Powa Technologies receives funding for expansion after PM Cameron endorsed investor infuses money for the firm.
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SBI increases stake in Indonesian subsidiary
In a filing on the Bombay Stock Exchange, the State Bank of India said that it had raised its stake in its Indonesian subsidiary by 99%.
Poland to meet privatization target from smaller stake sales in 2014
Polands 2014 privatization target would be met through several sale of its stakes in listed firms. Poland had expected to meet privatization targets by 2014 through several sale of its stakes listed in companies.
FT: Private equity firms in running for Spain's EVO Banco
Private equity companies Centerbridge and Anacap had been included in the list of bidders for Spain's smaller nationalized lenders.
Vodafone to return USD84 billion to investors after completed deal
After completion of the Vodafone-Verizon USD130 billion deal, Vodafone would return a hefty USD84 billion in cash and shares to its investors.
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The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.
Suntech Power, the solar energy corporation, announced a plan to convert debt to equity as well as inclusion of a new strategic partner.
Vestiaire Collective had raised USD20 million Series C funding to fuel international growth. Vestiaire Collective received USD20 million Series C funding from Condé Nast, previous investor Balderton and Ventech as well as Indivest.
WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd. WPP Plc, the advertising firm, announced it had acquired a minority stake in Candyspace Media Ltd, a multi-platform agency based in the United Kingdom.
Swiss startup KeyLemon had received USD1.5 million in Series A funding from Debiopharm Investment and Swisscom Ventures.
Istithmar World announced the appointment of Ziad Makkawi as its new CEO. The state owned conglomerate of the United Arab Emirates, Dubai World, announced the completion of a USD 25 billion debt restructuring in 2011.
With the pending completion of the third largest deal in history, the CEOs of Verizona and Vodafone are near the goal that had eluded their predecessors.
two sources told Reuters that Emirates would hire former Standard Chartered Plc's executive Manoj Chawla as its Chief Risk Officer.
South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.
