Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
Sectors
BRF to appoint Abilio Diniz as chairperson
BRF would be appointing Abilio Diniz as its new chairman. The new chairman of BRF- Brasil Foods SA is billionaire Abilio Diniz. He has said he would guide the country's biggest foodmaker for overseas expansion to boost profit margins.
CP Group to Expand in China
The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
KKR To Purchase Alliance Tire Group
KKR is going to purchase the Alliance Tire Group through a leveraged buyout of US$650 million cash and US$125 million in debt.
Dalian Wanda to Purchase Movie Theater Chain
Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.
Latest News
Cisco acquires Ubiquisys for US$310 million in cash and other incentives. Cisco announced last Monday its intention to acquire Ubiquisys for a value of US$310 million in cash and other incentives.
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
CEDC's creditors voted approval for the Chapter 11 financial plan of the bankrupt company. According to a recent statement from the Central European Distribution Corporation, the creditors of the vodka maker are said to be supportive of the company's restructuring plan.
Etisalat, through a loan, is bidding for Maroc Telecom's shares owned by French firm Vivendi. Etisalat, the Abu Dhabi owned telecommunications company has prepared a dual tranche US$8billion loan facility to back up its bud to acquire Maroc Telecom.
The JV between EFG-Hermes Holding SAE and QInvest LLC is at risk for the delayed approval by Egyptian regulators.
The board of directors of Sterling Bancorp, Inc. is being investigated for potential claims in relation to its proposed acquisition by Provident New York Bancorp.
California Governor Jerry Brown sets off to China as part of his continuing efforts to develop commercial ties with Chinese consumers.
Things are heating up between Icahn and the Dell Special Committee on issues of reimbursement, proxy fights and possible litigation.
