The German consumers giant Henkel has a fund for new acquisitions. Henkel, the German consumer goods giant, has a fund worth between Eur3. 5 billion and 4 billion or US$4.

Rosneft, through two fronts would purchase 21% shareholdings in oil refiner Saras. The largest oil producer in Russia, Rosneft has agreed to purchase up to 21% shareholdings in Italian refining company Saras.

AIS completes refinancing through investor help. DH Capital was pleased to announce that American Internet Services LLC (AIS) was able to obtain an amount of $43,500,000 refinancing of its senior credit facilities with the assistance of Fortress Investment Corp and Fortress Credit Corp.

KT Corp, citing many issues, has formally withdrawn from the bidding for Vivendi's shareholdings in Maroc Telecom.

In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.

LVMH purchases nearly half of RM Williams of Australia. A private investment fund financed by a French luxury brand LVMH Group has bought 49. 9% of Australia's R.

OpenCoin finalizes successful financing round with angel investors. In an announcement, OpenCoin disclosed that it had closed a round of financial investments from angel investors.

Actis owned stake in Avtec would be acquired by Warburg Pincus. Warburg Pincus, the American private equity firm, has purchased a minority share in Avtec, the engineering equipment manufacturer.

Liberty Global's acquisition of Virgin Media granted unconditional EU approval. Last Monday, John Malone's US cable giant Liberty Global has received unconditional European Union regulatory apprival for the takeover of Virgin Media.

IPO is the way for growth for Pegasus Airlines, the Turkish budget air carrier. Pegasus Airlines, the low cost air carrier of Turkey, is offering for sale 34.