Russian Nesis sells gold producer to Oman’s Mars Development
Russian billionaire Alexander Nesis’s ICT Holding sold its full stake in a gold producer to an Omani…
Browsing Tag
stake
SoftBank aims to sell $3.1bn worth of Japanese telco unit stake
SoftBank Group Corp said it plans to sell 5 percent of its domestic telco SoftBank Corp, currently worth $3.1…
Heliopolis Housing to offer 15% stake on Egypt’s bourse – minister
Egypt's state-run Heliopolis Company for Housing and Development plans to offer 15 percent stake on the Egyptian…
Telecom Egypt not to sell share in Vodafone this year
Telecom Egypt doesn’t have any intention to sell its stake in Vodafone Egypt during the current year, an official…
Saudi Aramco to buy $1.6bn stake in South Korea’s Hyundai Oilbank
Saudi Aramco, Saudi Arabia’s state-owned oil giant, plans to buy up to 19.9 percent of South Korea’s Hyundai…
Egypt approves BP, UAE Mubadala acquisition of 45% share in Eni’s Noor concession
Egypt signed on Sunday an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala…
Egypt’s Orascom Investment likely to acquire 30% of Sarwa Capital
Egypt-based Orascom Investment Holding said on Wednesday it expected to acquire 30 percent of Sarwa Capital’s…
Cairo Investment IPO oversubscribed 19 times: EGX
The Egyptian Exchange (EGX) said that the initial public offering (IPO) of Cairo Investment and Real Estate…
Egypt considers offering majority stake in more public firms
Egypt is considering adding more companies to the list of state-run firms in which investors can secure majority…
Saudi Arabia likely to hold IPO in 2019: minister
Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister…
Egypt’s Arab Contractors to sell 4% share to two banks
Egypt's state-owned construction firm Arab Contractors (AC) will sell four percent stake of its shareholding in El…
UAE investment fund ups 16.51% share in Egypt’s property developer Palm Hills
UP P Capital Investment, a fund owned by Dubai-listed Union Properties, has raised its stake in Egypt's second…
UAE-based UPP seizes 5.68% stake in Egypt’s Palm Hills
UAE-based Union Properties (UPP) announced Wednesday that its wholly-owned subsidiary, UPP Capital, has bought a…
Saudi Aramco in stake sale talks with a Chinese investor: sources
Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated…
McDonald’s sells most of China, HK businesses to CITIC, Carlyle for $2.1b
McDonald's Corp (MCD.N) has agreed to sell a majority stake in its China and Hong Kong businesses to state-backed…
Eni sells 30% stake in Egypt’s Zohr gas field to Rosneft
Italian oil and gas group Eni (ENI.MI) agreed to sell a 30 percent stake in Egypt's offshore Shorouk concession to…
Trump sells his stake in Dakota Access Pipeline developer
Donald Trump has sold his entire stake in Energy Transfer Partners, the company overseeing construction of the…
Eni eyes cutting stake in Egypt’s Zohr giant gas field to 50%
Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field…
Eni-BP deal not to ‘harm’ drilling works at Zohr field: sources
The drilling works at Egypt's giant gas field Zohr would not be hurled by Italy's Eni deal with BP to sell 10…
BP buys 10% stake in Egypt’s Zohr gas field for $375m
BP has agreed to acquire a 10% stake in Shorouk concession offshore Egypt from Eni, an Italian oil and gas company.…
PM promises to give Nubians a stake in 1.5m feddans project
Nubians will have priority to certain lands allocated to the state’s 1.5m acres reclamation project operated by the…
Goldman, South Korea fund to buy majority stake in cookware firm Happycall
Goldman Sachs Group Inc (GS.N) and South Korean private equity firm EastBridge Partners said on Sunday they have…
Dubai Financial Group sells stake in EFG-Hermes to Natixis
Dubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's…
BP seeks buyers for China petchem JV stake in up to $3 billion deal – Reuters
British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its…
AirAsia to launch sale of stake in leasing arm, could value unit at $1 billion- Reuters
AirAsia Bhd (AIRA.KL), Asia's biggest budget airline, will kick off the sale of a majority stake in its plane…
Aramex founder Ghandour sells entire stake to Boson Ventures
The founder of Dubai-based logistics company Aramex PJSC sold his stake in the parent company to privately held…
ExxonMobil launches bidding war for InterOil in PNG gas push
ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New…
Alipay may take stake in Wirecard
Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it…
Tata ordered to pay NTT DoCoMo $1.2 billion in arbitration award for JV stake
India's Tata Sons Ltd has been ordered to pay NTT DoCoMo Inc $1.2 billion to buy DoCoMo's stake in its mobile phone…
Wal-Mart lets down China online strategy, starts again with stake in Alibaba rival
Wal-Mart Stores Inc has sold its Chinese online grocery store in return for a stake in the country's no. 2…
Ant Financial plans to buy stake in Thai payments company
Ant Financial Services Group, Alibaba's financial services affiliate, is seeking to buy a 20 percent stake in…
Raya targets acquiring stake in Poland’s Makarony Polskie
Egyptian information technology firm, Raya Holding (RAYA.CA) Raya Holding announced its investment plan in a…
Tata Comms to sell stake in data center to ST Telemedia
India's Tata Communications Ltd is selling a 74 percent stake in its data center business to Singapore-based ST…
Nissan to take key stake in scandal-hit Mitsubishi Motors: sources
Nissan Motor Co (7201.T) is set to take a key stake in Mitsubishi Motors Corp (7211.T), two sources familiar with…
Toshiba preparing Westinghouse writedown, CEO to step down
Japan's Toshiba Corp is preparing to write down the value of its stake in U.S. nuclear subsidiary Westinghouse by…
China’s Alibaba to invest $1 billion in Lazada
Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it agreed to buy a controlling stake in online…
Foxconn to lessen offer for Sharp by around $900 million: Jiji
Taiwan's Foxconn is likely to reduce its capital injection into embattled Japanese electronics firm Sharp Corp…
Egypt’s Downstream Summit Kicks off next month
The World Refining Association’s Inaugural Egypt Downstream Summit & Exhibition is taking place on February…
Qalaa Holdings exits Misr Glass Manufacturing, United Glass for US$105mn
Egypt's Qalaa Holdings' subsidiary MENA Glass Ltd. Has signed agreements to sale its entire stakes in Misr Glass…
Yahoo will not spin off Alibaba stake, weighs core business sale – CNBC
Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm…