Private Equity
OVL and Shell exercise pre-emption right over Petrobras oil block
In order to block the bid of Sinochem, OVL and Shell filed notice of purchase on the USD1.543 billion oil block interest from Petrobras.
Frontier Beverage finalizes acquisition of companies strategic for its expansion
Frontier Beverage Company Inc announced today that it had completed its acquisition of holding company 22 Social Club Productions Inc and its subsidiaries Blue 22 Entertainment and AppQwest LLC
Private equity groups eye purchase of theater group Ambassador- report
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
Royal Mail share values jump 40% since IPO
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.