The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
Deals
Canso Select Opportunities raises USD 90 million in Toronto IPO
Canso Select Opportunities Fund closed its Toronto IPO with USD 90 million. Lysander Funds Limited announced that its Canso Select Opportunities Fund completed its initial public offering at the Toronto Stock Exchange today.
Blackstone, GIC to acquire majority stake purchase of Rothesay Life
Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.
Bill Gates buys 6% stake in FCC
Bill Gates bought a 6% stake in Spain's FCC for EUR 113.5 million. Billionaire Bill Gates had purchased a 6% stake in Spain-based construction firm Fomento de Construcciones & Contratas or FCC.
Beechraft attracts three suitors for takeover - sources
A report by Bloomberg said at least three companies had been eyeing to acquire US planemaker Beechcraft Corp.
Latest News
A Bloomberg report predicted that billionaire Carlos Slim could invest in telecom companies in Europe and Brazil after his botched buyout of Dutch telecom company Royal KPN NV.
Legoland Dubai's main promoter is seeking to raise funds through an IPO set in the London Stock Exchange.
Uniqa Insurance would be purchasing Baloise Holding's Croatian and Serbian units in a deal worth EUR 75 million.
The initial public offering of Meridian Energy Ltd could raise up to NZD 2 billion. Two people who were familiar with the matter said the government of New Zealand would stand to gain in the public listing of state-owned Meridian Energy Ltd.
Wayfair LLC Chief Executive Officer Niraj Shah had disclosed that it would be holding a venture capital round soon.
Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.
Goldman Sachs Group raised EUR 289 million from selling 7 million of shares in German property company LEG Immobilien.
Former Warner Music Group executive Michael Fleisher, who had experienced leading public listings, was appointed by Wayfair LLC as its new chief financial officer.
Reckitt Benckiser Group Plc would be reviewing options for its pharmaceutical business, including a potential exit, according to a Bloomberg News report.
