Petronas, whose real business name is Petroliam Nasional Bhd, offered higher price to buyout shipping company.
Investors
Milestone Fund Reaches US$300 Million
Milestone Partners Fund IV has raised US$300 million and acquired new assets. Milestone Partners has announced the final closure of Milestone Partners IV LP with funding amounting to US$300 million.
VisibleBrands Raise Funds for Cloud Computing Coupons
Raising funds by VisibleBrands raised US$4.6 million for digital cloud promotions in-store. The close of a Series A round of funding and follow on Series B Convertible Note by VisibleBrands has raised US$4.
Indonesia's Mandala Air to acquire 18 Airbus A320 for $1.6 B by 2014
In a bid to capture middle class travel in Southeast Asia, Indonesian airline PT Mandala Airlines is set to spend $1.6 billion to buy 18 Airbus A320 planes by 2014.
Finland Banks on Venture Capital Financing for Growth
The government is seeking venture capital financing for growth without affecting its bottom line. Finland is maximizing venture capital financing as a means to spark the economy out of the doldrums without affecting its current AAA ratings.
Latest News
Diageo is improving its acquisition offer of United Spirits of India. Diageo, the UK drinks company has raised its bid offer for United Spirits of India through a public offer.
In anticipation of a housing shortage and the prospect of higher returns, some 30 institutions plan to invest $11 billion on rental homes in Britain.
Hilco acquires HMV from its administrators. Hilco, the restructuring specialist recently announced that it had acquired British entertainment retailer HMV.
Taminco is now set to offer its IPO. The chemical company owned by Apollo Global Management, Taminco Corp recently announced that it would be selling 15.
Blackstone to do due diligence on Dell. A contingent from the Blackstone Group would be visiting Dell's corporate headquarters on Monday to conduct a proper due diligence on the company according to anonymous sources.
Chemical maker Taminco Corp. said that it expects to raise $300 million on its initial public offering of 15.8 million shares at $18 to $20 per share.
Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
Due to its expansion potential, private equity firm Nordic Capital has acquired logistics company Unifeeder from Montagu Private Equity.
If the French government will have its way, it wants that a consortium composed of banks and insurers in the country to buy around 34 percent of the Euronext stock exchange.
