IPO is the way for growth for Pegasus Airlines, the Turkish budget air carrier. Pegasus Airlines, the low cost air carrier of Turkey, is offering for sale 34.

Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.

Pearson Plc to transfer its BDFM Publishers shareholdings to Times Media Group Ltd. The owner of the Financial Times newspaper, Pearson Plc has entered into an agreement to sell off its 50% shareholdings in publisher BDFM Publishers.

Distell's purchase of Burn Stewart expands its market. South Africa's largest wine and spirit producer, Distell Group Ltd, is planning to acquire Scotch whisky maker Burn Stewart Distillers Ltd.

Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.

Centrica-QPI joint venture purchases Suncor assets in Canada. Centrica of Britain and Qatar Petroleum International has purchased gas and oil assets previously owned by Suncor Energy.

ING NV would be launching its sale of its US$1.2 billion shareholdings in TMB Bank after the May 5 elections.

Mando's plan to invest in Halla Engineering beyond its means forces Midas to divest its shareholdings in Mando.

Clariant, in compliance with US regulators requirements, would be purchasing deep sea assets of the Gulf of Mexico owned by Ecolab.

Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.