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Mike Lazaridis

Co-founder abandons bid to acquire BlackBerry

BlackBerry co-founder Mike Lazaridis has officially dropped his plans to purchase the firm via a joint bid with a fellow co-founder as new management struggles to turn the troubled company around.

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Dubai Financial Area

Dubai's Dubai Islamic Bank approves foreign ownership increase to 25 pct

Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.

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Mexico's Sigma, China's Shuanghui share ownership of Spanish meat processor Campofrio in a deal worth $957M

Sigma Alimentos and Shuanghui International Holdings on Monday agreed to share ownership of Spanish canned ham and hotdog processor Campofrio Food Group SA. The co-ownership deal is worth $957 million.

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Starboard Value LP

Activist investor Starboard purchases 5.6% stake, to push for strategy change in Darden Restaurants

Activist investor Starboard Value has acquired a 5.6% stake in Darden Restaurants for $374 million. Starboard will become the second activist investor within months to push for a strategy change in the struggling restaurant operator.

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Fennovoima Ltd.

Finland's Fennovoima inks deal with Russian state corporation Rosatom to construct 1,200MV reactor

Nuclear consortium Fennovoima on Saturday agreed to build a 1,200-megawatt nuclear facility with Russia's state owned corporation Rosatom. Rosatom will take a 34% stake in the group to fill a funding hole left by Germany's E.ON.

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Belo Monte Dam

Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam

Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil

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Rocket Internet

Super-incubator Rocket Internet to channel $410M into Middle East e-commerce

Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce firms in the region.

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Carlyle Group LP

Carlyle buys a minority stake of 28pct in India's Global Health for INR960 crore

Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore. Carlyle as of September this year had invested $1.1 billion in India.

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Daimler AG

Daimler to get 5pct stake in Aston Martin for supplying engines and electronic components

German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a new generation of V8 engines for sports cars.

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Cheng Yu-tung

Billionaire Cheng's firm to acquire stake in Beijing airport

NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.

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Hungary to buy minority stake in Budapest gas supplier

Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).

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Google partners to develop $82M San Jose airport

Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.

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3M Co

3M reveals plans for up to $22B in five years, set to raise dividends

A Reuters report said 3M Co revealed its plans to purchase its shares back worth up to $22 billion, making it the biggest so far in terms of percentage among US companies who have announced similar plans this year.

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Viktor Yanukovich and Vladimir Putin

Russia extends $15B bailout package to Ukraine

The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.

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Tesco PLC

Tesco to invest $110 million in Indian joint venture with Tata Group

British retailer Tesco said it had applied with India's Foreign Investment Promotion Board to acquire a 50% stake in a joint venture with Tata Group. Tesco intends to invest $110 million in the partnership.

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