The central bank of Oman has approved the proposed merger of Oman International Development and Investment Company (Ominvest) and Oman National Investment Corporation Holding, a statement from the regulator said on Tuesday.
The boards of oil company Cairn India and its parent, Vedanta will meet on Sunday to discuss a potential merger, both companies said.
Vedanta is the operating unit of London-listed mining and energy group Vedanta Resources.
US activist hedge fund Elliott filed another injunction to block a proposed $8 billion merger of two key Samsung Group companies, escalating a conflict over a deal seen key to leadership transfer at South Korea's top conglomerate.
Oil and metals producer Vedanta Resources has signalled it is considering a merger of two or more of its Indian subsidiaries, which could provide the debt-burdened units access to cash from other operations.
In a statement which d
Etihad Airways, the national airline of the UAE, was awarded the Airfinance Journal ‘Merger and Acquisition Deal of the Year’ at a recent ceremony in Miami, Florida (US).
The accolade was presented in recognition of Et
Oman International Development and Investment Company (Ominvest) and Oman National Investment Corporation Holding on Monday said their respective shareholders had approved the proposed merger of the two companies.
Under the plan,
Samsung Group's holding company Cheil Industries Inc said on Tuesday that it will acquire affiliate Samsung C&T Corp by September, the latest step in the restructuring of South Korea's biggest conglomerate.
The move co
Oman's Bank Nizwa has withdrawn its proposal for a merger with United Finance , Nizwa said on Monday, after United received rival offers and invited all suitors to enter a formal bidding process.
In February, Nizwa approached
Saudi Arabia's central bank would welcome mergers among local insurance companies as long as they were positive for all parties, central bank governor Fahad Al-Mubarak said on Thursday.
A number of Saudi insurance firms have b
The boards of Oman National Investment Corporation Holding and Oman International Development and Investment Company (Ominvest) have approved a proposed merger between the pair, according to bourse filings from both firms on Monday.