Stakeholders of Prime Office REIT-AG approved the plan to merge with Oaktree Capital Group's German real estate business.
Sectors
RANOVUS Inc scores USD 11 million in latest financing round from PE firms
RANOVUS raised USD 11 million from various venture firms for its latest financing round. RANOVUS Inc announced that it was able to raise USD 11 million in its financing round.
GTCR and Douglas Bergeron form Opus Global Holdings
Opus Global Holdings is partnership between GTCR and Douglas Bergeron to deliver Leaders Strategy for firms.
GE Healthcare Life Sciences set to construct biopharma factory for venture-backed JHL Biotech
GE Healthcare Life Sciences would be constructing the KUBIo biopharmaceutical factory for JHL Biotech in China.
Twitter working with Wall Street banks on loan facility prior to IPO debut - reports
The New York Post reported that Twitter had been talking to major banks to help set up a credit facility line in the range of USD500 million to USD1 billion prior to its initial public offering that may happen before Thanksgiving.
Latest News
PKP Cargo SA said in a statement today that its major investor, Polish State Railway, would be divesting its stake in the former's freight transportation unit that would reportedly fetch around PLN1.65 billion or USD526 million.
In accordance with its expansion plans, Fonterra Cooperative Group is now building a UHT milk processing plant in China, despite a recent poisoning scare and corruption investigations done by government.
Volkswagen AG invests new finds into the venture with FAW Group to expand the production of the plant in Foshan.
The former CEO of VeriFone (PAY) Systems Inc and GTCR joined to form a new venture called Opus Global Holdings.
Sources told Bloomberg that billionaire Mikhail Prokhorov's Onexim Group was thinking of bidding for a stake in Uralkali.
Samsung launched the global sales of its latest phablet, the Galaxy Note 3. Samsung Electronics launched the global sales of its latest phablet offering.
Linc Energy CEO Peter Bond said they were already talking with two groups who were interested in taking part in its shale exploration project.
Telefonica seeks to retain control over Telecom Italia through buyout of venture partners in Telco. Telefonica, the telecommunications group from Spain, had formalized a deal to secure control of Telecom Italia without the need to launch a full takeover.
BlackBerry's valuation by Fairfax Holdings was set at 20% the book value, including cash. Once valued at USD83 billion, the Canadian smartphone maker Blackberry Ltd had declined to record the lowest ever valuation for a technology or telecommunications takeover for a North American firm.
