Hutchison Whampoa would be considering a spinoff for its AS Watson Group unit after it failed to find a buyer for its ParknShop chain.
Deals
Ultra Petroleum acquires Uinta Basin properties for USD650 million
In an announcement today, Ultra Petroleum Corp said it would be acquiring oil-producing properties that are located in the Colorado Plateaus province for company expansion.
AT&T gets US4.85 billion balance sheet anchor from largest wireless tower lot agreement Crown Castle
Crown Castle International Corp was set to own AT&T Inc's 600 wireless towers and be an exclusive operator of the US phone company's 9,100 other towers for a premium price of USD4.85 billion.
Kuwait grants extension for Egypt pay back of USD2 billion aid
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
Mezzan Holding acquires Invest AD
Invest AD, the distribution firm for Red Bull Energy Drink, was recently bought by Mezzan Holding Co to expand its consumer related business portfolio.
Latest News
Douglas Holding said it was exclusively talking with Charterhouse Capital Partners to acquire France-based perfume maker Nocibe.
Woori Finance Holdings closed its preliminary bidding to privatize the largest financial company in South Korea.
French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.
Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.
There would be no obstacle to the USD976 million all-stick consolidation of Office Depot and Office Max Inc as according to unnamed sources in a Wall Street Journal report, the Federal Trade Commission would be approving the merger.
A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.
Private equity-backed Merlin Entertainment Group would be conducting a share sale to raise GBP 200 million in London.
Sources told Bloomberg that Charterhouse Capital Partners was considering a GBP 1 billion offer for G4S's cash solutions unit.
For the price of USD4.85 billion, AT&T sells off and leases telecommunications assets to Crown Castle Int'l.
