Freeport Indonesia has said that it will be offering the public a 5% stake in the mining company. The Indonesian subsidiary of Freeport McMoRan Copper & Gold Inc.
Sectors
W.P. Carey to acquire Corporate Property in all-stock deal valued at US $4 bln
W.P. Carey is set to shell out US $4 billion to purchase Corporate Property Associates 16 - Global Inc.
Insurers face huge bills for Spain train crash
Insurance companies would deal with major payouts due to Spain train crash. Allianz, an insurance company from Germany, would deal with a huge bill for compensation payments after the deadly train crash that happened in Spain.
Online fashion marketplace JOOR secures another US$15-M in capital
JOOR, an online fashion marketplace, secured US $15 million in a series B funding led by Canaan Partners.
Malaysian energy and water firm Ranhill cancels IPO, to return funds collected from investors
Malaysia's Ranhill Energy and Resources is set to return the US $234 million funds it was able to raise following the IPO's cancellation.
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The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
The UK homebuilder enters into a joint venture with a charitable institution worth US $616 million. UK's Berkeley Group Holdings Plc agreed to enter into a joint venture with Wellcome Trust Ltd.
Areva SA and Namibia Water are in the final leg of arrangements for their water sale distribution agreement.
Luminous Water Technologies Pvt. acquires US$9.3 million worth of funding from CLSA Capital Partners.
Qinhuangdao Port Co. said that they are planning to raise US$800 million through an initial public offering.
China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group. The People's Daily, China's official newspaper, reported that China Investment Corp.
Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
Carmike Cinemas, Inc. released the details of the pricing for their previously announced initial public offering.
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
