The credit card business unit of Dubai Group was acquired by First Gulf Bank. CORRECTION: Corrections made on acquisition parties. First Gulf Bank, which is based in Abu Dhabi, announced the finalization of its acquisition of Dubai First.
Sectors
Cinda to do IPO
China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.
Talisman Energy sells shareholdings to Progress Energy Canada
Progress Energy Canada, the Canadian unit of Malaysia's state owned oil firm Petronas, purchases stake in Montney field.
Building Robotics receives USD1.14 million from CCV, Google Ventures and others
Building Robotics, an Oakland, Ca.-based company, creates intelligent software systems for offices. Intelligent software systems maker Building Robotics recently acquired USD1.
Bristol-Myers Squibb to exit diabetes joint venture - Citi analyst
An announcement made last Thursday of a realignment in priority drug research projects prompted Citi analyst to advise shareholders of a possible interest divestment in diabetes drug joint venture between Bristol-Myers Squibb and AstraZeneca.
Latest News
Merlin Entertainments's successful initial public offering had put the company's valuation at GBP3.5 billion or USD5.6 billion.
Numericable experienced a significant and record increase in share prices on its first day on the stock exchange.
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
By raising USD875 million on its market debut, Numericable recorded th biggest IPO in the French market for the past four years.
Chinese firm CRED Real Estate bought New Zealand's Pepper's Carrington resort for an undisclosed amount.
Opthalmic lens maker Essilor announced it plan to buy sunglass company Costa for USD270 to tap the growing market of prescription sun lens.
Path reportedly received additional funding at more than USD7 million amid departures of its team members.
