Affin Holdings squelched rumors as to the supposed takeover bid by AMMB Holdings. Affin Holdings Bhd has squashed speculations that it is discussions with AMMB Holdings Bhd regarding AMMB's acquisition of the company.
Deals
Bharti Airtel Acquires Warid Telecom
The Ugandan mobile telecommunications market grew smaller when Bharti Airtel, the second largest, acquired the third largest, Warid Telecom Uganda.
Piraeus Gets Shareholder Approval
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Vitol Purchases Assets from Rialto
Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Warburg Pincus Invests in INEA of Poland
Warburg Pincus invests an undisclosed amount in INEA of Poland for less than majority shareholdings.
Latest News
GSK would form a joint venture partnership with Avalon Ventures to provide financial and technical support to drug-discovery start up companies.
Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.
Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.
A consortium led by CEO Jing Lou and CPEChina Fund Ltd has made a higher bid for 3SBio. 3SBio, a biotechnology company from China that focuses on research, development, manufacture and marketing of biopharmaceutical products, has announced the receipt of a proposal letter from CPEChina Fund LP.
The Australian Competition and Consumer Commission had approved the merger of Virgin Australia and Tiger Australia.
France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Asia United Bank is planning to sell 88 million in primary common shares priced at Php 110 per share.
Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.
