Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Regions
France's Total Invests in Libya
France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Asia United Bank to go on IPO
Asia United Bank is planning to sell 88 million in primary common shares priced at Php 110 per share.
Greek Asset Sale Fund asks revised bid from Emma Delta for Opap
Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.
HSH Nordbank Loans Ship Portfolio to Navios Group
HSH Nordbank, in a bid to lower financial risk, has loaned to the Navios Group ten ships. The world's largest shipping bank, HSH Nordbank AG has entered into an agreement to sell a fleet of ten unprofitable vessels to Greek freight giant Navios Group.
Latest News
CA Technologies confirms news reports that it has acquired Layer7 Technologies. A VentureBeat report was confirmed by Reuters of the disclosed plans of CA Technologies to acquire Layer7.
Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.
Google's 4.4% increase helps S$P meet its averages in a dismal week. Earnings from Google buoyed a stock rise in technology shares last Friday. The gains from this market segment was unable to counteract the worst week in the S&P 500 since November.
Spondo raises Aus$1 million for capital expenditures. Spondo Global CEO & Director Chris Adam undertook a series of fundraisers in Melbourne before proceeding to the United States for the first part of a two-month fundraising itinerary.
First round capital funding for popular The Football App reaches Eur10 million. The Football App was able to increase its first institutional funding with a Eur10 million Series A capital funding from a group of investors headed by Earlybird Venture Capital.
Vidyo raises another US$17.1 million in investments. In an announcement today, Vidyo, Inc disclosed that it was able to secure an additional US$17. 1 million in financing.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
