Reconstituted tobacco leaf related companies from Norway's portfolio fund. The sovereign wealth fund of Norway, which is also the world's largest, has excluded Schweitzer-Mauduit International Inc and Huabao International Holdings Ltd from its corporate portfolio due to their involvement with tobacco production.
Archives
Increasing number of Hedge Funds going into municipal debt
More and more hedge funds are infusing money into cash strapped municipal governments. In the last twenty years, specialized private equity firms have lorded corporate bankruptcies, being called 'vultures' and at the same time infusing capital for these distressed companies.
Dangote to Build Refinery
Dangote to build refinery with funds Africa's wealthiest man, Aliko Dangote, announced that he has negotiated loans amounting to US$4. 25 billion to fund the construction of a refinery to help the African continent's biggest crude oil producer be weaned from gasoline imports.
Katara Hospitality To Purchase Hotel in London
Katara Hospitality is set to acquire an unnamed hotel in London. Katara Hospitality of Qatar is nearing the completion of the acquisition of its first hotel property in London.
Qatar Petroleum Owned Companies to do IPO
Qatar Petroleum would do IPO for four companies it now owns. In a statement, Executive Board Member of Qatar Holding said the state owned Qatar Petroleum would be offering shares in four of its units in the next few years.
Latest News
Health Care REIT acquires 75% of shareholdings, including debt and prepares for the IPO. Health Care REIT has agreed to pay Revera Inc, the Canadian senior housing operator, the amount of US$697 million in cash in exchange for a majority ownership in the 47 senior housing communities it operates.
PT Pembangunan Deltamas to do IPO for the third quarter of the year. PT Pembangunan Deltamas, the Indonesian industrial parks operator, is seeking to raise nearly US$250 million through an initial public offer scheduled for the third quarter of 2013.
Yahoo's Marissa Meyer sought to end the search ad agreement with Microsoft and opt for Google's very own.
China Mengniu Dairy Co Ltd purchases shareholdings in China Modern Dairy Holdings. The China Mengniu Dairy Co. Ltd has recently entered into an agreement to purchase US$410 million shareholdings in the largest unpasteurized milk producer in China.
Petronas of Malaysia has purchased a stake in a Brazilian oil field owned by Eike Bautista. Petronas, the state backed Malaysian oil company Petronas has entered into an agreement to pay US$850 million for a stake in an oil field located offshore in Brazil.
Apollo Global's two founders and other cornerstone investors have committed to sell off part of their shareholdings.
Coty, the fragrance and nail polish maker, is preparing for an IPO. Nearly US$700 million is expected to be raised for the initial public offer of Coty.
Berkshire Hathaway increases shareholdings in DaVita Health Care. Berkshire Hathaway, the largest investor in DaVita Health Care Partners Inc, has entered into an agreement to increase its shareholdings to 25% of the US operator of dialysis clinics.
SoftBanks's CEO may meet a cold reception when their founder and president meets with Sprint shareholders.
