The purchase underscores the market expansion into France and away from Britain. India's number one software services company, Tata Consultancy Services, would purchase Alti SA of France for the price of Eur 75 million or US$98 million.
Sectors
Bank of Shanghai IPO Being Prepared
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Adknowledge Purchases SocialWeekend Labs
Adknowledge purchases SocialWeekend Labs, the formal company name of MontiPay Inc. In an announcement, Adknowledge has acquired Montipay Inc under its name SocialWeekend Labs.
Investcorp Expands in US Property Market
Investcorp purchases properties in the US in accordance with its strategic plans. Investcorp, the alternative investments manager from Bahrain has announced it has acquired five US office properties totalling US $200 million.
Dabbagh Contemplating Buyout of Gulf Oil
The Dabbagh Group is preparing to buy out Gulf Oil from JV Petromin. The Dabbagh Group is the firm of the Saudi Arabian royal family that is now in discussion to buy out the stake of its Indian partner in a lubrican venture in Saudi Arabia.
Latest News
AXA PE sells off its shareholdings in Duplomatico Oleodinamica. AXA Private Equity has sold its interest in Duplomatic Oleodinamica, the Italian industrial supplier to Progressio SGR.
The latest bid is now subject to exclusive talks between Billabong and Naude-Sycamore consortium. Billabong International Ltd, the Australian surfwear company is now entering a ten (10) days of exclusive discussions with a consortium for a takeover bid.
Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
Ericsson has purchased Mediaroom IPTV from Microsoft for an undisclosed amount. Ericsson, the telecommunications equipment manufacturer from Sweden has formalized a deal to purchase Mediaroom IPTV from Microsoft.
According to information obtained, venture capital performance has been sub par in the past ten years.
The price tag for THL Partners acquiring CompuCom. CompuCom, the information technology outsourcing company announced that it is to be purchased by private equity firm Thomas H.
Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
By selling off its 7.4% shareholdings in EADS, Lagardare exits from the ownership structure of EADS.
The purchase of Enmax Envision by Shaw Communications expands fiber optic capability. Shaw Communications Inc has acquired ENMAX Envision Inc from its parent ENMAX Corporation.
