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.
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San Jose mayor leads in bid to ease statewide pension costs
Chuck Reed, the Mayor of San Jose, California, is leading a statewide voter initiative that aims to reduce skyrocketing costs of pension plans and retiree healthcare.
Portugal to sell postal service in first IPO since crisis
The Portuguese government would be selling 70% of postal firm CTT-Correios de Portugal next week in its first initial public offering (IPO) since a financial crisis had hit the nation.
Report shows investors how to trade Japanese tsunami on equities
The Japanese equities market is making a comeback under the leadership of Prime Minister Shinzo Abe. In his Forbes report, contributor Panos Mourdoukoutas suggests four ways investors can trade the Japanese tsunami on equities.
Aussie Treasurer Hockey to approve plans of ADM to increase stake in GrainCorp instead of a takeover
Both Archer-Daniels-Midland Co. and GrainCorp Ltd expressed their disappointment over the ruling of Australian Treasurer Joe Hockey regarding the US corn processor's takeover of one of the largest crop handlers in Australia.
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A Bloomberg report cited officials from India's Finance Ministry who said the government plans to sell some of the stakes it holds in ITC Ltd, Axis Bank and Larsen & Toubro in order to gather funds.
France's two largest petroleum and electric utility firms are vying to develop two 500-megawatt wind projects near Le Treport in France. The French government opened the bidding earlier this year to attract investments of about EUR3.5 billion.
Dublin-based aircraft management firm Amentum Capital Ltd has sold a 25% stake in its business to Tokyo-based investor Financial Products Group (FPG)for an undisclosed amount.
The largest clothing retailer in the US is set to enter the Indian market through a joint venture with Arvind Brands, according to sources interviewed by The Economic Times.
Information, communication and technology (ICT) solutions provider Tech Mahindra is holding a board meeting on Friday to consider a merger with engineering firm Mahindra Engineering Services.
Canadian government talks with Northleaf Capital, HarbourVest for venture capital investment- report
A report from The Wall Street Journal said the government of Canada is in discussions with Northleaf Capital Partners and HarbourVest Partners to manage a portion of the funds it has set aside for venture capital investment.
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.
Just months after pulling out of a planned multi-billion dollar sale of his grocery chain, Hong Kong billionaire Li Ka-shing has started the process for Waston's initial public offering. The global retail business is set to float next year.
Italy's richest man Giovanni Ferrero said that chocolate company Ferrero SpA has no plans to go public or sell out to a bigger rival. Ferrero unveiled his company's vision to expand in Asia and the US in the next decade.
