France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Sectors
GSK to start up companies with Avalon
GSK would form a joint venture partnership with Avalon Ventures to provide financial and technical support to drug-discovery start up companies.
Credit Suisse Sells off Private Equity Business to Blackstone
Credits Suisse sells off its buy and sell private equity fund to Blackstone for an undisclosed amount.
Sprint forms Special Committee
Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Banca Carige Adds More Assets For Sale
Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.
Latest News
Asia United Bank is planning to sell 88 million in primary common shares priced at Php 110 per share.
Greek asset sale fund seeks revised bid for Opap SA from Emma Delta. Opap SA values fell after the Greek state asset sales fund sought assistance from Emma Delta, after the latter is the only firm that submitted a valid binding bid for the gambling company.
HSH Nordbank, in a bid to lower financial risk, has loaned to the Navios Group ten ships. The world's largest shipping bank, HSH Nordbank AG has entered into an agreement to sell a fleet of ten unprofitable vessels to Greek freight giant Navios Group.
Onexim is now in discussion as to shareholdings purchase in OAO Rostelecom. Onexim Group, which is owned by Russian billionaire Mikhail Prokhorov, has said it may consider the purchase of a 10.
Canada's Natural Resources Minister reiterated that only 'strategic' and under 'exceptional circumstances' would state backed enterprises be allowed to takeover in Canada.
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
CA Technologies confirms news reports that it has acquired Layer7 Technologies. A VentureBeat report was confirmed by Reuters of the disclosed plans of CA Technologies to acquire Layer7.
Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.
