Industrials

DeepWell AS

Norwegian private equity firm HitecVision invests in DeepWell

Norway-based private equity group HitecVision has announced a growth capital investment in well intervention services provider DeepWell AS in a deal that marks HitecVision's entry into the well intervention industry.

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Huntington Ingalls Industries

Huntington Ingalls buys Colorado-based firm Stoller

Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which financial terms were undisclosed.

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Oil and Natural Gas Corp (ONGC)

India's ONGC to spend $9 B in the next decade for oil, natural gas production

Oil & Natural Gas Corp or ONGC said it would be spending about $9 billion in the next ten years to produce oil found in new blocks in the east coast of India.

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Bunge North America Inc.

Bunge North America sells stake in corn-based ethanol plant to Ergon

Bunge North America Inc., a unit of food processing company Bunge Ltd, has put up for sale its remaining stake in Ergon BioFuels LLC for an undisclosed sum. The said stake will be bought by its joint venture partner Ergon Inc.

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Gold

China Gold eager to buy gold, copper mines in Canada

China Gold International, a Vancouver-based gold miner, is interested in acquiring gold or copper mines in Canada, but is not willing to overpay for it. China Gold is backed by China's biggest gold producer China National Gold.

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Canadian Pacific Railway

Canadian Pacific Railway to sell western portion of line to G&W in $210M deal

Canadian Pacific Railway Ltd said it will be exiting a part of its Dakota, Minnesota & Eastern line to Genesee & Wyoming Inc for a price tag of $210 million.

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China rare earth metals

Baotou Rare Earth acquires nine regional miners in China

China-based rare earth metals producer Inner Mongolia Baotou Steel Rare Earth Group has added nine regional mining firms as part of a government bid to consolidate the industry.

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Eike Batista

Eike Batista's Oleo e Gas to honor $31.2 million oil field debt

Oleo e Gas Participacoes, controlled by Brazilian investor Eike Batista, promised to repay its $31.2 million debt in two oil fields located south of Rio de Janeiro. Oleo e Gas could lose its 40% stake in the said oil fields if it fails to repay its joint venture partners.

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George Soros

George Soros follows Bill Gates lead, buys stake in Spain's FCC- sources

Sources told the Financial Times that billionaire George Soros has bought a 3.1% stake in Spanish builder FCC. The acquisition happened just three months after Microsoft's Bill Gates also made a bet on the company.

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India Steel

Fair trade regulator clears Indian steel merger

Competition Commission of India (CCI), the fair trade regulator, said in a published order that it has given its approval for the planned merger of steel companies Shree Uttam Steel and Power and Uttam Galva Steels.

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Temelin Nuclear Power Plant

Czech conglomerate CEZ Group may sign $10B Temelin nuclear plant expansion deal in 2015

CEZ Group, a utility conglomerate based in Prague, could ink a $10 billion deal to expand the Temelin nuclear power plant some time in the second quarter of 2015. CEZ is in talks with US' Westinghouse and a consortium that includes Russia's Atomstroyexport, according to a Reuters report.

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Saudi Arabian Airlines

Saudia to privatize four more businesses

Arabian Business said in its report that businesses of the state of Saudi Arabia, including Prince Sultan Aviation Academy and Saudia Private Airline, will be privatized soon.

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Aliko Dangote

Nigerian business magnate Aliko Dangote to reduce stake in Dancem by October

Dangote Industries Ltd, Alhaji Aliko Danagote's holding company, has up till October 26 to sell down or dilute its stake in cement manufacturer Dangote Cement PLC. The reduction in shareholding will enable the cement company to comply with flotation regulations in Nigeria's bourse.

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ARX Equity Partners

ARX Equity Partners exits majority stake in film extruder Ergis

ARX Equity Partners, a private equity firm based in Czech Republic, has sold its controlling stake in film extruder Ergis-Eurofilms SA. Ergis claims to be the largest film extrusion group in the country.

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Oil and Gas Refineries

Indonesia plans new oil infrastructure to augment dropping production levels

Plans to improve oil production facilities in Indonesia are underway to meet rising local consumption of oil and in effect, increasing drilling-related expenses reimbursed by the national government

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