A consortium led by Bahrain Telecommunications Company (Batelco) is set to acquire Indian mobile phone company Reliance Communication's (RCom) 80 percent stake in its subsidiary for $1.1 billion.
Sectors
Increased selling seen as Doha Global’s IPO nears
New investment company Doha Global Investment Company's planned public offering in May is expected to spur selling on Qatar's bourse as investors increase their liquidity for the IPO.
Credit Facility for Goodlife Fitness Centers Completed Today
Goodlife Fitness centers completed US$40 million expansion of a US$125 million subordinated credit facility.
Sources name UBS as mystery lender for Thai group's Ping An deal
The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.
Brightstone Invests in Mobile Realty Apps
Brightstone Venture Capital raises funds for Mobile Realty Apps. Brightstone Venture Capital has been in the business of investments in the past three decades with interests in over eighty Minnesota enterprises.
Latest News
Business Secretary Vince Cable wants the three former HBOS plc directors who were responsible for the bank's failure to be stripped of their current board roles and banned them from running a financial company in the future.
Enaltus acquires ScarAway to expand its skincare products. Enaltus has recently acquired the properties of Mitchell-Vance Laboratories. Mitchell Vance is a portfolio firm of the HealthEdge Investment Fund LP based out of Tampa Florida.
OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. is evaluating all legal rights and remedies over the Morgans' agreements with The Yucaipa Companies.
The Macquarie Capital purchase of Advantage is under review by antitrust regulators. US regulators are reviewing the consent decree that allowed Macquarie Group Ltd to purchase Advantage rental brand from Hertz Global Holdings.
Topspin Partners sells off its interest in Utrecht Art to Blick Art. Multi-channel retailer, Blick Art Materials, has purchased shareholdings in Utrecht Art Supplies.
For Eur 176 million Oriola-KD purchases Medstop Group Holdings AB. Oriola-KD Hilding Sverige AB has agreed to acquire Medstop Group Holding AB from Segulah Management IV Ltd.
Patrizia led a consortium that won the bid for the luxury property holdings unit of GBW. Patrizia, the German real estate company, announced a consortium it had headed won the bidding for the purchase of rival GBW.
Nakumatt Holdings MD Atul Shah said the retailer is now open for investors and expansion in East Africa.
Starwood to purchase four Macerich malls. Starwood Retail Properties is in discussion with Macerich for the purchase of four low sales generating malls.
