The largest budget carrier in Asia plans to invest $30 million to $60 million into its new airline venture in India.
Deals
Printemps in Discussion with Qatari-Italian Consortium
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
LVMH buys minority stake in designer Maxime Simoens
LVMH unveiled its first acquisition in fashion in four years on Thursday when it took a minority stake in young French fashion brand Maxime Simoens for an undisclosed sum.
Owners Plan to Sell 90% Stake at French Department Store Printemps to Qatari Investors.
Printemps owners are said to have been aiming to sell their 90% share in Qatar. Businessman Maurizio Borletti of Italy said that owners of Deustche Bank's real estate arm RREEF are selling their 70% share at French department store and tourist hotspot Printemps.
WPS Holidings says to go Private
WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Latest News
Celtic Exploration Ltd can now be acquired by giant energy firm ExxonMobile when Ottawa approved the merger under the Investment Canada Act.
Private equity company decides sale of its sports and modeling talent agency IMG and is looking for an investment bank to lead the auction.
MGM Resorts chair Jim Murren said Crystals luxury mall has potential buyers (Photo : Reuters) MGM Resorts International's chief executive said he remains bullish on Macau despite reports of slowing growth in the gambling enclave of China.
The New York Times is putting up the Boston Globe group for sale for a second time (Photo : Reuters) For the second time, the prestigious Boston Globe has been put up for sale by its current owners, the New York Times Co.
ExxonMobil purchases Celtic Exploration (Photo : Reuters) In compliance with the Investment Canada Act, the Canadian Minister of Industry has recently announced the approval of the acquisition by ExxonMobil Canada Ltd of Celtic Exploration Ltd.
CSC divesting interest in ESI. An agreement was recently reached by CSC and Itochu Techno-Solutions Corporation (CTC) together with the ITOCHU Corporation for the sale of the Enterprise Systems Integration (ESI) unit at CSC.
Essex Property purchases Fox Plaza property Essex Property Trust, Inc. , one of the foremost property developers in the West Coast has expanded in its property interests in San Francisco, California with the recent purchase of the Fox Plaza.
Forstmann Little is now deep into preparation for the sale of IMG, the sports and modelling agency. IMG, one of the most prominent talent agencies in the world who represents such names as Serbian tennis superstar Novak Djokovic as well as Brazilian supermodel Giselle Bundchen-Brady has recently been put up for sale.
Pinterest wins US$200,000 funding to increase value to US$2.5 billion. (A screen grab of the home page of Pinterest. com) Pinterest, the most popular online image pinboard recently won US$200 million worth of new funding for its operations.
