Trafigura Beheer and Mubadala Development would be purchasing a controlling stake in PortCo, a unit of MMX Mineracao & Metalicos.
Deals
Yandex purchases Russian-language movie website to expand search business
In an announcement today, Russia's largest search engine company Yandex said it had acquired Kinopoisk, a movie review site, for an undisclosed amount.
AstraZeneca purchases Spirogen for USD440 million
British drugmaker AstraZeneca announced on Tuesday that it had purchased biotech company Spirogen in a deal worth USD440 million in total.
Creditors of Energy Future fight over equity split
Secured lenders at Texas Competitive Electric Holdings and unsecured bondholders at Energy Future Intermediate Holdings (EFIH) were in a deadlock about their confidentiality agreements due to Energy Future Holdings' USD250 bond debt payments due on November 1.
Wumart Stores wants to purchase CP Lotus outlets- source
Wumart Stores was said to be in discussions with CP Lotus to buy the latter's units, according to a source who told Bloomberg.
Latest News
The Wall Street Journal reported that China could allow foreign companies to sell shares in the free trade zone in Shanghai.
Tokyo Gas said it would looking at majority stake purchases for mid-sized LNG projects in Southeast Asia or Africa to bring down import costs.
After purchasing stake from OdontoPrev's CEO Luiz Zanetti, Banco Bradesco took full control of the dental care services firm.
Private equity firm KKR injected USD 300 million to First Data's balance sheets to help it refinance its debt.
Private equity companies were the reason for the frozen yogurt shop explosion in the US, according to a CNBC report.
Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
VEBA Trust pegs shareholdings at USD3.6 billion. The healthcare trust affiliated with the United Auto Workers union had finally placed a price tag on the worth of its shares in Chrysler Group.
With the latest mishaps besetting Southeast Asia's oldest light railway transit system, bidding for its upgrade and improvements have resulted in one remaining bidder.
