Matrimony.com is now preparing for IPO. In a country that spends US$37 billion a year on weddings, it is no wonder that one of its premiere matchmaking sites is going public.
Investors
Leeds Utd Owner Sells 10% to Bahrain Bank
International Investment Bank of Bahrain purchases 10% of Leeds United Football Club. Leeds United, the UK football club has sold a 10% stake to the International Investment Bank of Bahrain.
Liberty Global Buys 12.7% Stake in Ziggo
Liberty Global reaches deal with Barclays to purchase 12.7% stake in the latter's Ziggo. Liberty Gobal Inc. has acquired a stake worth 12. 7% in Dutch cable television operator Ziggo NV from Barclays Plc following the British bank's failure to seek buyers in a share sale last week.
QInvest Opens Range of Islamic Funds
QInvest to launch new Islamic funds not just for GCC consumption but for the world as well. QInvest, the investment bank with majority shareholdings owned by Qatar Islamic Bank, announced that it would plan to launch at least thirty Islamic funds in the next three years.
Toyota Industries Closes Tender Offer for Cascade Share
Transportation equipment firm Toyota Industries Corp. made completion of its tender offer for shares in Cascade Corp.
Latest News
Shares in Tipco have increased dramatically despite the possible buyout by a group led by Thai billionaire Chareon Sirivadhanabhakdi.
Perform enters into partnership with ACBJ, current owners of the Sporting News. Perform, the British digital rights firm has entered into a partnership with Sporting News, the US media brand to boost its expansion into the North American Market.
Constellation Hotels has purchased IHG's London Park Lane Hotel for over GBP401.5 million. Constellation Hotels has recently acquired the InterContinental London Park Lane hotel for the amount of GBP 400 million.
In compliance with current regulations, Novartis AG is selling of a part of its shareholdings in Novartis India.
Hoau, TNT Express' road business in China is now the property of CITIC Private Equity. TNT Express, the Dutch express delivery service provider has announced the sale of Hoau, its domestic road business in China.
After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.
Mikhail Fridman goes head to head for VTB for Tele2. Russian billionaire tycoon Mikhail Fridman is ready to outbid VTB banks offer to purchase Tele2's Russian subsidiary.
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
The British oil company BP is pushing with its investments in the Shetland Islands. BP, the British oil giant is going ahead with an investment project located in the Shetland Islands.
