Kenya's investment firm TransCentury has sold 34 percent of the stake it holds in Rift Valley Railways to Citadel, reported Ventures Africa.
Investors
Billionaire Henry Sy to expand shopping centers in China
Billionaire and shopping mall mogul Henry Sy would expand his foothold in China with new shopping malls in Yangzhou and Changzhou, reported Bloomberg.
Databank Financial Services launches private equity fund for agricultural sector in Africa
Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.
Germany's E.ON hires Citi to advise on asset sale
Germany's E.ON hired Citi to advise a sale of its assets in Spain, said sources familiar with the matter who told Reuters.
Dubai's sovereign wealth fund acquires stake in Kerzner International
Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.
Latest News
The sugar industry of Nigeria would be expecting a lot of hefty investments from key players in the market following the increase of demand for sugar, reported Ventures Africa.
German airline company Lufthansa has been looking at interested parties to acquire a part of its IT business, according to a report from Reuters.
Beijing-based Cheetah Mobile Inc. filed an initial public offering with US regulators and appointed JP Mogran, Credit Suisse, Macquarie Capital and Morgan Stanley to be the underwriters for the deal.
Dmirty Firtash, a Ukranian businessman was indicted of US bribery charges along with five other men over allegedly paying bribes to Indian government authorities to facilitate a mining project.
Family Mart Co Ltd has planned to leave the South Korean market through an initial public offering, said a report from Reuters.
Banco Mare Nostrum has intended to sell its shares before the deadline of the state funded bailout aid it received before the 2017 deadline.
The biggest refiner in Asia, Sinopec would sell 30% of its shares in its retail assets said sources familiar with the matter but asked not to be named as the talks were held private, reported Bloomberg.
Jack Ma, Alibaba Group Holdings founder, invested CNY3.3 billion in Hundsun Technologies Inc. for a controlling stake in the company, reported Reuters.
Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.
