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Limitless debt deal held up by minority creditorsA minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said. The More… |
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Renault in talks to buy minority stake in Iranian partnerFrench carmaker Renault is in talks to buy a minority stake in its Iranian joint venture partner, the Wall Street Journal cited an executive at the Iranian firm as saying. Naser Aghamohammadi, managing director of Renault's st More… |
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Enoc in bid to buy out Dragon Oil’s minority shareholdersEmirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f More… |
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Alibaba to invest $590m for minority stake in MeizuAlibaba 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 More… |
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14 Alawites killed by bomb in central SyriaA roadside bomb killed at least 14 members of President Bashar Al-Assad's minority Alawite on Thursday in the central Syrian province of Homs, an opposition monitoring group said. The blast targeted two buses near the Alawite More… |
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Kuwait's Dar may consider minority stake saleKuwait's Investment Dar said on Tuesday it might consider selling a minority stake to an investor after being approached by international banks last year. "We have been approached by investment banks (but) we are currently not in (any) tal More… |
