Billionaire Lucio Tan is considering to exit the aviation industry by means of share sale after two decades in the business.
Deals
Petronas Sees US$20 Billion Investment for Canadian LNG project
A US$20 billion investment is expected by Petronas for its LNG project with decisions to be finalized within this year.
Fannie Mae Shareholders Challenge US Takeover
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
Despite Vietnam Refinery Plan, Idemitsu to Expand Singapore Oil
Idemitsu Kosan Co. planned expansion in its Singapore unit even with an impending new refinery operation to start in Vietnam by 2017.
Dea Oil Struggles For Buyers, Said RWE
RWE AG is struggling to find potential buyers for Dea Oil according to people who are familiar with the matter.
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Rio Tinto received numerous interested parties to purchase its stake after announcing to raise funds for debt payment.
Oil and Natural Gas Company (ONGC) India withdrew its statement last Monday after announcing a deal with Rovuma Area 1 in Mozambique.
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Five board members of the new airline formed from the merger US Airways Group, AMR Corp and American Airlines come from investment firms.
Deloitte, the tax and advisory firm, has bought McColl Partners. (Photo : Reuters)The image is the logo of the top accounting firms in the US, Deloitte.
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
Greece is required to sell off its energy company shareholdings as part of their bailout deal. (Photo : REUTERS)A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels The largest refinery in Greece, Hellenic Petroleum was one of the assets identified in the privatization plan of the country.
Britain's second largest pharmaceutical company, AstraZeneca, plans on buying U.S. based Pearl Therapeutics.
European regulators see no issue with the purchase by Delta Airlines of 49% of Virgin Atlantic. (Photo : REUTERS)The Delta airline logo is seen on a strap at JFK Airport in New York According to Delta Airlines, it is expecting the unconditional approval from the European regulatory authorities for its purchase of 49% of Virgin Atlantic.
