The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Investors
Cole acquisition by American Realty will create net-lease REIT giant in US
American Realty Capital Properties said it would be buying Cole Real Estate Investments in a cash or stock deal worth USD11.2 billion.
Telcos provided more freedom under new UAE TRA rules
Called expedited processing, the Telecommunications Regulatory Authority of UAE would allow direct offers of prepaid products to be made by telcos.
Mubi raises USD5.1 million in new investment round - filing
A regulatory filing revealed that social networking service for film enthusiasts Mubi received a new USD5.1 million investment from unnamed investors.
Secure messaging app Cureatr nabs USD5.7 million in Series A funding round
Cureatr's primary product, a secure messaging app for doctors, received significant backing from investors including Milestone Venture Partners and Cardinal Partners.
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A Rocket Internet and iMENA Holding consortium would be marketing mobile app Easy Taxi to North Africa and the Middle East.
16 startups whose products focused from cloud services to video and imaging technologies had received USD65 million in investment from Intel Capital.
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Billionaire investor Carl Icahn cashed in part of his ownership stake in video streaming company Netflix Inc.
