident in completing larger acquisitions as the country shows receovery.
Latest News
First Quantum Minerals Ltd. says it has enough support from its shareholders to buy rival Inmet Mining Corp. in a C$5.1 billion deal.
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
GEP purchases Bergmann Automotive and forms new entity. In a recent move, the fund German Equity Partners IV has acquired all of the outstanding stock of Bergmann Automotive GmBH.
Terms on the purchase of Sleek Group by Asian Paints undisclosed. In a recent move, Asian Paints recently purchased 51% of the Sleek Group. This is in pursuit of its exploration of the home improvement market opportunities through the one of the top firms in the modern kitchen space market.
Summit REIT expands portfolio and funding sources. In an announcement, Summit Industrial Income REIT said that it has completed the acquisition of fifteen light industrial properties in several locations, namely Greater Toronto, Moncton in New Brunswick and Edmonton in Alberta.
Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
After lengthy discussion, Bietz gives in to proposed share sale. ThyssenKrupp of Germany is in the midst of planning to undertake share sales in an effort to raise Eur1 billion to improve its financial position.
Mulk Holdings forms joint venture with Suzan General Trading in Africa. The UAE2 billion dinar conglomerate Mulk Holdings has recently unveiled its first venture into the African continent through an agreement with Suzan General Trading.
ThyssenKrupp founder's nephew blames Beitz for decline of steelmaker. According to the nephew of ThyssenKrupp's former owner, Alfried Krupp von Bohlen und Halbach, the only person to blame for the decline of the company is Honorary Chairman Berthold Beitz.
