News

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Tue, 31 Jul 2018 15:32:44 GMT

eMusic plans to attract $70M for blockchain music platform

eMusic, the US-Israeli digital music shop, stated on Tuesday it would raise about $70M to establish a blockchain music service to ensure service providers and artists get fair revenue shares.

Tue, 31 Jul 2018 14:36:58 GMT

Brookfield to acquire Forest City Realty Trust for $11.4B

On Tuesday, Brookfield Asset Management stated it would acquire Forest City Realty Trust in a deal worth $11.4B, including debt.

Tue, 31 Jul 2018 13:38:41 GMT

MUFG gets Indonesia's approval for stake rise in Bank Danamon

Indonesia's watchdog has approved the Japanese firm Mitsubishi UFJ Financial Group's plan to raise its Bank Danamon stake to 40%, paving itself the way to finalising the potential largest takeover of Indonesia's firm.

Tue, 31 Jul 2018 13:35:06 GMT

China Southern Power Grid acquires minority stake in Encevo

China Southern power Grid agreed to acquire a minority stake in the EU utility Encevo, as the Asian company continues to take assets in Europe.

Tue, 31 Jul 2018 12:36:57 GMT

Knorr-Bremse to hold analyst meeting before planned IPO

Knorr-Bremse, the German brake systems producer, has scheduled an analyst meeting in August's first half ahead of its planned initial public offering.

Tue, 31 Jul 2018 12:33:10 GMT

Fortive to acquire software maker Accruent in $2.0B deal

On Tuesday, the industrial products manufacturer Fortive stated it would buy Accruent, the software maker, from Genstar Capital in a $2.0B all-cash deal.

Tue, 31 Jul 2018 11:00:53 GMT

Canada's AIMCo plans investment into Brazil sanitation company

On Tuesday, the Canadian Alberta Investment Management Corp stated it would invest $107.26M in Brazil's sewage and water service company Igua Saneamento amid its agreement with the private equity group IG4 Capital Investimentos.

Tue, 31 Jul 2018 10:55:22 GMT

Cryptocurrency firm Coinbase hires first CCO

Cryptocurrency exchange Coinbase hired Jeff Horowitz, the finance executive, as the company's first Chief Compliance Officer to navigate regulations for the virtual currency firms.

Tue, 31 Jul 2018 10:39:04 GMT

InterCement's African, EU arm to be valued at $1.8B in IPO

The Brazilian firm InterCement Participações SA is planning to list its African and Europe operations early next year for $1.76B, sources reported on Tuesday.

Tue, 31 Jul 2018 10:36:05 GMT

HeidelbergCement seeks buying LafargeHolcim's Indonesia unit

HeidelbergCement's CEO Bernd Scheifele stated on Tuesday his company is planning to acquire parts of LafargeHolcim's Indonesian unit, seeking to raise about $2.02B.

Tue, 31 Jul 2018 10:06:25 GMT

Euro area inflation reaches 2.1% in July

Eurostat reported on Tuesday that inflation in the Euro zone rose 2.1% year-on-year in July, with the highest annual rate being for energy, food, alcohol and tobacco.

Tue, 31 Jul 2018 10:00:42 GMT

EU puts sanctions on six Russian firms over Crimea bridge construction

The European Union has frozen assets of six Russian companies in relation to them being involved in the construction of a bridge connecting the Crimean peninsula and Russia.

Tue, 31 Jul 2018 09:36:55 GMT

Vedanta's chairman proposes $1.0B to take miner private

Vedanta Resources' Chairman Anil Agarwal has made a proposal on Tuesday of a $1.0B in cash to acquire London's miner private.

Tue, 31 Jul 2018 09:33:14 GMT

SKF plans divestment of linear and actuation arm in deal with Triton

On Tuesday, the global producer of industrial bearings SKF stated it agreed to a divestment of its actuation and linear technology business unit in a $314M deal with the investment firm Triton.

Tue, 31 Jul 2018 08:24:39 GMT

Oil firm Total Gabon sells its stake in Rabi-Kounga field

The oil group Total Gabon sold its 32.9% stake in Rabi-Kounga, the field in the Gabon's Southern onshore region, in a deal worth about $100M.

Tue, 31 Jul 2018 08:20:30 GMT

Sinochem Energy files for $2.0B HK IPO

China's Sinochem Energy has filed on Tuesday for an initial public offering in Hong Kong of around $2.0B, seeking to increase its capital due to a shift to the higher-value businesses.

Tue, 31 Jul 2018 07:32:38 GMT

Investors views possible JLIF offer too low

Investors owning about 10% of John Laing Infrastructure Fund are viewing the potential cash buyout bid valuing the firm at $1.85B too low, sources reported.

Tue, 31 Jul 2018 07:26:05 GMT

Petrofac plans 49% stake sale in Mexican operations

Petrofac, Britain's oilfield services provider, stated this Monday it would sell 49% of its Mexican operations to Perenco International for an undisclosed amount.

Tue, 31 Jul 2018 06:09:13 GMT

Cemig thinks over strategic alliance in Light deal

Companhia Energetica de Minas Gerais, Brazil's state-owned electricity utility, is thinking over a strategic alliance, as it is planning to divest its Light SA's stake, the firm's CFO stated on Monday.

Tue, 31 Jul 2018 06:05:10 GMT

SocGen plans Belgian private bank unit sale to ABN AMRO

On Monday, Societe Generale stated it would sell its Belgian private banking unit to the Dutch bank ABN AMRO, not providing any further information over the deal.

Tue, 31 Jul 2018 04:51:28 GMT

Samsung Electronics profits slow down growth

The profits of Samsung Electronics have had the slowest growth during the last quarter in almost more than a year.

Tue, 31 Jul 2018 04:51:06 GMT

Huawei profits surge by 15 percent

Huawei Technologies on Tuesday announced that the company's first half revenue has increased by 15%, compared to the same period last year.

Tue, 31 Jul 2018 04:32:49 GMT

Zimbabwe opposition leader leads elections

The leader of the Zimbabwe opposition on Tuesday revealed that polls show that the opposition has done very well and will form the next government.

Tue, 31 Jul 2018 04:32:12 GMT

US detect activity in North Korean ICBM factory

On Tuesday early morning, US spy satellites detected activity at the North Korean facility that built the country's ICBMs.

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