WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Sectors
3i Group Subsidiary Purchased for GBP 385 Million
Enterprise a sub unit of 3i was sold to Ferrovial for GBP 385 million. Ferrovial of Spain recently announced that it has agreed with the 3i Group to purchase in full the UK based services company Enterprise for a whopping GBP 385 million or US$589 million.
Netia of Poland Plans Buyback
Netia to buyback shares of stock in 2013. Netia, Poland's second largest telecommunications group is considering the implementation of a share buyback programme totaling 128 million zlotys or about US$41.
World's Richest Man Backs Up Dutch Telecom Firm
Carlos Slim pumps in more money into Dutch firm KPN. The world's richest man, multibillionaire Carlos Slim has increased his stake in KPN with a fresh Eur4 billion infusion into the Dutch telecommunications group.
Printemps in Discussion with Qatari-Italian Consortium
Final sale details for Printemps ongoing for Borletti and Qatari Royal Family. Printemps is now in discussion with Italian business tycoon Maurizio Borletti.
Latest News
Canvera awarded more venture capital money Canvera Digital Technologies Pvt Ltd was able to raise about US$6. 5 million in Series B round of funding from other sources at a time when known venture capitalists are leaving the market.
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
Wells Fargo continues private equity investment activity despite Volcker Rule. Wells Fargo and Co CEO Dick Kovacevich initially had reservations about banks dabbling in private equity investments.
The largest budget carrier in Asia plans to invest $30 million to $60 million into its new airline venture in India.
Sigma Corporation improves software capabilities with Photo Pro 5.5. (Photo : Reuters) Sigma Corporation of America, the manufacturer and developer of the most impressive lenses, cameras and flashes has recently unveiled the Sigma Photo Pro 5.
Celtic Exploration Ltd can now be acquired by giant energy firm ExxonMobile when Ottawa approved the merger under the Investment Canada Act.
Juniper Network employs high security systems for its mobile carrier clientele. (Photo: Reuters) The industry leader in network innovation, Juniper Networks has unveiled a new line of security cards for specific use for its SRX5600 and 5800 Series Services Gateways.
Bombardier agrees to sell for up to 42 new C-series jets to Ilyushin Finance Co in possible $3.42 billion deal
Private equity company decides sale of its sports and modeling talent agency IMG and is looking for an investment bank to lead the auction.
