Oxea was purchased by Oman Oil Company from Advent International for EUR1.8 billion. An agreement was formalized between Oman Oil Co and Advent International for the purchase of Oxea.
Sovereign wealth funds
Wall Street hopeful on debt solution in Washington
US stocks rose last Friday as investors were hopeful for the government to reach an agreement over the weekend to end the partial deadlock of the US government.
Deutsche Bank and Russian Direct Investment Fund infuse funds into Rostelecom
A total of USD237.1 million was given to Rostelecom by Deutsche Bank and Russian Direct Investment Fund for over 72 million Rostelecom ordinary shares.
Congo government intends to increase free stake of new mining projects to 15%
The government of Congo had plans to implement changes to its equity agreements with mining firms, which includes increasing its free stake in all new mining projects from 5% to 15%.
Royal Mail sees its stock climb 38% post-IPO
Shares of Royal Mail Group Ltd experienced a 38% increase after its debut on the London Stock Exchange.
Latest News
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
The Tourism Development & Investment Co was reportedly talking with various banks for a USD 1 billion loan facility to replace its existing debt, according to bankers interviewed by Bloomberg.
Masdar Energy UK was granted a GBP 266 million loan from various lenders to fund its share of the cost of developing the largest wind farm in the world.
US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
The late release of government subsidy for the IFC backed Simran Wind Project Pvt forces it to shelve expansion plans.
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.
US Senator John McCain angrily stated that US lawmakers should resolve differences to end the US partial shutdown that caused a halt in military death benefits, according to a Reuters report.
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
