Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.
Deals
Pactera Receives Bid from Blackstone Led Consortium
Pactera Technology received a letter of intent from Blackstone and Pactera management officers to bid for the firm.
Finnish Mobile DNA to be Auctioned Off
Banking circles are aswirl with talk of the auction sale for DNA mobile of Finland. A group of bankers are putting together a fund worth just under Eur1 billion or US$1.
Alliance and Walgreens to Invest in AmerisouceBergen
Alliance Boots and Walgreens cleared to invest in AmerisourceBergen. In an announcement today by Alliance Boots GmbH and Walgreens Company, it disclosed that they have received the necessary regulatory clearances for their equity investment in AmerisourceBergen Corporation, one of the biggest pharmaceutical companies in North America.
Danone Will Invest in China thru Mengniu
Danone to put up joint venture with Mengniu Dairy. Owner of renowned Evian water and Activia yogurt, Danone, will be spending approximately EUR325 million or US$417 million to put up a joint venture with Mengniu of China.
Latest News
Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.
Elan purchases two new interests as well as plan for another buyback option to blunt the Royalty Pharma drug offer.
Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.
Congo's Inga 3 project has received commitments to be built to address current shortfalls and future rising demand for electricity in Africa.
Japan opens fund for Africa Resource Projects Japan is planning to grant US$2 billion financial support for Japanese firms in the next five year. The available funding would enable them to continue their natural resources development projects in Africa.
Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.
Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.
Saudi Arabian shares increase led by property and petrochemical companies. The majority of the increases in the benchmark stock index of Saudi Arabia was attained in the last four months.
TML Holdings Pte Ltd has extended senior notes with a maturity on 2018. According to Tata Motors Ltd, its subsidiary TML Holding Pte Ltd had extended and budgeted S$350 million or US$280 million of senior notes that has a maturity on 2018.
