Austrian energy company OMV purchased several stakes in Norway's Statoil worth at least USD 2.65 billion.
Investors
Warsaw Stock Exchange will acquire 30 percent of Aquis
The Warsaw Stock Exchange agreed to buy a 30% stake in start-up Aquis Exchange for GBP 5 million. The Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie or GBP in Polish) agreed to purchase a partial stake in Aquis Exchange.
Beats Electronics to launch Spotify contender, itching to drop HTC
A Wall Street Journal report said that Beats Electronics is planning a major buyout of HTC and generate funds to expand its newest digital streaming business Beats Music.
W&G Investments set to go public in London tomorrow for RBS bid
Company filings revealed that W&G Investments will be offering a share sale tomorrow as part of its due diligence requirement for its planned bid of RBS branches.
Atlas Copco plans to buy Edwards Group for USD 1.6 billion
Atlas Copco said it would purchase Edwards Group for up to USD 1.6 billion. Sweden-based Atlas Copco announced its plans to acquire Edwards Group. The deal, worth up to USD 1.
Latest News
Kentz Corp said no to takeover offers from rival AMEC Plc and Germany-based M+W Group. Kentz Corporation Ltd rejected approaches from AMEC Plc and M+W Group to take over the engineering firm.
XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.
The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
Blackstone announced plan to acquire Hong Kong's Tysan Holdings to establish foothold in China market.
Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.
Car manufacturers increased production as rise in sales of petrol driven cars in India continue. In India, demand for petrol cars increased after a 25-month hiatus.
Japanese economy faced a higher deficit as overseas economies strengthens. Japan economy experienced a widening gap in its trade balance, according to a Reuters report.
NMDC obtains infrastructure contract from Indian PM led council. The National Manufacturing Competitiveness Council, which is led by Indian Prime Minister Manmohan Singh, had awarded the task of creating the infrastructure in the completion of the first ultra mega steel plant in India to NMDC.
