The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
Private Equity
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A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
Sources told the Wall Street Journal that KKR & Co would be pouring in an initial USD100 million in a wireless communications infrastructure project with investment firm Associated Partners LP.
Payfone was able to gather a USD 10 million investment from Early Warning Services.
Guy Carpenter said the global pension fund industry has invested USD 10 billion worth of funds in insurance.
Livonia Partners would be investing in three Baltic economies with a private equity fund valued at USD 117 million.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
In a news report in the Italian daily Il Messagero, a letter from Air France CFO criticized Alitalia for the lack of information regarding key decisions made on their joint venture where it owns 25%.
Japan Exchange fell after expectations were unmet as major stocks pulled down the market.
The approval for a bridge loan was given to McKesson to facilitate its acquisition of Celesio AG.
The amount of USD6 million was raised by Flint Mobile from its capital investors.
Anonymous sources revealed the near completion status of the deal between Telefonica SA and PPF Group NV for the largest phone company in the Czech Republic.
Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital.
