Tags: Investment
France's Total Invests in Libya
France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Alupar IPO in Sao Paulo a success
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Fitch Lowers UK Rating
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
Nelson Peltz Bought Big Shares from Two Food Companies
Peltz's Train Fund exploring possibilities in the snack food business. Nelson Peltz's Trian Fund Management bought US$3. 7 billion shares from Mondelez International and PepsiCo, according to sources that have knowledge of the investment.