In an effort to improve South Africa's power situation, Eskom SOC would be issuing debt instruments to fund the building of two of the world's largest coal fired plants.
Sectors
The FNA Group to be Refinanced by Bank of America
FNA Group finances boosted by refinancing from Bank of America. Livingstone, a renowned and independent global investment banking firm was pleased to announce the completion of negotiations on the refinancing by Bank of America of the FNA Group, Inc.
TH Lee Partners and Goldman Sachs Acquire CTI Foods
CTI Foods is now owned by the consortium of Thomas H. Lee Partners LLC and an affiliate of Goldman Sachs.
Technology Partnership of Box and GoodData Expanded
Partnership between Box and GoodData expanded with supporting capital funding. Partners Box and GoodData launched today the GoodBox Bash. The partners recent project is a cloud based application that allows their client to view, analyze and process business information.
Facebook to Acquire Waze of Israel for US$1B
Facebook in the process of acquiring Israel's Waze for US$1 billion. According to business newspaper, Calcalist, the largest social networking site, Facebook, was reported on Thursday to be in early discussion with Israeli's renowned mobile satellite navigation application, Waze.
Latest News
Ouya console gaming gets a boost with US$15 million from venture capitalists. The maker of a US$99 video game console that utilizes Google Inc's Android operating system, Ouya Inc has raised US$15 million in venture capitalist funding in expanding its operations.
Oaktree is in discussion with the merger of its real estate unit with Prime Office, its competitor. Reuters reported that private equity investor, Oaktree Capital, is in discussion to merge the real estate unit of its German office with its competitor Prime Office.
Investec's Asset Management Team led by Hendrik du Toit is seeking to increase its shareholdings in the company.
Slovenske Eletarne AS is in discussion with lenders as to renegotiation of a deal finalized back in 2007.
Telecom Italia still is in the process of determining the pursuit of the fixed line spinoff plan. Franco Bernabe, Chairman of Telecom Italia announced Thursday that the spin off of the company's fixed line network would take time in its implementation.
Mediobanca on its own is performing well but is now burdened by the bad deals from insurer Generali.
The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Barclays Grants EuNetwork debt funding for its growth potential. The EuNetworks Group, a bandwidth communications provider, disclosed that it availed of a term loan funding agreement with Barclays Private Credit Partners Fund LP.
The IPO of the Nomura Real Estate Holdings REIT expects at least US$175 billion earnings. Nomura Real Estate Holdings is planning to undertake an initial public offer of shares that is said to be the largest one to date.
