The JV between EFG-Hermes Holding SAE and QInvest LLC is at risk for the delayed approval by Egyptian regulators.
Investors
Zain's Iraqi IPO Completion by end of year
Iraqi IPO of Zain to be completed by end of 2013. Kuwait's biggest mobile-phone operator, Mobile Telecommunications Co or ZAIN has said that the compltion of the IPO of its Iraqi unit may not be completed until December of 2013.
Cisco Purchases Ubiquisys
Cisco acquires Ubiquisys for US$310 million in cash and other incentives. Cisco announced last Monday its intention to acquire Ubiquisys for a value of US$310 million in cash and other incentives.
AB InBev Set to Expand to China
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
Bank of Greece Suspends Merger Plan
The merger of the National Bank of Greece and its subsidiary NFG Eurobank is suspended until further notice.
Latest News
The board of directors of Sterling Bancorp, Inc. is being investigated for potential claims in relation to its proposed acquisition by Provident New York Bancorp.
California Governor Jerry Brown sets off to China as part of his continuing efforts to develop commercial ties with Chinese consumers.
Things are heating up between Icahn and the Dell Special Committee on issues of reimbursement, proxy fights and possible litigation.
Investors are resorting to so-called cash funds for higher yields, as strict investment regulations are bringing down returns in the money fund industry.
French transport group Veolia Transdev expects to earn at least 1.3 billion pounds from the sale of assets it had put on sale in Germany, Belgium, Finland and Sweden.
With eyes set on the increasing demands of East Africa's growing middle class, Kenya-based private equity firm Catalyst Principal Partners has started to make investments from its $125 million fund and property ventures.
Investment firm Energy Capital Partners has increased its offer for EnergySolutions Inc. by 40 cents or $4.15 per share.
Rejecting a $6.7 billion buyout offer from rival American Realty Capital Properties Inc., Cole Credit Property Trust III has announced that it has completed the acquisition of Cole Holdings.
Investor Carl C. Icahn can be reimbursed of up to $25 million worth of expenses related to his deal work on certain conditions.
