Tuesday 25 July 2017
 
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Qatar Airways 'eyeing American Airlines stake'

Qatar Airways is to press on with plans to build a stake of up to 4.75 per cent in American Airlines in the near future, despite the "categorical" opposition of the US company's management, said a report. The move by

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Third Point takes $3.4 billion stake in Nestle

Activist investor Daniel Loeb's Third Point has taken a stake of 3.28 billion Swiss francs ($3.4 billion) in Switzerland's Nestle and urged the world's largest packaged-foods company to find ways to accelerate growth, media reports s

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EuroMena buys key stake in Moroccan retail group

EuroMena, a major private equity fund based in Beirut, Lebanon, said it has acquired a minority stake in Retail Holding, one of the major retailers in Morocco. It is EuroMena's 19th deal and comes in line with its growth strat

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AbuDhabi's Goldilocks Fund buys 5pc stake in Dana Gas

In a strategic move, UAE-based Goldilocks Investment Company said it has acquired a five per cent stake in the Abu Dhabi listed-natural energy company, Dana Gas. Goldilocks fund is an Abu Dhabi Global Markets domiciled open-ended

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Tata Sons to buy strategic steel unit stake from Tata Motors

Tata Sons, the holding company of India's leading conglomerate, said it would buy 83.6 million shares (2.85 per cent stake) in Tata Motors from Tata Steel on or after June 23, said a report. These shares of the automaker are c

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Kingdom Holding acquires major stake in Careem

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has acquired a seven per cent stake in Careem, a leading ride-hailing service in the Middle East region.   It was done th

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Abraaj divests stake in Careem to Kingdom Holding

The Abraaj Group, a leading investor operating in growth markets, has divested its shareholding in Careem, one of the region’s leading transportation businesses, to Kingdom Holding Company. Founded in Dubai in 2012, Careem h

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Muscat Gases to sell stake in unit to Air Products

Oman’s Muscat Gases Company (MGC) has signed a conditional agreement with Air Products Leasing BV, a wholly owned subsidiary of US-based Air Products & Chemicals, to sell a majority stake in its industrial gases business to Air Product

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Muscat Gases to sell stake in unit to Air Products

Oman’s Muscat Gases Company (MGC) has signed a conditional agreement with Air Products Leasing BV, a wholly owned subsidiary of US-based Air Products & Chemicals, to sell a majority stake in its industrial gases business to Air Product

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Emaar unit buys 51pc stake in e-fashion retailer Namshi

Leading developer Emaar Properties said its retail business unit has signed a strategic partnership deal with emerging markets’ leading fashion e-commerce platform Global Fashion Group (GFG) to further the growth of Namshi, a leading onlin

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