Thursday 28 March 2024
 
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minority

Limitless debt deal held up by minority creditors

A minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said.   The

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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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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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Alibaba to invest $590m for minority stake in Meizu

Alibaba Group Holding is set to invest $590 million for a minority stake in Meizu Technology Corporation, a leading smartphone manufacturer in China. This investment will be subject to customary closing conditions, said a sta

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14 Alawites killed by bomb in central Syria

A roadside bomb killed at least 14 members of President Bashar Al-Assad's minority Alawite on Thursday in the central Syrian province of Homs, an opposition monitoring group said. The blast targeted two buses near the Alawite

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Kuwait's Dar may consider minority stake sale

Kuwait's Investment Dar said on Tuesday it might consider selling a minority stake to an investor after being approached by international banks last year. "We have been approached by investment banks (but) we are currently not in (any) tal

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