Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
Sectors
Perform partners with iconic Sporting News
Perform enters into partnership with ACBJ, current owners of the Sporting News. Perform, the British digital rights firm has entered into a partnership with Sporting News, the US media brand to boost its expansion into the North American Market.
Qatar backed Constellation Hotel acquires Intercon's London Park Lane Hotel
Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.
Novartis India to divest Novartis AG shareholdings
In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.
CITIC PE acquires China Road business of TNT Express
Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.
Latest News
The British oil company BP is pushing with its investments in the Shetland Islands. BP, the British oil giant is going ahead with an investment project located in the Shetland Islands.
The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.
American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.
VTB Group Bank recently purchased the Russian subsidiary of Tele2. Tele2, the Nordic telecommunications company recently announced that it would be selling its Russian subsidiary to VTB Group bank.
Finnair's new Chairman said that Finland should reduce its shareholdings in the national flag carrier, Finnair.
KKR is seeking to build a US$1.5 billion fund for oil and gas development project investments. In a report from Bloomberg, KKR & Co LP is now raising US$1.
Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.
