Top deals of the Day - Bids, Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Infrastructure
Putin, Erdogan Supports Gas Pipeline
The two statesmen had signed the agreement on the said "Turkish Stream" project. The project is about building a gas pipeile from the Black Sea to Turkey. This will be then distributed to European Union nations.
General Electric Eyes on Investing $150 Million in Nigeria
U.S. industrial firm General Electric (GE.N) plans to invest around $150 million in Nigeria by 2017..
Greene Touch Empowers Google Dealing With Home Depot
Google has been witnessed to expand its client service network under the direct leadership of former VMWare co-founder Diane Greene. Google Cloud Platform has announced winning Landing Home Depot as i..
China’s State Backed CRR Corp. Unit Bags $1.3 Billion Chicago Rail Car Contract
Chicago Transport Authority has planned to replace 2,600 age old rail cars with 846 units of 7000-Series cars. CTA has awarded the $1.3 billion deal, the largest purchase in its history to a unit of C..
Latest News
Private equity-backed Endeavor Energy, Joule Africa to construct USD500 million power project
Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD10
Bank of America Merrill Lynch leads in deals in India
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
Top deals of the day - Bids, Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
Government plans sale of 20% Air New Zealand stake
The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.
Newcastle Airport may sell half its stake
Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.
Prime retail space demand seen after closing of Blockbuster
Small business franchises had been scurrying up to acquire Blockbuster's last 300 stores for its prime retail location, high visibility and access to great parking.
UK's CDC Group intends to ramp up investments in India despite difficulties
The CDC Group, the development finance institution of the UK government, will be pouring more investments in India despite the sluggish economy, delayed reforms and a competitive private equity market
Infrastructure provides opportunities for private equity, hedge funds- report
A CNBC report said the infrastructure industry, including power plants, ports and pipes, has given private equity companies and hedge fund firms opportunities for investment.
Chinese company to build infrastructures in Sri Lanka worth USD500 million
Top Chinese company China Harbor Engineering Company will be building two hotels and a golf course in Sri Lanka worth USD500 million. Previously, the company constructed an international airport which
