Negotiations between GAIL India and UK-based Ophir Energy about a possible sale of the latter's stake in Tanzania gas assets are still ongoing. Ophir's earlier share sale deal with Pavilion Energy has been initially seen as a setback in the talks.
United Kingdom
Uk investors urge to bet on venture capital trusts
An online report on UK financial website This Is Money discussed the advantages of investors betting in venture capital trusts at the time when certain economic factors are in their favor.
Report says oil and gas in emerging markets new target by private equity
A recent report by Ernst & Young and Mergermarket projected increase in private equity activity in the oil and gas sectors, especially in emerging markets.
Rio Tinto to cut capital spending in half by 2015
As the second-biggest mining company in the world, Rio Tinto Group, struggles against the drop in mineral prices, the company resolved to reduce its capital spending to around USD8 billion in 2015.
Online retailer navabi raises EUR10 million in Index Ventures-led Series C investment round
German startup navabi, which sells designer brand clothing online, drew EUR10 million in new Series C funding from institutional investors led by private equity firm Index Ventures.
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UK-based multinational publishing and education company Pearson reportedly agreed to buy Brazilian Grupo Multi for GBP440 million in a cash and debt assumption. Grupo Multi provides English language training to over 800,000 students in Brazil.
New rules set forth by the UK Pensions Regulator will enable companies to make their businesses more sustainable while still being able to give their employees their retirement benefits.
A Financial Times report said investment banks worldwide are set to reduce employee remuneration for the third year even as profits have increased, highlighting the importance placed on shareholder returns than on the pay of employees.
A second data center in Amsterdam was launched by software Design Description (SDD)-only web hosting and cloud infrastructure provider DigitalOcean as part of its strategy to meet customer demand in cloud services.
Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.
Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-shares and 29.8 million B-shares.
London-based private equity firm Montagu will be exiting from its Polish broadcast infrastructure firm Emitel. American investment firm Alinda Capital Partners reportedly agreed to buy Emitel in a deal that could be worth EUR840 million.
Belfast-based scientific digital camera maker Andor Technology refused the GBP166 million buyout offer from English tool manufacturer Oxford Instruments. Oxford Instruments had been negotiating the takeover deal with Andor for months now.
According to a report on The Telegraph, British Chancellor George Osborne is said to be thinking of modifying the rules in the country's Enterprise Investment Scheme or EIS to boost investment in the venture capital industry.
