Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
Sectors
Dabbagh Contemplating Buyout of Gulf Oil
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
Utemuratov Contemplating Purchase of Kazakh owned Banks
Bulat Utemuratov is thinking whether to purchase state owned shares in Alliance Bank and Temirbank. Bulat Utemuratov, the Kazakh billionaire tycoon is contemplating whether to purchase Alliance Bank and Temirbank from the government.
Immofinanze Lists Buwog after IPO
Immofinanze to list apartment portfolio of Buwog in an IPO. The residential unit of Immofinanz AG in Frankfurt will be offered in an initial public offering as early as November.
TCS purchases Alti SA of France
The purchase underscores the market expansion into France and away from Britain. India's number one software services company, Tata Consultancy Services, would purchase Alti SA of France for the price of Eur 75 million or US$98 million.
Latest News
Ericsson has purchased Mediaroom IPTV from Microsoft for an undisclosed amount. Ericsson, the telecommunications equipment manufacturer from Sweden has formalized a deal to purchase Mediaroom IPTV from Microsoft.
According to information obtained, venture capital performance has been sub par in the past ten years.
The price tag for THL Partners acquiring CompuCom. CompuCom, the information technology outsourcing company announced that it is to be purchased by private equity firm Thomas H.
Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
By selling off its 7.4% shareholdings in EADS, Lagardare exits from the ownership structure of EADS.
The purchase of Enmax Envision by Shaw Communications expands fiber optic capability. Shaw Communications Inc has acquired ENMAX Envision Inc from its parent ENMAX Corporation.
GE enters into a jv with Enel Green for Buffalo Dunes Wind Farm. US conglomerate General Electric Co would be providing both financial capital and technological capbility for the 250 megawatt Buffalo Dunes wnd farm located in Kansas.
The US Justice Department recently approved the merger of EcoLab Inc and Permian Mud Services excluding Permian subsidiary Champion Technologies Inc.
The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.
