Mexico

HP settles with DOJ for $108M over bribery and money laundering charges

Menlo Park, US-based printer giant Hewlett-Packard (HP) settled with the US Department of Justice (DOJ) and the Security and Exchange Commission for $108 million over the bribery and money laundering charges filed against it.

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Arad Group picks up controlling stake in Mexican water meter maker Cicasa for $2M

Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the Latin American market.

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Spanish online voting firm Scytl pockets $40M from Vulcan Capital

Barcelona, Spain-based online voting firm Scytl pocketed a $40 million investment from Palo Alto, US-based growth equity fund Vulcan Capital for its research and development as well as strategic acquisitions.

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Dubai's sovereign wealth fund acquires stake in Kerzner International

Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.

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Australian startup Influx.com pockets $250K in seed funding to provide CRM solutions for online businesses

Melbourne, Australia-based startup Influx.com pocketed $250,000 in seed funding from Mark Harbottle and Leni Mayo to provide CRM (customer relationship management) solutions for online and tech startups.

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Japanese messaging app Line to launch open sticker marketplace and Skype rival

Japan-based mobile messaging app Line will launch an open sticker marketplace called Line Creators Market in April and will also release a Skype-like service in five countries.

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Bangalore startup Lumos builds solar powered backpacks that charge mobile devices

Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.

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German credit rating startup Kreditech bags $15M in debt funding

Hamburg, Germany-based credit and loans startup Kreditech bagged $15 million in debt funding from Kreos Capital to finance consumer lending and expansion in Europe, Oceania, and Latin America.

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German credit rating startup Kreditech bags $15M in debt funding

Hamburg, Germany-based credit and loans startup Kreditech bagged $15 million in debt funding from Kreos Capital to finance consumer lending and expansion in Europe, Oceania, and Latin America.

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America Movil hikes stake in Telekom Austria to 26.8pct

Mexican tycoon Carlos Slim has decided to hike America Movil's stake in Telekom Austria to 26.8% by consolidating his company and family holdings in the Austrian telecom firm.

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Pemex to invest $475M in Mexico fertilizer plant

Mexico-based state oil company Pemex will shell out $475 million to acquire and revamp a Veracruz-based fertilizer production plant in a deal that would allow the firm to supply 75% of Mexico's demand for urea.

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Swiss food group Emmi invests in importer Mexideli

In a bid to generate sales outside the country, Switzerland-based dairy company Emmi has signed an agreement to buy half of Mexico-based cheese and fresh product exporter Mexideli for an undisclosed sum.

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Brazil's Embratel to invest $944M in Mexico's Claro

Brazil-based fixed-phone company Embratel Participacoes will pour in BRL2.2 billion ($944 million) into Mexico-based mobile phone company Claro as part of a plan to merge the group's fixed and mobile divisions.

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India's Amtek Auto agrees to purchase Germany's Kuepper group for €200M

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

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Braskem to take Solvay Indupa private for $290M

Braskem will acquire Argentine-Brazilian plastics maker Solvay Indupa for $290 million. It will buy 70.59% of Solvay Indupa by assuming its debt and through cash. Braskem will also purchase the remaining 29.41% of the company floated on the Buenos Aires bourse.

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