Friday 24 October 2014
 
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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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Qatar to buy $616m stake in HK retail operator

Qatar's sovereign wealth fund has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday. A un

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Lulu Group invests $82m in UK's East India

UAE-based supermarket chain Lulu Group has bought a 10 per cent stake in UK-based trading firm The East India Company and a 40 per cent stake in its fine foods subsidiary for around $82 million in total. The new investment will en

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NBK to sell IBQ stake to Qatari investors for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit. N

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Ericsson acquires key stake in US cloud company

Ericsson said it has agreed to acquire a majority stake in Apcera, a US-based enterprise services company and creator of the next-generation platform as-a-service (PaaS) called Continuum which works across cloud, on premise and hybrid environmen

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Activist investor buys key stake in Yahoo, urges AOL merger

Activist investor Starboard Value LP said it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL. Starboard, the second activist investor to target Yahoo in the las

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Americana shareholder reviewing its stake

Kuwait Food (Americana) asked for its shares to be suspended on the Kuwaiti bourse on Wednesday after its main shareholder said it was reviewing its portfolio, including its stake in the firm. Americana said Al Khair National for

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Arabtec unaware of stake sale by ex-CEO

Dubai contractor Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company's former chief executive was about to sell at least part of his stake.

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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Savola to sell stake in Jeddah property project

Savola Group said it will sell its entire stake in a real estate project in Jeddah, Saudi Arabia, for SR593.5 million ($158.3 million) to an affiliate. The company, a producer of cooking oil, sugar and other foodstuffs, will sell

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