Friday 27 February 2015
 
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Saudi Aramco eyes German rubber unit stake

German chemical company Lanxess is in talks with potential buyers including state-owned Saudi Arabian Oil Company (Saudi Aramco) for the sale of a minority stake in its synthetic-rubber unit, reported the Bloomberg, citing two sources.

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Saudi Aramco eyes German rubber unit stake

German chemical company Lanxess is in talks with potential buyers including state-owned Saudi Arabian Oil Company (Saudi Aramco) for the sale of a minority stake in its synthetic-rubber unit, reported the Bloomberg, citing two sources.

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Alibaba to invest $590m for minority stake in Meizu

Alibaba Group Holding is set to invest $590 million for a minority stake in Meizu Technology Corporation, a leading smartphone manufacturer in China. This investment will be subject to customary closing conditions, said a sta

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Qatar’s Hassad buys into Oman poultry project

Qatar-based Hassad Food, a premier investor in the food and agriculture sectors, has acquired a significant minority equity interest in A’Saffa, the largest local poultry project in Oman. The transaction was signed in Muscat

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Qalaa sells 80pc stake in investment bank

Egypt's Qalaa Holdings, formerly Citadel Capital, has signed a deal to sell its 80 per cent stake in investment bank Pharos, Qalaa said in a statement on Tuesday. Qalaa, one of Egypt's largest investment companies, has som

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Mitsui buys 25pc stake in Garmco unit

Mitsui and Company, a diversified global enterprise, has purchased a 25 per cent interest in Garmco Singapore. Garmco Singapore is owned by Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco) and Perse Metals, said a report

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Dubai Investments approves Al Mal deal

Dubai Investments said on Sunday its board had approved the acquisition of a majority stake in investment firm Al Mal Capital. DI will purchase 60 per cent of the financial firm that manages assets and offers investment banking se

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Tasnee signs $319m loan to buy more stake in Cristal

Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said. The five-y

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Etihad denies trouble with Darwin tie-up

Abu Dhabi's Etihad Airways has denied a report that its proposed purchase of a stake in Switzerland's Darwin Airline was in jeopardy, saying it expects a positive decision on the acquisition within weeks. In a separate sta

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FEP acquires 50pc stake in Oryx in $136m deal

First Equity Partners (FEP) has acquired a 50 per cent stake in Fujairah-based construction materials firm Oryx Industries for Dh500 million ($136.1 million), according to a report. The stake would be further raised over the &lsqu

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