ArcelorMittal's bid for Essar delays JV with SAIL

Source: Dukascopy Bank SA
ArcelorMittal's prolonged offer to acquire the debt-laden Essar Steel postponed the world's largest steelmaker's planned joint venture with the state-held Steel Authority of India, SAIL's chairman said on Wednesday.
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Wed, 23 Jan 2019 20:52:31 GMT

Colony Capital to acquire Abraaj's Latam PE unit

Colony Capital, the US investment unit, agreed to acquire the Abraaj Group's private equity business unit in Latin America, both companies announced on Wednesday, not disclosing the financial terms of the deal.

Wed, 23 Jan 2019 20:36:21 GMT

Canada's Husky drops MEG oil merger deal

On Wednesday, Canada's Husky walked away from the hostile bid for its competitor MEG Energy, the Canadian oil producer, despite nearly 60% support received from MEG shareholders, saying it was "insufficient" to sign a merger deal.

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