2014.3
PE firm CD&R ‘frontrunner for Dubai-owned Mauser’
Private equity firm Clayton Dubilier & Rice LLC (CD&R) is the frontrunner among four bidders for Germany-based, but Dubai-owned, packaging group Mauser, Britain’s Sky News reported on its website on Saturday, without citing its sources.
Mobileye ‘prepares for Nasdaq IPO’
Mobileye, whose collision-avoidance technology has been adopted in cars made by the likes of BMW and General Motors, is planning an initial public offering on Nasdaq this year, the Calcalist financial news website said on Monday.
Sinopec to complete mega mkting asset sale in 3rd quarter
State-run oil giant China Petroleum and Chemical Corp (Sinopec Corp) aims to complete the sale of up to 30 percent of its sprawling marketing business in the third quarter of this year, a restructuring analysts say could raise $10 to $20 billion.
Japanese banks to invest in $3 bln CVC Asia PE fund
Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Trust Bank said they have agreed to invest in CVC Capital Partners Ltd’s fourth Asian fund, which is seeking to raise around $3 billion.
Emirates Reit sets IPO price range at $1.36 to $1.56
Dubai-based real estate investment trust Emirates Reit said on Sunday that it set the price range for its initial public offer of shares at $1.36 to $1.56 per share, and expects the listing on Nasdaq Dubai to occur around the middle of April.
Dubai Investments to lift foreign ownership cap to 35 pct
Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35 percent of its total capital, the company said on Sunday.
Tesco confirms JV with Tata in India
Britain’s Tesco has sealed a joint venture agreement with a unit of India’s Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country’s $500 billion pounds retail sector.
Moroccan banks BMCE, BCP ‘plan Islamic subsidiaries’
Two of Morocco’s biggest banks, BMCE and BCP, are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said.
Tigerair orders Airbus jets worth $3.8 bln
Singapore’s Tiger Airways Holdings Ltd has placed an order for 37 Airbus A320neo aircraft worth $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday.
Temasek to buy stake in A.S. Watson for $5.7 bln
Singapore state investor Temasek Holdings has agreed to buy almost a quarter of health and beauty retailer A.S. Watson for about $5.7 billion in what would be its single biggest investment, and one that would boost its exposure to Asia’s fast-growing c…