Etisalat has yet to receive a response from Vivendi on its Maroc Telecom bid, according to its CEO. Etisalat is still awaiting advice from Vivendi as to its submitted bid for its 53% shareholdings in Maroc Telecom.
Sectors
Spain Plans to sell 15 Year Syndicated Debt
Spain is planning to sell 15 year syndicated debt in light of the low yields of previous issues. Spain, in a bid to increase its liquidity, is planning to issue a 15 year bond sale through chosen banks this year.
Alinta Preparing for US Debt Issue
According to a Reuters report, Alinta is drafting a plan for a US$1 billion debt issue for its TLB debt.
BEH of Bulgaria to Meet Potential Investors for Eur250M Bond
BEH sets meeting for possible investors for its Eur250 million bond issue. Reuters reported that the biggest energy holdings firm of Bulgaria, BEH, will be sitting down with possible investors in its EUR250 million or US$321.
Third Point's Proposal to be Reviewed by Sony Board
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
Latest News
With the agreement between Afferro and IMIC, West African iron ore projects is set to boom. Afferro has entered into an agreement for a US$190 million cash and paper bid from investment group IMIC.
CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.
Air Arabia finalizes a deal for loans from two GCC banks to help pay for the ordered A320 Airbus fleet.
Dar Al Arkan lowers yield of new sukuk bond issue to 6%. Dar Al Arkan, the Saudi Arabian real estate developer, after its previous announcements has now tightened the price range of its planned sukuk issue.
BlackRock purchases real estate investment firm MGPA. In an announcement, BlackRock Inc said that it would be purchasing MGPA, the real estate investment firm in order to expand its real estate portfolio worldwide.
Cermaq fails to obtain the requisite number of shareholder votes to approve the takeover bid for Copeinca.
