Petronas Chemicals Group Bhd would be selling a 93.1% ownership stake in Phu My Plastics and Chemical Company Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.
Sectors
Sprig raises USD1.2 million in seed funding for healthy meal busines
Sprig recently closed its USD1.2 million seed funding round for the launching of its unique food delivery business.
Autodesk plans to buy Delcam for GBP172.5 million
Autodesk Inc. revealed its intention to acquire UK-based software giant Delcam for GBP172.5 million.
Societe Generale and Credit Agricole to engage in talks regarding stake swap
Two French banks, Societe Generale and Credit Agricole, disclosed plans to increase its ownership stakes in asset manager Amundi Group and derivatives broker Newedge Group.
Nestle to exit from bulk of Jenny Craig business to private equity firm
Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.
Latest News
State-owned Tsinghua Unigroup Ltd offered to buy RDA Microelectronics Inc for USD 18 per share. RDA Microelectronics Inc said it received its second buyout offer after more than a month.
Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.
Toll Brothers Inc would be buying the home building business of privately-owned company Shapell Industries Inc for USD 1.60 billion.
Artists' social community DeviantART raised a new round of funding amounting to USD10 million from Autodesk.
All retail locations of video rental chain Blockbuster would be closed by January 2014, owner Dish Network said.
Some investors expressed discontent at the investment plans of giant phone maker Samsung Electronics.
Vietnam is now in the process of allowing foreigners greater participation in local industry and cut back on government participation.
According to Moody's Investors Service, buyout firms would be targeting European retailers to take advantage of low funding costs.
Google Ventures added two new investors, Shanna Tellerman and Dave Munichiello, in its roster. Google Ventures welcomed Shanna Tellerman and Dave Munichiello, its two new investment partners, to its ranks.
