Saturday 1 August 2015
 
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Renault in talks to buy minority stake in Iranian partner

French 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

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Chinese group looks to buy Swissport

HNA Group Co, the owner of China's Hainan Airlines, is interested in buying air cargo handler Swissport International, a source familiar with the matter told Reuters. European private equity firm PAI Partners, which owns Swiss

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Platform Specialty to buy Alent for $2.1bn

US chemicals maker Platform Specialty Products Corp said it would buy UK's Alent for about £1.35 billion ($2.09 billion) in cash to expand its portfolio and save costs. The 503-pence-per-share offer comes at a 49 per cen

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Foreign investors buy more shares in Saudi

Foreign investors bought 2.33 per cent of all shares purchased on Saudi Arabia's stock market in June, the first month since new rules allowed more overseas investment in the Arab world's largest bourse, data showed on Thursday.

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Enoc in bid to buy out Dragon Oil’s minority shareholders

Emirates 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

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Saudi 'may buy nuclear arms from Pakistan'

Saudi Arabia has taken a ‘strategic decision’ to acquire nuclear weapons from Pakistan, senior US officials told the Sunday Times. Sunni Arab states are increasingly concerned over a deal with Iran backed by U

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'BBK keen on buying Islamic banks’

Bank of Bahrain and Kuwait (BBK) is open to acquisitions of Islamic banks provided they offered a feasible business proposition, the bank's chairman Murad Ali Murad has said. Speaking on the sidelines of a combined annual and

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Fosun buys 5pc stake in Thomas Cook for $140m

Chinese conglomerate Fosun International said it bought a five per cent stake in British travel group Thomas Cook Group, deepening its foray into Europe's tourism sector after buying French holiday maker Club Med last month. F

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Qatar Airways buys 9.99pc stake in BA owner

Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance

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Tasnee signs $319m loan to buy more stake in Cristal

Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said. The five-y

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