Plains All American Pipeline LP offered USD740 million in stock to buy the 54% of PAA Natural Gas Storage LP that it does not already own.
Deals
Hesse economy minister says sale of Commerzbank an option
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
Seadrill expects high profits in coming years
Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.
PwC pension fund to buy stake in German skyscraper
A PricewaterhouseCoopers (PwC) pension fund had been talking with CA Immo on buying a stake in Tower 185, Germany's fourth-tallest skyscraper.
Loan-covenant breach risk cuts Playboy’s ratings - S&P
Standard and Poor's (S&P) had concluded that Playboy Enterprises Inc would likely be under pressure from its USD185 million loan-covenant to reduce its loans and increase its earnings.
Latest News
AssuredPartners closed its purchase of GBP Risk Solutions, an Arizona-based insurance firm. Florida-based AssuredPartners Inc announced the completion of its acquisition of Golseth & Gregson Insurance Services which does business as GBP Risk Solutions.
Sources told Bloomberg that Inner Mongolia Sanwei Resources Group Co submitted an application for an IPO in Hong Kong worth USD 200 million.
Russian billionaire Roman Abramovich is close to concluding purchase of White Gardens, a top-end office complex in Moscow's business district.
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Sources said Grupo Mexico would delay its planned initial public offering of its America Mining stake.
The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
South African grocer Spar Group Ltd said it would be working with an Angolan partner to open a store in Luanda in the next six months.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
Ultratech Cement is in the advanced stages of its discussions with Jaypee Cement Corporation for the acquisition of 51% stake in the company's Gujarat facility.
