Baupost Group set to return money to clients

Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.


Abu Dhabi Energy Corp's Moroccan unit set for IPO

Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.

Twitter inclined to register IPO with NYSE Euronext

After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.

Blackstone acquires more properties from Hersha

Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate. An affiliate of the Blackstone Group LP had agreed to purchase 16 hotels from the Hersha Hospitality Trust for the amount of USD217 million.


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Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.