VENTURE CAPITAL POST

The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.

Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.

The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.

A joint venture firm was agreed to be formed between Siemens AG and John Wood Group

The recent remarks made by officials of both Bharti and Walmart indicate issues between the two.

Solera Holdings said it would be buying USD 289 million worth of equity interest in Service Repair Solutions Inc from Welsh Carson Anderson & Stowe via a joint venture agreement.

McDonald's representatives told the Company Law Board that the removal of its partner was due to actions violative of their joint venture agreement.

British solar solutions provider Solarcentury announced that it had formed a new venture in solar energy with South African local partner Momentous Energy.

Danish wind turbine producer Vestas Wind Systems announced that it would be forming a new joint venture with Japanese conglomerate Mitsubishi Heavy Industries.

The former CEO of VeriFone (PAY) Systems Inc and GTCR joined to form a new venture called Opus Global Holdings.

Lufthansa Chief Executive Officer Christoph Franz said the European airline had left its door open for the possibility of forging a future alliance with Gulf airline companies.

Microsoft formed a video game venture with BesTV News Media Co to take advantage of more liberal free trade rules on gaming consoles in China's free trade zones.

According to its recent stock filing, NDB Capital Holdings Plc is planning a new private equity venture with US-based firm Zephyr Management LP.

Pelaburan Mara announced plans to invest in a soon-to-be-launched Shariah-compliant fund together with the Al-Rajhi Group of Saudi Arabia.

JPMorgan Chase & Co and the Bill & Melinda Gates Foundation formed the Global Health Investment Fund to combat deadly diseases in developing countries.