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Target shortage feeds desperate Mideast telco M&A(The author is a Reuters Breakingviews columnist. The opinions expressed are her own) A scarcity of takeover targets is feeding a desperate scramble in Middle East telecoms M&A. Bahrain's incumbent operator Batelco is eyei More… |
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Qatar eyes $12bn Marks and Spencer bid?Qatar's sovereign wealth fund is seeking partners to launch an 8 billion pound ($12.10 billion) bid for British retailer Marks & Spencer, the Sunday Times reported, citing senior City sources. Marks & Spencer, a FTSE 1 More… |
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NBB plans to acquire Bahrain Islamic BankThe National Bank of Bahrain (NBB) is likely to acquire the loss-making Bahrain Islamic Bank (BisB) and give itself an Islamic finance arm, said a top official. "We are in talks with BisB and we expect to make an announcement More… |
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Dubai’s IBB extends takeover deadlineIslamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, said a deadline for a Qatari bank to decide on a proposed takeover offer had been extended to January. IBB is majority-owned by Qatar Internatio More… |
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Glencore eyes finish line in marathon Xstrata dealShareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date. After nine months of tense negot More… |
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Qatar Holdings backs $32bn Glencore takeoverCommodity trader Glencore's $32 billion takeover of Swiss miner Xstrata looked set to go ahead after winning the backing of Qatar Holdings, the bid target's second-largest shareholder. Qatar, an unexpected kingmaker in Gle More… |
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Etisalat waiting for new opportunitiesMiddle East telecom operator Etisalat expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and wants to be ready, keeping its war chest replete. "Today More… |
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GFH unit close to Leeds takeover dealDubai-based private equity firm and subsidiary of Bahrain investment bank Gulf Finance House, GFH Capital Limited, is in the final stages of sealing a deal for a possible takeover of Leeds United. Club chairman Ken Bates confirmed More… |
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Glencore ups Xstrata offer in last minute bidTrader Glencore has raised its offer for miner Xstrata in a dramatic 11th-hour attempt to rescue one of the sector's largest ever deals from collapse after months of opposition from rival shareholder Qatar. Glencore chief executive More… |
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Hertz to buy Dollar Thrifty for $2.3bnHertz Global Holdings, the No 2 US car rental company, said it will buy smaller rival Dollar Thrifty Automotive Group for about $2.3 billion, ending more than two years of on-off takeover talks. Hertz and third-ranked Avis Group I More… |
