Rosneft CEO Sechin changes tact with Rosneft minority shareholders. The head of Russian top oil producer Rosneft, Igor Sechin announced last Tuesday he is reiterating his cooperation with the minority shareholders of TNK-BP Holding.
Regions
Piraeus Gets Shareholder Approval
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Vitol Purchases Assets from Rialto
Vitol purchases Rialto assets in Ghana and Ivory Coast for upstream financing. Vitol, the oil trader has purchased shareholdings in Rialto Energy's West African oil and gas exploration assets in order to improve and expand its channels for energy supplies.
Warburg Pincus Invests in INEA of Poland
Warburg Pincus invests an undisclosed amount in INEA of Poland for less than majority shareholdings.
Costa Rica to Issue Dual Tranche US Dollar Bonds
The Costa Rican republic would issue two tranches of US dollar denominated bonds at US$500 million each.
Latest News
There has been a solution reached by Romanian and Cypriot authorities for the local unit of the Bank of Cyprus.
STMicroelectronics NV has gone on a separate path from its former partner Ericsson. STIMicroelectronics NV has unveiled new products to address chip demand and increase boost sales for the second half of 2013.
Affin Holdings squelched rumors as to the supposed takeover bid by AMMB Holdings. Affin Holdings Bhd has squashed speculations that it is discussions with AMMB Holdings Bhd regarding AMMB's acquisition of the company.
GSK would form a joint venture partnership with Avalon Ventures to provide financial and technical support to drug-discovery start up companies.
Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.
Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.
A consortium led by CEO Jing Lou and CPEChina Fund Ltd has made a higher bid for 3SBio. 3SBio, a biotechnology company from China that focuses on research, development, manufacture and marketing of biopharmaceutical products, has announced the receipt of a proposal letter from CPEChina Fund LP.
The Australian Competition and Consumer Commission had approved the merger of Virgin Australia and Tiger Australia.
