Weather New York, NY +87°F

Africa

Johann Rupert

South Africa's Rupert offers ZAR2.34 billion to acquire ElementOne

Wealthy businessman Johann Rupert of South Aftica has offered ZAR2.34 billion to purchase ElementOne, a company which owns a large stake in Caxton and CTP Publishers and Printers, according to the Sunday Times.

Read Full Article
Bidvest Group

South Africa Bidvest 's new offer could derail CFR's takeover bid for Adcock Ingram - report

South Africa's industrial conglomerate has joined forces with unlisted drug firm Community Investment Holdings (CIH) to buy a stake in Adcock Ingram in a move that could derail Chilean company CFR Pharmaceutical's takeover bid, said a Business Day Live report.

Read Full Article
Port of Brisbane

Top deals of the deay - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy

Read Full Article
Adcock

Chilean drug maker CFR makes BEE pledge in Adcock takeover

Chile-based drug firm CFR Pharmaceuticals promised a 25.1% stake for its black shareholders should the acquisition of local pharmaceutical company Adcock Ingram be approved, in line with South Africa's black economic empowerment (BEE) codes.

Read Full Article
Protea Hotel Group

Protea bets NGN11.13 billion in Nigeria's hospitality industry

Protea Group has invested NGN11.13 billion (over USD70 million) for the development of more hotel brands in Nigeria, according to the group's chief executive officer.

Read Full Article
Private Equity Africa

Africa brought in over $2B in closed private equity funds -report

Africa-focused private equity (PE) fundraisers have secured more than USD2 billion from January to September, according to Private Equity Africa, a publication for fund managers and investors.

Read Full Article
UBS

UBS scales back its corporate advisory services in emerging markets

The Corporate Advisory Group of Swiss lender UBS, said three unnamed sources, will be scaling back its team in charge of providing corporate advisory and investment banking services to the ultra-rich in emerging markets including Asia and the Middle East.

Read Full Article
Bitpesa

BitPesa to challenge Western Union, money remittance players via Bitcoin

BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.

Read Full Article
Game Stop store in Encinitas, California

Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday including Sinopec, Apache, AMR, US Airways, Deutsche Bank, EDF, Oxford, Andor, Bank Zachodni WBK, Shuanghui, Campofrio, OCZ, Toshiba and CVS Caremark.

Read Full Article
Turkcell head office in Istanbul

Turkcell sues MTN in South Africa for $4.2 billion in Iran damages

Turkish mobile phone company Turkcell has taken to a South African court its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of "corruption and bribery" that caused it to lose a contract in Iran.

Read Full Article
Burger King

Burger King forms joint venture to take on McDonald's in France

Burger King Worldwide Inc. formed a joint venture with Bertrand Holding Co. and Naxicap Partners to open new stores in France in the first half of next year. Burger King returned to the country last year, opening three stores with Italian restaurant operator Autogrill.

Read Full Article
Namibia Power Corp

NamPower to raise USD496 million for grid investment

Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.

Read Full Article
Gold Fields Ltd

Gold Fields keen to stretch maturities of loans - CEO

Due to the swing of gold prices, South African mining company Gold Fields Ltd had resorted to negotiating with its creditors for an extension of its loan maturities, said Gold Fields CEO Nick Holland.

Read Full Article
Indian Angel Network

Indian Angel Network eyes investment opportunities in UK, Singapore

The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.

Read Full Article
Karuturi’s farm in Bako, Ethiopia

Ethiopian program to lease farmland for food production to private investors encounters setbacks- report

The Ethiopian government's program to lease farmland to private investors to grow food has experienced several setbacks, a report from Bloomberg said. The program was started in 2008.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics