Leighton and Ontario Teachers' Pension Plan Reached Agreement on the sale of 70 percents of telecommunication assets.
Middle East
Apache Partners Set Up New Fund
Apache Partners opens up to new markets with new Global Fund. The UK based investment advisors Apache Partners LLP, founded by Paul Forsyth has recently announced a new fund starting March 22, 2013.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
Egyptian Natural Gas Holding to Award License Liquefied Natural Gas Import Within Two Weeks
Natural Gas Holding Co. in Egypt is now in the process of awarding license for the importation of liquefied natural gas within two weeks
DRB Hicom of Malaysia to bid in Middle East
Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.
Latest News
Bids, mergers, acquisitions and disposals reported on Friday including Abu Dhabi telecom firm Etisalat's syndicated loan of up to $8 billion to finance a bid for Vivendi's percent stake in Maroc Telecom
Emerging economies will lead growth in 2013 according to a report released on Wednesday. Emerging economies will lead growth in 2013 as the global economic outlook remains challenged by the eurozone's debt crisis and high unemployment in the United States, according to a report released on Wednesday.
Kuwait's parliament approved an amended draft law on Wednesday paving the way for the long-overdue privatisation of Kuwait Airways
Bids, mergers, acquisitions and disposals on Wednesday The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: - Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.
Carlyle is planning the acquisition of a regional franchise as a tuck-in, or bolt-on acquisition for its Alamar food business in Saudi Arabia, which it bought a 43 percent stake in in December, and it is currently in the due diligence phase.
New York-based private equity firm General Atlantic LLC has invested $44 million for a minority stake in Turkey's yemeksepeti.com.
Israel's IDB Development Corp sold 49.9 percent out of its 60.5 percent stake in Clal Industries and Investments (CII) to U.S.-based Access Industries for 1.27 billion shekels ($325 million).
The Islamic Development Bank (IDB) is partnering with Dutch asset manager Robeco to launch a $600 million food and agriculture fund to invest in projects that promote steady food supply.
Investcorp is seeking a loan of more than $500 million to help refinance debt due in 2013. Investcorp, a Bahrain-based investment company, is seeking a loan of more than $500 million to help refinance debt due in 2013 as it looks to head off any potential refinancing risk next year, four sources familiar with matter said on Thursday.
