Russian media that reported Rostelecom would be offering a 30% buyback of its shares worth USD 909 million from its minority stakeholders.
Sectors
Nordstjernan sells KMT Group to American Industrial Partners
Swedish family-controlled investment company Nordstjernan agreed to sell its subsidiary KMT Group to American Industrial Partners for USD 147.5 million.
L'Oreal makes offer to buy Chinese facial mask company for US$840 million
L'Oreal puts in an offer to buy Magic Holdings Ltd for US$840 million. L'Oreal recently made an US$840 million-dollar offer to purchase Magic Holdings International Ltd.
Aurora Capital Group will buy National Technical Systems
Aurora Capital Group agreed to acquire National Technical Systems for a premium USD 23 per share. Los Angeles-based private investment company Aurora Capital Group agreed to acquire National Technical Systems (NTS) for USD 23 per share.
Restorando scores USD 13.3 million in Series B funding
Latin American restaurant reservation platform scored USD 13.3 million in Series B funding round. Restorando raised USD 13. 3 million for its Series B round.
Latest News
Hess Corp and Newfields Exploration Co receive substantial offers for Asian assets. Hess Corp. (HES) and Newfields Exploration Co. (NFX) are reportedly selling Asian assets.
Frasers Centrepoint of Frasers and Neave makes the top offer for a recent government land sale in Singapore.
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.
Analysts suggested a share in Apple worth nearly USD500 is a better buy than the company's USD500 iPad.
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion. China Resources Land Ltd won the right to buy a commercial site in Shenzhen.
Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
