Russia's richest man, Alisher Usmanov, is selling a stake worth 7.4% in the Internet group Mail.Ru.
Regions
Bankia on Road to Recovery
Bankia's bad history now a thing of the past. Spanish lender Bankia is showing signs of recovery. The fiscal rescue together with huge write-offs on overvalued property assets contributed to its accumulation of its record breaking corporate loss amounting Eur19.
Valeant Active on Equity Activities
Valean Pharmaceuticals active to deal but limited in cash. Valeant Pharmaceuticals International Inc is now on a spending spree, actively pursuing both merger and acquisition possibilities according to its CEO Michael Pearson.
Apple CEO Cook Shares Investor Pain
Apple CEO Tim Cook addressed investor issues for the long term. Last Wednesday, the much awaited shareholder meeting of Apple Inc was held and CEO Tim Cook took center stage.
Goldman Sachs Expands to Chile
Goldman to sell debt in Chilean local market. The fifth largest US bank by assets, Goldman Sachs Group Inc, is planning to expand into the Chilean market with the sale of fifty year bonds in the local market.
Latest News
Cipla Ltd offers to take over Cipla Medpro South Africa. Two Ciplas from two continents would merge into one. Indian pharmaceutical company Cipla Ltd increased its offer by 17% to fully acquire South African drug company Cipla Medpro South Africa Ltd.
Ryanair's third attempt to purchase Aer Lingus refused by EU regulators. European Union regulators have refused to validate the third purchase attempt by Ryanair to acquire Aer Lingus.
French water utility Veolia is now considering to buy out some minority investors but will not make acquisitions policy.
Mylan increases market share with Stride purchase. The world's second largest stand alone generic drugs maker, Mylan Inc has agreed to purchase Stride Acroblab Ltd's injectable medicine unit.
BCBG sale may reach US$1 billion BCBG Max Azria Group Inc, the fashion house to stars such as Beyonce and Angelina Jolie, is now expecting to sell at an amount nearing US$1 billion.
Y&R, the wholly-operating company owned by WPP PLC, has acquired a majority stake of Turkish C-Section.
Mediwatch and Genesis Medical have agree to dissolve their joint venture after they did not agree on several commercial aspects during their negotiations.
Allianz has been in the focus of its own growth in the German market. The business unit of Allianz in Germany has been considering merger opportunities in the Germany market as it focuses on increasing its business presence, according to Markus Riess, unit head.
Sorin Group and Enopace Biomedical have reached agreement in which the former is provided with the power to acquire the latter in the future.
