According to its CEO, Majid al Futtaim is earmarking between US$600 million and US$1 billion for acquisitions this year.
Sectors
AstraZeneca Purchases Omthera Pharmaceuticals
AstraZeneca acquires Omthera's fish oil derived pharmaceutical line. In an announcement, AstraZeneca would be acquiring Omthera Pharmaceuticals for the price of US$443 million to boost its cardiovascular drug business.
Azul Linhas Planning Share Sale
Azul Linhas Aereas is planning a share sale to raise funds to purchase new planes. Azul Linhas Aereas, the third largest airline of Brazil, is planning to raise 1.
Valeant Buys Bausch & Lomb
Valeant purchases Bausch & Lomb to create business unit that can generate US$3.5 billion in net revenue.
Beermakers Feel the Heat
EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.
Latest News
Singapore Press would be undertaking the REIT IPO of two malls in its portfolio. Singapore Press Holdings Ltd had announced last Monday that it is planning to list two shopping malls worth Sing$3.
Fiera Capital is pursuing to double its assets through acquisitions of US firms. The Canadian money manager Fiera Capital Corp is planning to increase its assets to more than double the current value of Can$150 billion or US$145 billion through the addition of smaller US firms.
A consortium of Club Med's top shareholders, Fosun International and AXA Private Equity preparing to bid Eur17 per share.
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.
Pfizer would be offering a voluntary stock exchange program with current shareholders for Zoetis shares.
Peru's president said he would be implementing a new set of reforms designed to boost investments in the country.
China's Premier Li Keqiang has criticized the move of EU to investigate alleged anticompetitive activities of two Chinese firms in Europe.
Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.
