Lonrho sells whole stake in Fastjet for GBP1.49 million

African airline holding company Fastjet PLC said Lonrho Ltd, its largest shareholder, had put up for sale of its entire stake in the company. Lonrho would be raising GBP1.49 million from the exit.


FedEx chief's position at risk with Loeb entry

Despite Daniel Loeb's assurance that he or his hedge fund Third Point LLC does not have any plans to ouster FedEx Corp founder, chairman and chief executive Fred Smith, an analyst said

South Korean, Russian sovereign funds announce USD500 million joint investment

Sovereign wealth funds Korea Investment Corporation and Russian Direct Investment Fund pooled USD500 million for a cross-border private equity investment platform. The fund was intended to encourage trade and investment cooperation between South Korea and Russia.

Vale exits Norsk Hydro with sale of remaining stake

Vale SA had sold the last of its 21.6% ownership in Norsk Hydro ASA following the sale of its non-core assets in order to focus on its more profitable business, which is in iron ore.


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