TVS Logistics buys Rico Logistics TVS Logistics has announced it has acquired a majority stake from UK based firm Rico Logistics. This purchase would be in line in achieving the objective of US$1 billion turnover on or before 2015 as well as expand opportunities in the country.
Sectors
HP Beats Wall Street Projections
HP earns modestly, though leaner compared to previous years. Under the leadership of CEO Meg Whitman, Hewlett-Packard cut costs and was able to make a turn around, translating to a share value appreciation of over five percent.
DRB Hicom of Malaysia to bid in Middle East
Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.
Compuware exploring sale and talking to several private equity firms according to source
Business software maker Compuware Corp is exploring a sale and talking to buyout firms to gauge takeover interest
Russian Billionaire Selling Gold Stake
Prokhorov selling stake at Polyus. Flamboyant Russian billionaire Mikhail Prokhorov is finalizing the details of his divestment of his thirty eight percent share in Russia's biggest gold miner.
Latest News
Enterprise a sub unit of 3i was sold to Ferrovial for GBP 385 million. Ferrovial of Spain recently announced that it has agreed with the 3i Group to purchase in full the UK based services company Enterprise for a whopping GBP 385 million or US$589 million.
Netia to buyback shares of stock in 2013. Netia, Poland's second largest telecommunications group is considering the implementation of a share buyback programme totaling 128 million zlotys or about US$41.
Carlos Slim pumps in more money into Dutch firm KPN. The world's richest man, multibillionaire Carlos Slim has increased his stake in KPN with a fresh Eur4 billion infusion into the Dutch telecommunications group.
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
LVMH unveiled its first acquisition in fashion in four years on Thursday when it took a minority stake in young French fashion brand Maxime Simoens for an undisclosed sum.
Printemps owners are said to have been aiming to sell their 90% share in Qatar. Businessman Maurizio Borletti of Italy said that owners of Deustche Bank's real estate arm RREEF are selling their 70% share at French department store and tourist hotspot Printemps.
WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Canvera awarded more venture capital money Canvera Digital Technologies Pvt Ltd was able to raise about US$6. 5 million in Series B round of funding from other sources at a time when known venture capitalists are leaving the market.
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
