Telecom Italia announced that it had ended contacts with Hong Kong based Hutchison and directed its focus to spin off its fixed network and make it an independent company.
Investors
British Land Acquires London Site for GBP470 Million
British Land announced its acquisition of a west London office complex over a deal priced at GBP470 million.
DoCoMo still resists iPhone, its obstinacy results to customer drop
NTT DoCoMo of Japan still refused to make a deal with Apple resulting to the lessening number of customers.
Japan’s Seibu and Cerberus Meets to Discuss Listing
According to sources, Cerberus Capital Management LP and Seibu Holdings Inc would meet to discuss possible listing on the Tokyo Stock Exchange said on Friday.
Nikkei: Panasonic Closes Hungary Solar Cell Factory
Panasonic Corp decided to close its Hungarian solar cell plant after the yen weakened and would transfer its equipment to other plants in Asia.
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1Malaysia Development Bhd acquired a local power plant for US$380 million. 1Malaysia Development Bhd (1MDB), a state-owned company, announced that it would pay an estimated US$380 million for the acquisition of a local coal power plant.
Apollo Global Management announced that they have completed the first stage for their capital rising
Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
British Land’s new investment was expected to boost earnings earlier than planned. British Land said that its investments, now totaling over £750 million, would be expected to boost the company's earnings earlier than planned.
Smiths Group and two of its UK pension schemes came upon an agreement. Smiths Group Plc announced that it had come upon an agreement with two of its major UK pension schemes.
Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.
Colin Benner, founding board member of Dalradian, resigned from the company's board on Thursday.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
