Carrefour posted improved profits in the first half of 2013 despite discontinuing a number of operations.
Deals
Tanzania signs USD 111 million oil palm joint venture agreement with Singapore's Nava Bharat
Tanzania's National Development Corporation signed a joint venture agreement with Nava Bharat of Singapore for an oil palm farm and processing facility.
Biopharmaceutical firm ObsEva scores CHF 32 million in Series A round
Geneva-based biopharmaceutical company ObsEva announced that it was able to raise CHF 32 million for its Series A round.
Vodafone says 'no certainty' to Verizon buyback agreement
Vodafone Group released a statement saying that there is “no certainty that an agreement will be reached.”
Mubadala, Trafigura join bidding war for MMX Mineracao & Metalicos- sources
State-owned Mubadala Development Co and Amsterdam-based Trafigura Beheer submitted joint bids for Eike Batista's MMX Mineracao & Metalicos.
Latest News
Founders of ENRC announced that investors had already accepted up to 94.5% of its buyout offer. Founders of the Eurasian Natural Resources Corporation (ENRC) announced that investors had already accepted 94.
Playtech said it intended to spend more than EUR 600 million for acquisitions to capitalize on the increased use of mobile devices for online betting.
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.
Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.
German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.
MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.
