Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.
Deals
Turkey plans establishment of industrial zone in Addis Ababa
Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.
BioMerieux purchases BioFire
BioFire is bought out by BioMerieux for USD450 million, funded through debt. In an announcement, BioFire Diagnostics would be bought out by BioMerieux for USD450 million.
News Corp sells 33 local newspapers for an undisclosed amount - report
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
Jeju Air contemplates IPO to increase fleet
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
Latest News
Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
REIT British Land said it would buy 50% of Southgate, a shopping center in Bath, for GBP 101 million.
Raiffeisen Bank International said it would be buying out the minority stake in its Croatian business.
Affin Holdings Bhd (AHB) was picked over its biggest competitor, AMMB Holdings Bhd (AMMB), to start talks in purchasing most of Hwang-DBS Malaysia Bhd's investment banking assets.
Yucaipa Cos. and billionaire Ron Burkle filed a letter to Morgans Hotel Group Co. Chairman Jason Kalisman demanding the sale of the New York-based hotelier.
Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.
