Due to free trade agreements with many nations, Morocco is set to become the next investment hub, analysts said.
Sectors
San Miguel receives offers to buy bank and power shares
Philippines' largest company gets offers to purchase its shares in bank and power company. San Miguel Corporation (SMC) confirmed that it obtained offers to buy its shares in its electricity and banking businesses.
Balfour Beatty establishes venture with Sydney Water for Australian water projects
Balfour Beatty Plc created a venture with Sydney Water for Au$150 million water projects in Australia.
Nanosatellite firm gets additional support
NanoSatisfi received additional investment from Grishin Robotics. Grishin Robotics, a multinational investment firm, provided a US$300,000 investment to NanoSatisfi.
Brazil's purchase of Angolan LNG's cargo signals weaker shipping demand
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
Latest News
The Bank of America downgraded its rating on financing firm CYS Investments. The Bank of America downgraded CYS Investments to an "underperform" rating from a previous "neutral" classification in a research note released today.
BackOps receives investment from Sherpa Ventures. Sherpa Ventures announced today that it will be investing for the first time in on-demand labor company BackOps.
Heat Biologics increased IPO target to US$33 million. Heat Biologics set a top target for its initial public offering. From US$24 million, the company now aimed to raise US$33 million.
Good Energy Group Plc would sell 3.1 million stocks to finance UK solar park developments. Britain's renewable power provider, Good Energy Group Plc, planned to raise GBP3.
Brookfield Canada Office Properties acquired Toronto's Bay Adelaide Centre East Development for Ca$602 million.
NanoSatisfi, which is working on its expansion projects, gets US $300,000 funding from Grishin Robotics.
Harbor Star cancelled its Php593 million IPO to September. Harbor Star Shipping Services Inc. put off its Php593-million initial public offering (IPO) to September.
Vertu Motors acquired its first Volkswagen dealerships for GBP3 million. Vertu Motors acquired its first Volkswagen dealership for GBP3 million. This was the company's second acquisition since its GBP50 million share placing in May.
Playtech acquired PokerStrategy.com Limited and its fellow subsidiaries. Playtech announced today its acquisition of PokerStrategy. com Limited along with its fellow subsidiaries.
