Thursday 5 May 2016
 
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Chinese consortium offers $801m for AC Milan

A Chinese consortium has offered to buy AC Milan soccer club, one of former Italian premier Silvio Berlusconi's most cherished assets, two sources familiar with the matter said. The offer values the club the four-times prime m

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Aramco studying offers for Indian oil refinery stakes

Saudi Aramco is considering proposals to buy stakes in Indian oil refining and petrochemical projects, India's Oil minister Dharmendra Pradhan said, as the world's biggest oil exporter seeks outlets for its oil.  

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Aramco studying offers for Indian oil refinery stakes

Saudi Aramco is considering proposals to buy stakes in Indian oil refining and petrochemical projects, India's Oil minister Dharmendra Pradhan said, as the world's biggest oil exporter seeks outlets for its oil.  

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Qalaa unit sells two Egypt-based firms

Qalaa Holdings, an African leader in energy and infrastructure, has announced that its business unit Gozour has signed a sale and purchase agreement (SPA) to divest its entire holding in milk and juice producer Enjoy and El-Aguizy International

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Amanat buys over 16pc stake in Madaares

Amanat Holdings, a top healthcare and education company, has acquired a 16.02 per cent stake in Madaares, a leading provider of K-12 primary and secondary education in the UAE, for Dh139.4 million ($37.95 million). Through acquiri

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IIB sells stake in Tunisian car distributor

International Investment Bank (IIB) has exited from its investment in Artes, a listed Tunisian-based automobile distributor, selling it at an attractive price of 7.1 Tunisian dinars ($3.5) per share through block sales on the Tunisian Stock Ex

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Inovest sells stake in Bahrain beachfront project

Bahrain-based Inovest Group has sold its 60 per cent ownership stake in Tala Property Development at Amwaj Islands through a share purchase contract with Ossis, for a transaction value of approximately $7.7 million, said a top official.

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Al Tayyar completes $214m Zakhr stake buy

Saudi Arabia's Al Tayyar Travel Group said on Monday it has completed all procedures to acquire a 30 percent stake in Zakhr Investment and Real Estate Development through a share swap arrangement. The 30 percent stake in Zakhr

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Al Tayyar completes $214m Zakhr stake buy

Saudi Arabia's Al Tayyar Travel Group said on Monday it has completed all procedures to acquire a 30 percent stake in Zakhr Investment and Real Estate Development through a share swap arrangement. The 30 percent stake in Zakhr

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QIA in talks to boost stake in Spanish property firm

Qatar Investment Authority (QIA),  the sovereign wealth fund of the gas-rich emirate, is in talks to boost its stake in Spain’s largest listed property group Colonial. A benchmark leader in the Paris commercial property

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