Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.
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Einhorn Criticizes Dell Privatization Plan
Dell stock buyout plan seen as unfair. The Dell privatization plan is facing stiff criticism from hedge fund manager David Einhorn. Einhorn, who is in the midst of battle with Apple over that technology innovator's US$137 billion cash fund, is using the buyout of Dell shares as a cash policy that is unfriendly to its shareholders.
Oxygen Finance Names Mark Hoffman as New CEO
Former Commerce One CEO Mark Hoffman has been appointed as Global CEO at Oxygen Finance Oxygen Finance has named Mark Hoffman as Global chief executive officer to lead its revolutionary business-to-business (B2B) payments network worldwide.
Russia Sees No Requests for Qatari VTB Share Sale
Russia said that the government is still not receiving any requests to buy Qatar-controlled VTB. Russia has said that it did not receive any requests from sovereign wealth fund from Qatar to purchase shares in state-controlled bank VTB, accounting to Russian First Deputy Prime Minister Igor Shuvalov.
Tata Sons JV Exposure Capped at Rs 49 crore
Tata Sons limits liability in airline joint venture. It what it called a as a mere 'financial investment', Tata Sons announced it was placing a ceiling on its joint venture into the airline business at Rs 49 crore.
Latest News
Business software maker Compuware Corp is exploring a sale and talking to buyout firms to gauge takeover interest
Prokhorov selling stake at Polyus. Flamboyant Russian billionaire Mikhail Prokhorov is finalizing the details of his divestment of his thirty eight percent share in Russia's biggest gold miner.
India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.
KKR bids on AXA's private equity funds unit. Henry Kravis's KKR and Co. is making its largest buyout bet when it weighs in on the purchase of AXA SA's private equity fund division.
TVS Logistics buys Rico Logistics TVS Logistics has announced it has acquired a majority stake from UK based firm Rico Logistics. This purchase would be in line in achieving the objective of US$1 billion turnover on or before 2015 as well as expand opportunities in the country.
Enterprise a sub unit of 3i was sold to Ferrovial for GBP 385 million. Ferrovial of Spain recently announced that it has agreed with the 3i Group to purchase in full the UK based services company Enterprise for a whopping GBP 385 million or US$589 million.
Netia to buyback shares of stock in 2013. Netia, Poland's second largest telecommunications group is considering the implementation of a share buyback programme totaling 128 million zlotys or about US$41.
Carlos Slim pumps in more money into Dutch firm KPN. The world's richest man, multibillionaire Carlos Slim has increased his stake in KPN with a fresh Eur4 billion infusion into the Dutch telecommunications group.
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
