TNT Express has decided to sell its its Hoau domestic road operations in China to private equity funds following UPS back-out.
Investors
UPDATE: Tele2 Bidding War Escalates
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Amazon to Acquire Goodreads
Amazon purchases Goodreads for an undisclosed amount. Goodreads is a book recommendation website and is now the subject of acquisition plans by online retail giant Amazon.
Canada's Candur Plans IPO for Oryx Petroleum
Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.
Clearwire To Tap Sprint Financing Offer Again
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Latest News
Credit Suisse, the second-largest banker in Switzerland, has signed an deal to sell British wealth manager JO Hambro Investment Mangement Ltd. to investment company Bermuda National,
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
MidOcean through a letter offered to purchase all of the shares of EDAC at a premium higher than Greenbriar.
ProMOS Technologies Inc. reached deal to sell 12-inch wafer fab to Silicon Valley-based contract chipmaker GlobalFoundries.
Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.
China's Dongfeng Motor Group decides not to continue bidding for a major stake in Fisker Automotive over loan obligations.
International Investment Bank of Bahrain purchases 10% of Leeds United Football Club. Leeds United, the UK football club has sold a 10% stake to the International Investment Bank of Bahrain.
Liberty Global reaches deal with Barclays to purchase 12.7% stake in the latter's Ziggo. Liberty Gobal Inc. has acquired a stake worth 12. 7% in Dutch cable television operator Ziggo NV from Barclays Plc following the British bank's failure to seek buyers in a share sale last week.
QInvest to launch new Islamic funds not just for GCC consumption but for the world as well. QInvest, the investment bank with majority shareholdings owned by Qatar Islamic Bank, announced that it would plan to launch at least thirty Islamic funds in the next three years.
