Australia gave its approval to China state-owned coal firm Yanzhou Coal Mining Co to move towards a 100% ownership in Yancoal Australia, a Bloomberg report said.
Deals
Abu Dhabi wealth fund to invest $250 million in Hines India Real Estate
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is investing $250 million in Hines India Real Estate, the Indian unit of American property management firm Hines, according to a source familiar with the investment.
Moncler to price IPO at €10.20 per share
Italian ski wear maker Moncler intends to price its initial public offering at €10.20 per share, the top of its earlier indicated range. The deal will reportedly raise €585 million to €681 million.
GM Holden decides to halt auto manufacturing in Oceania by 2017
Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.
Despite asset sales, Australia's BHP Billiton eyes Trinidad and Tobago expansion
Australia's largest oil and gas producer BHP Billiton said it is interested in expanding to the Caribbean nation of Trinidad and Tobago despite some of its asset sales, according to a Bloomberg report.
Latest News
US-based big data company Palantir Technologies Inc has raked in USD107.5 million in a funding round filed last week that valued the firm at USD9 billion.
Fairfax Media Ltd, the leading diversified media firm in Australia, has purchased property data and mapping company Property Data Solutions Pty Ltd for approximately USD30 million.
Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.
Blackstone Group, the largest real estate private equity firm, recently said that it targets more real estate acquisitions in Asia. It has invested USD3 billion in the region since making its first deal in 2007.
Belfast-based scientific camera maker Andor Technology has finally agreed to a GBP176 million takeover bid from Oxford Instruments after five months of stalemate between the two firms.
California-based gifting service Loop Commerce has added a PayPal investment to its previously closed Series A round, increasing the round's total funding from USD7 million to USD12 million.
Canada-based oil producer Cardinal Energy Ltd gathered CAD 225 million for its initial public offering, the biggest IPO in the country since Oryx Petroleum Corp raised CAD 250.5 million in May, a Bloomberg report said.
Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.
Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.
