Gottex Fund Management Holdings on Monday announced that it is purchasing Swiss hedge fund EIM Group for $35.4 million in stocks. EIM shareholders will own 30% of the merged group, while Gottex owners will own the remaining 70% stake in the company.
Sectors
Shangri-La to invest $115M to build new hotel in Myanmar
Hong Kong-based luxury hotel group Shangri-La International Hotel Management has announced that it will invest $115 million for the construction of a new 350-room hotel in Yangon, Myanmar.
EQT buys majority stake in Dairy Queen, Papa John's Pizza operator in China
A consortium led by private equity firm EQT Partners has acquired a controlling stake in China F&B Group for an undisclosed sum. China F&B operates the Dairy Queen and Papa John's Pizza restaurant chains in China.
Hong Kong business magnate Li Ka-Shing's utility trust to raise $5.7 billion in IPO
Power Assets Holdings Ltd. will spin off its subsidiary Hongkong Electric Company Ltd. to HK Electric Investments, a single-investment trust. Power Assets was said to be aiming for a HK Electric Investments listing early next year to raise $5.7 billion.
Japan to invest $2M to revive Iran's Anzali lagoon
The Japan International Cooperation Agency (JICA) will pour in $2 million in three projects aimed at reviving the degraded Anzali lagoon in Iran, according to an environment official cited by IRNA new agency.
Latest News
French retailer Carrefour agreed to acquire a total of 27 shopping malls in Europe worth €2 billion or $2.75 billion from Klepierre, a Bloomberg report said.
Sources told the Wall Street Journal that BlackBerry's executive vice president of global sales and official in charge of its mergers and acquisitions strategy will be departing the struggling smartphone maker in weeks.
California, US-based software developing company Accelrys has acquired Ireland-based software business Qumas in a deal valued at $50 million to expand its products expansion and client base.
A report noted that speculators who are looking to acquire Bitcoins by selling sex through certain Reddit subsections are rising at an alarming rate.
Workers in Amazon.com's logistic centers in the German towns of Bad Hersfled, Leipzig and Graben are prepared to go on strike on Monday. A dispute over pay has been plaguing the online retail company for months.
France-based ophthalmic lenses firm Essilor International has acquired Canada-based sunglasses and reading glasses distributor Suntech Optics Inc to develop its prescription and non-prescription eyewear product portfolio.
Australia-based investment management firm Challenger Ltd has entered a deal to purchase self-managed superannuation fund (SMSF) services provider Bendzulla Actuarial in a deal valued at $25 million.
Indian investors at a December 14 speech by Afghan President Hamid Karzai were not convinced that the latter's country is safe enough to carry out their investment plans, according to a Bloomberg report.
Robinsons Retail Holdings Inc. has bought Beauty Skinnovations Retail Inc. (BSRI) for an undisclosed sum. BSRI operates the Philippine stores of Japan's Shiseido Co. Ltd. and US' Benefits Cosmetics LLC.
