According to a Reuters report, Alinta is drafting a plan for a US$1 billion debt issue for its TLB debt.
Investors
Arabtec to do Rights Issue Worth US$650 Million
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Sinopec Share IPO Makes Bland Debut
Sinopec shares open on weak investor demand in the market. Sinopec Engineering, amidst all the hoopla, opened to a weak demand in its market debut Thurday.
New Venture Bids to Buy Fisker
VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
FF&P Concludes the Successful Liquidation of Dividends
FF&P returns funds and dividends to is investors, a rare occurrence in Russian corporate life. Garber Hannam & Partners together with Fleming Family & Partners disclosed the final distribution of dividends its the stockholders of FF&P Russia Real Estate Limited (RREL).
Latest News
BEH sets meeting for possible investors for its Eur250 million bond issue. Reuters reported that the biggest energy holdings firm of Bulgaria, BEH, will be sitting down with possible investors in its EUR250 million or US$321.
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
Emirates NBD to do bond issue. Amidst healthy demand, the Emirates NBD had launched a bond issue worth US$1 billion to allow the Dubai lending institution a focused price guidance.
Volksbanken Leasing is to be sold off in compliance with European Commission provisions in its bailout agreement with RZB.
Etisalat has yet to receive a response from Vivendi on its Maroc Telecom bid, according to its CEO. Etisalat is still awaiting advice from Vivendi as to its submitted bid for its 53% shareholdings in Maroc Telecom.
With the agreement between Afferro and IMIC, West African iron ore projects is set to boom. Afferro has entered into an agreement for a US$190 million cash and paper bid from investment group IMIC.
CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
