2014.3
Line denies report of talks to sell stake to SoftBank
Japan-based Line Corp denied a media report it was in talks to sell a stake to SoftBank Corp – a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs.
TAQA to buy 2 India power plants for $1.6 bln
A consortium led by Abu Dhabi National Energy Co (TAQA) has agreed to buy two Indian hydroelectric power plants from Jaiprakash Power Ventures in a deal worth about $1.6 billion, TAQA said on Sunday.
Baidu eyes buying its way into more mobile screens in China
Chinese Internet company Baidu Inc is poised to make more acquisitions this year to entice smartphone users to tap into its services, a strategy that will put it on a collision course with bigger rivals like Tencent Holdings Ltd.
Petronas to sell 25 pct stake in Canada gas assets
Malaysia’s Petronas has agreed to sell a 25 percent stake in its Canadian shale gas assets to an Indian company and an Asian gas buyer, the state firm’s president and chief executive, Shamsul Azhar Abbas, said on Tuesday.
STB, CC star in Tyco’s $1.93 bln Korea unit sale
Simpson Thacher & Bartlett, Clifford Chance, Kim & Chang and Lee & Ko have scored advisory roles on Tyco International’s sale of its South Korean security business, ADT Korea, to private equity firm Carlyle Group for $1.93 billion.
IDB units Discount, Koor complete merger
Israel’s Discount Investment Corp completed a takeover of sister company Koor Industries in a move aimed at simplifying the conglomerate structure of parent IDB Holding Corp, the companies said on Sunday.
Beijing Capital buys Transpacific’s NZ waste business for $800 mln
Beijing Capital Group will buy the biggest waste management firm in New Zealand from Australia’s Transpacific Industries Group Ltd for almost $800 million, enabling the Chinese state-owned company to acquire technology that could help combat chronic po…
Sinopec sale points to next round of state privatisation
China’s decision last month to sell a stake in a subsidiary of Sinopec Corp signals more privatisation of its bloated state-owned sector will take place soon, with plans likely to be discussed at this week’s parliament session, officials and experts sa…
FCI could set record with bond sale of 80 bln rupees
Food Corporation of India (FCI) plans to raise up to 80 billion rupees ($1.29 billion) in government-guaranteed bonds through a private placement, according to a term sheet, in what traders said could potentially be the country’s biggest corporate debt…
India to investigate suspected Rolls-Royce kickbacks
India’s defence ministry said on Monday it had ordered an investigation into state-run Hindustan Aeronautics Ltd’s (HAL) orders from Britain’s Rolls-Royce Holdings worth at least $1.2 billion.