Chubu Electric Power Co purchased an 80% stake in Diamond Power Corp, an independent producer and supplier of power owned by Mitsubishi Corp and operates in Tokyo.

Manila Electric Co (Meralco) Chairman Manuel Pangilinan confirmed his company's interest in the power assets of San Miguel Corp (SMC).

The drop in first-half profits and loan writedowns of Bank Austria proved that boom times are over in central and eastern Europe (CEE).

The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange.

Sources told Reuters that Wal-Mart Stores Inc is thinking of bidding ParknShop, the supermarket business owned by Li Ka-shing.

Ray Investment, the private equity owner of Rexel, announced that it plans to sell another 10% of its stake in the French company.

International Finance Corporation revealed it would be increasing its investments in Nigeria by 25% to US$2 billion by 2014.

Spanish officials sold a controlling stake in Project Bull to H.I.G. Capital for around EUR100 million.

Reports suggested that Cohen & Steers Inc. is shutting down its private equity real estate operations.

A joint venture between Tower Realty Partners, Second City Capital Partners, and the affiliates of Feldman Equities bought a 187,000 square foot St. Petersburg building for US$20 million.