Rosneft expects to get EU approval of TNK-BP takeover. An unnamed source familiar with the deal has intimated that Rosneft, the Russian oil conglomerate would get unconditional European Union regulatory approval of its takeover of TNK-BP.
Deals
Tribune Engages Banks for Sale Assessment
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
Oaktree Capital Purchases Countryside Capital
Oaktre pays GBP165 million for Countryside. Oaktree Capital Management LLC, the world's largest distressed debt investor, has purchased Countryside Properties Plc through debt provided by former owner Lloyds Banking Group.
Sinopec Gets Two Thirds Discount with Deal
Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.
Japanese Government to Sell Almost 17% Stake of Japan Tabacco
The government of Japan is making plans for the sale of Japan Tabacco's 17% stake. Japan's government has been in preparation to make sale of almost 17% of long-held state asset Japan Tobacco, expected to fetch up to about %10 billion, according to sources.
Latest News
Potash Corp. has been looking to boost its stake at the world's sixth largest producer of potash.
Carlyle expects interest from its larger rivals in the industry for its defense firm Arinc Inc. Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc.
Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
AB InBev has been negotiating with the Department of Justice to settle lawsuit filed by the government to block its deal to acquire Mexican Group Modelo.
First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.
BH Media has announced that it bought the daily newspaper published by the Lortons in an undisclosed amount.
Rosneft is confident it would get approval from the European Commission for its deal to buy TNK-BP. Russian oil producer Rosneft said that it is likely to get regulatory approval from the European Union for its bid to acquire TNK-BP, a source familiar with the matter disclosed.
CNOOC agrees to pay $15.1 billion to purchase Canadian gas and oil company Nexen Inc. Calgar, Alberta-based oil and gas company Nexen Inc. announced that it was acquired by China's CNOOC Ltd.
The airline companies have appointed executives after concluding a merger which would become the biggest air carrier in the world.
