Friday 21 November 2014
 
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Abraaj gets go-ahead for Bisco Misr acquisition

UAE-based Abraaj Investment Management has won regulatory clearance for its E£850 million ($119 million) offer for Bisco Misr, one of Egypt's main producers of cakes and biscuits. Abraaj Investment Management, an affilia

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Etihad wins EU approval for purchase of 49pc stake in Alitalia

UAE national carrier Etihad Airways said it has won approval from the European Commission for its purchase of 49 per cent of Alitalia, part of a €1.76-billion ($2.19 billion) rescue plan for loss-making Alitalia. The Abu Dhabi carr

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Daimler buys stake in Italian motorcycle maker

Daimler AG has annoucned plans to buy 25 per cent of Italian motorcycle maker MV Agusta - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety. Buying into Agusta giv

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Godolphin buys majority stake in Belardo

Godolphin has bought a majority share in the recent Group One Dubai Dewhurst Stakes winner Belardo from Saudi Prince Faisal, the racing stable owned by Dubai's ruler said. The son of French 2,000 Guineas and Derby winner Lope

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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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