Tuesday 17 January 2017
 
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Stake sale

Bank Alkhair gets nod to sell stake

Bahrain-based Bank Alkhair, an Islamic wholesale bank, has received approval from the State Bank of Pakistan to sell its stake in Burj Bank to Al Baraka Pakistan (ABPL), a subsidiary of Al Baraka Banking Group, reported the Gulf Daily News

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Ooredoo denies selling stake in Indosat

Qatari telecom operator Ooredoo said on Tuesday it had no intention of selling any of its interest in Indonesian subsidiary Indosat Ooredoo. "Indosat Ooredoo is Ooredoo's biggest international market and is strategically

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Russia eyes $11bn from Rosneft stake sale

Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday.

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Russia eyes $11bn from Rosneft stake sale

Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday.

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BP eyes $3bn stake sale in China petchem JV

British oil major BP is seeking buyers for its 50 per cent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.

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BP eyes $3bn stake sale in China petchem JV

British oil major BP is seeking buyers for its 50 per cent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.

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Sago eyes stake sale, picks HSBC as advisor

Saudi General Grains Organisation (Sago) is looking to sell a stake to a strategic buyer as part of its privatisation for which HSBC's Saudi Arabian arm has been chosen as its advisor, sources aware of the matter said. The age

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Novartis to sell $13.8bn stake in Roche

Drugmaker Novartis aims to dispose of a 13.5 billion Swiss franc ($13.8 billion) stake in its local rival Roche and has already hired banks to support the selling process, a Swiss paper reported on Sunday. The world's biggest

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Novartis to sell $13.8bn stake in Roche

Drugmaker Novartis aims to dispose of a 13.5 billion Swiss franc ($13.8 billion) stake in its local rival Roche and has already hired banks to support the selling process, a Swiss paper reported on Sunday. The world's biggest

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Americana chairman positive over stake sale

Kuwait Food Co (Americana) has edged closer to completing the sale of a controlling stake to a Dubai-based investment firm, the chairman of the consumer foods firm told reporters on Sunday. Adeptio, the investment firm, has not ex

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