According to its CEO, Aabar would not increase its shareholdings in Arabtec. Investment fund Aabar is not seeking to increase its current 22% stake in Arabtec.
Investors
Sky Network Television Confirms News Corp.'s 44% Stake Sale
New Zealand's dominant television company Sky Network said that News Corp., its major shareholder, will be selling its 44% stake to institutional and retail investors.
MetroPCS Pressured to Update Documents for Merger with T-Mobile
MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Turkish Firm to Launch Sukuk Issue
Agaoglu to float sukuk or Islamic bonds. One of Turkey's largest construction and real estate firms, Agaoglu Group is in the midst of planning the issuance of US$2 billion worth of sukuk or Islamic bonds.
Zain IPO would offload Iraqi Unit
Zain Iraq's IPO would lower Zain Kuwait's stake in company. Zain, Kuwait's largest telecommunications operator would be selling of its Iraqi unit through an IPO.
Latest News
Oil group Repsol reached a deal for the sale of its 5% stake to Singaporean government fund Temasek as it hopes for financial stability.
Temasek increases stake in Repsol. Repsol, the oil conglomerate from Spain, has announced the sale of another 5% interest to the Singaporean government fund, Temasek.
Japan Exploration purchases ten percent stake in Petronas Canada stake. A ten percent stake in a shale gas and liquefied natural gas joint project has been purchased by Japan Petroleum Exploration from Malaysia's Petronas.
Carlsberg is bidding for buyout of 30.31% share in Chinese brewer Chongqing Brewer Co. as it hopes growth in China.
Carlsberg set to take a bigger stake in Chongqing Brewery. Carlsberg has undertaken a takeover bid in the amount of 2. 65 billion Danish crowns or US$461.
Agrium draws battle lines with hedge fund Jana Partners. Agrium the fertilizer maker is at war with its biggest shareholder Jana Partners when the Agrium criticized the plan of Jana to break up the company.
Singapore Telecommunications, along with Amdocs, a software provider for telecoms, have opened a new development center in Israel in addition to similar centers in Singapore and Boston.
Thomas Cook withdraws sale of French subsidiary. Thomas Cook, the world's oldest travel group, in a statement said that it decided not to sell its French business.
Natural gas explorer Ophir Energy Plc of Great Britain is turning into a potential takeover target as it demonstrates to have size bigger than its capability to develop assets on its own.
