Oxea was purchased by Oman Oil Company from Advent International for EUR1.8 billion. An agreement was formalized between Oman Oil Co and Advent International for the purchase of Oxea.
Deals
Mitsubishi Corp to invest in energy development projects through private equity fund
The Energy Opportunity Fund LP is managed by Mitsubishi backed Alternative Investment Capital Ltd. Japan's largest trading firm and biggest importer of liquefied natural gas, Mitsubishi Corp, had laid out plans to lead the start up of its first energy focused private equity fund.
Canadian Tire REIT raises funds through share sale
A share in CT REIT is worth CAD10 each and 26.35 million trust units were sold. The real estate investment trust of Canadian Tire Corp had raised CAD263.
Aeroflot's budget airline Dobrolet to ferry a million passengers in 2014
Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.
Elliot Management seeks higher valuation for its shares in Kabel Deutschland
Elliot Management is holding out for a higher valuation of its shareholdings in Kabel Deutschland in the takeover bid by Vodafone Group Plc.
Latest News
Bahraini businessman Mahmood Al Kooheji quit his post as Tamkeen CEO without providing a reason for the said decision.
Achates Power completed its Series C funding round with USD 35.2 million from existing investors which included Sequoia Capital Partners, RockPort Capital Partners, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners.
In an interview with Bloomberg, Deyaar Properties CEO Said Al-Qatami confirms the investment in buildings located in Dubai.
Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.
Marlin Equity Partners bought iolo technologies and merged the acquired company with Phoenix Technologies.
The government of South Africa had planned to obtain a 20% free stake in each of new oil development projects.
Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
Mobile financial solutions provider Level initially closed its Series A funding round with USD 5 million.
CalCEF Clean Energy Angel Fund sold Allopartis Biotechnologies to Novozymes. CaICEF Clean Energy Angel Fund I exited from its portfolio company Alloparties Biotechnologies Inc.
