Oil firm Occidental Petroleum Corp would be selling minority shares in some of its operations to increase shareholder value.
Deals
Boxer scores USD 3 million from Sutter Hill Ventures in seed round
Sutter Hill Ventures invested USD 3 million in the seed funding round of Boxer. Mobile inbox developer Boxer received a seed round investment of USD 3 million from Sutter Hill Ventures.
Chukong raises USD50 million in Series D funding, denies IPO rumors
A total of USD50 million in investment funding was received by mobile game developer Chukong Technologies from backers including GGV capital and Sequoia Capital.
Wonga acquires Germany equivalent of PayPal to expand its payment business
In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
Russia-China Investment Fund to acquire forests products group
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Latest News
Hyundai Rotem Co had priced its shares at a maximum amount of KRW 23,000 apiece after its IPO was oversubscribed.
On Friday, the European Central Bank said it would receive an early repayment of loans from banks next week valued at EUR5.199 billion.
Berlin-based Labfolder's product was aimed to help scientists plan and document experiments. CORRECTION: Changed facts in title and in article body.
People familiar with the bidding of ParknShop told Bloomberg that the Charoen Pokphand Group and Woolsworths Ltd were considering of abandoning their bids for the supermarket chain.
A group of investors obtain class action approval against Morgan Stanley for the controversial Pinnacle notes.
The Kuwaiti Investment Authority's property division St Martins is in discussion to purchase the More London complex.
Iron Mountain had purchased Cornerstone Records Management in an all-cash transaction priced at USD191 million.
About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.
Air France-KLM CEO Alexandre de Juniac said a company restructuring should happen in Alitalia before the French carrier would consider putting out a takeover offer.
