Russian diamond company Alrosa announced on Wednesday that it has planned to sell 14% of its stake on the Moscow bourse.
Investors
Tesco Plc would extend its reach into China with its new investment
Tesco Plc paid HKD4.33 billion or USD588 million for 20% of its venture with China Resources Enterprise Ltd.
Singaporean state fund GIC Pte invests in Brazilian sewage and water treatment plant
A BRL 300 million investment would be done GIC Pte in Aegea Saneamento e Participacoes SA. The Singaporean state fund GIC Pte had entered into an agreement that an investment worth BRL300 million or USD135 million in a Brazilian utility firm.
Portugal Telecom and telecom giant Oi consolidates in new merger
Portugal Telecom announced in a statement that it would be merging with Brazilian telecom company Oi.
SAP allocates USD650 million to new venture fund
Software company SAP AG said it would be pouring over USD650 million to its new SAP Ventures Fund II.
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Russian payment transfer company QIWI announced floating an additional 8.2 million shares following 12.5 American depository shares it had floated earlier this year.
Redpoint Ventures announced on Tuesday that it had hired former Twitter Inc executive Ryan Sarver as a partner in the venture capital firm, according to a company press release.
Cargill Inc. and Archer Daniels Midland Co. were in final stages of discussion to close an acquisition deal that could be worth as much as USD2 billion, according to sources.
Wix.com filed for an initial public offering valued up to USD100 million, said a Reuters report. On Tuesday, Wix. com Ltd. had filed with the US regulators to raise USD100 million in an initial public offering of common stock.
According to a Reuters report, venture capitalists showed no signs of shying away from startup investments related to Bitcoin even as authorities increased scrutiny among numerous virtual currency firms.
On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.
Merck & Co. decided to cut its annual spending by USD2.5 billion and eliminate more than 10% of its global workers.
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
