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Rosneft acquires TNK-BP in $55bn dealRussian state oil company Rosneft closed a historic deal to buy TNK-BP from UK-based BP and four tycoons, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil, the world’s No.1 investor-owned compan More… |
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Batelco to acquire CWC units in $1bn dealBatelco Group, the regional telecommunications operator with operations across six countries, has announced plans to acquire some units of British multinational telecommunications company Cable & Wireless Communications (CWC), including its More… |
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Hertz near $2.5bn deal to buy Dollar ThriftyHertz Global Holdings is nearing an agreement to acquire Dollar Thrifty Automotive Group for around $2.5 billion, sources familiar with the matter said, potentially ending years of an on-again-off-again takeover battle involving the US rental ca More… |
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Russia's Sberbank buys Turkish bank for $3.5bnRussia's Sberbank on Friday clinched its largest deal, buying Turkey's DenizBank for 2.8 billion euros ($3.5 billion), expanding its footprint in emerging Europe and diversifying away from a home market that it dominates. State-controlled More… |
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France Telecom buys 94pc of Egypt's MobinilFrance Telecom acquired 94 per cent of Egyptian mobile phone company Mobinil in a tender offer, Egypt's stock exchange said on Sunday, giving the French group control of a top sector player in a volatile but lucrative emerging market. More… |
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Souq.com acquires e-shopping clubSouq.com, one of the largest online retail & marketplace in the Arab world, said it has acquired Sukar.com, an online private shopping club in the Middle East region with focus on fashion & lifestyle. Part of Jabbar Internet Group, More… |
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Daimler 'not a takeover candidate'German automotive group Daimler finance chief Bodo Uebber refuted speculation on Friday that the company could be acquired, amid news reports that Abu Dhabi and its Aabar investment fund is exiting its stake. 'We are not a takeover can More… |
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US medical firm buys key Saudi stakeDaVita, a leading provider of kidney care services for those diagnosed with chronic kidney disease (CKD), said it has acquired a controlling interest in Lehbi Care, a leading Riyadh-based kidney care company. As per the deal, DaVita will a More… |
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Avaya in deal to acquire RadvisionGlobal communications solutions leader Avaya said it has signed an agreement to acquire Radvision, a leading provider of videoconferencing and telepresence technologies over IP and wireless networks. The Radvision portfolio includes a full More… |
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NY firm acquires Esquire SystemsNew York-based Synechron, a high-end software solutions and services provider headquartered in New York, has formally announced the acquisition of UAE-based IT consulting and services company Esquire Systems. Synechron specialises in banki More… |
