General Motors wanted to compete with Japanese auto-makers who dominate Indonesia by launching its no-frills Spin van.
Deals
Azimuth Changes Board Prior to Troy Resources' Takeover
Azimuth changed its board members prior to Troy Resources' takeover. Azimuth Resources Limited, a company involved in the exploration of gold and uranium in Guyana, announced that there would changes its board members prior to Troy Resources Limited's takeover of the company.
Etihad Close To Making Deal With JAT
Etihad announced that they are near to closing deal with JAT Airways Etihad Airways announced that they are close to coming to an agreement over an equity investment with JAT Airways.
British Land Acquires London Site for GBP470 Million
British Land announced its acquisition of a west London office complex over a deal priced at GBP470 million.
Japan’s Seibu and Cerberus Meets to Discuss Listing
According to sources, Cerberus Capital Management LP and Seibu Holdings Inc would meet to discuss possible listing on the Tokyo Stock Exchange said on Friday.
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GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.
1Malaysia Development Bhd acquired a local power plant for US$380 million. 1Malaysia Development Bhd (1MDB), a state-owned company, announced that it would pay an estimated US$380 million for the acquisition of a local coal power plant.
Apollo Global Management announced that they have completed the first stage for their capital rising
Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
British Land’s new investment was expected to boost earnings earlier than planned. British Land said that its investments, now totaling over £750 million, would be expected to boost the company's earnings earlier than planned.
Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.
South Korea's SK Energy returns to the naphtha market and makes 35,000 tonnes purchase (Photo : Reuters)SK Energy of South Korea buys 35 tonnes of cargo from Oil and Natural Gas Corp SK Energy, South Korea's top refiner bought 35,000 tonnes from Oil & Natural Gas Corp.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
Unilever was unable to raise its holding in Hindustan Unilever Ltd (HUVR) to its goal of 75%. (Photo : reuters. com)Unilever seeks to gain 75% control of Unilever Hindustan Unilever's public offer of INR600 a share to gain higher control over Unilever Hindustan was met with lukewarm response.
