BRF would be appointing Abilio Diniz as its new chairman. The new chairman of BRF- Brasil Foods SA is billionaire Abilio Diniz. He has said he would guide the country's biggest foodmaker for overseas expansion to boost profit margins.
Investors
Patrizia leads consortium that buys out BayernLB
Patrizia led a consortium that won the bid for the luxury property holdings unit of GBW. Patrizia, the German real estate company, announced a consortium it had headed won the bidding for the purchase of rival GBW.
Nakumatt Holdings Raising Funds for Expansion
Nakumatt Holdings MD Atul Shah said the retailer is now open for investors and expansion in East Africa.
Starwood in Discussion with Macerich
Starwood to purchase four Macerich malls. Starwood Retail Properties is in discussion with Macerich for the purchase of four low sales generating malls.
Sundance Terminates Hanlong Agreement
Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.
Latest News
The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
KKR is going to purchase the Alliance Tire Group through a leveraged buyout of US$650 million cash and US$125 million in debt.
Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.
Mitsubishi UFJ Finance Group is in discussion to acquire US commercial property loans from Deutsche Bank.
UPS appeals EU decision to prohibit merger between TNT Express and UPS. The European Union regulator's decision to reject the Eur5. 16 billion bid by United Parcel Services for TNT Express NV would be appealed.
Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
Cisco acquires Ubiquisys for US$310 million in cash and other incentives. Cisco announced last Monday its intention to acquire Ubiquisys for a value of US$310 million in cash and other incentives.
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
