Global insurance broker Aon is planning to shut down its subsidiary in Zimbabwe, which provides insurance broking and employee benefit services in the country. An undisclosed source from Aon Zimbabwe was quoted by ZimEye as saying, "Aon ...
Asiacell‘s $1.35 billion share sale will be fully subscribed, bookrunner Rabee Securities has told Reuters. Shwan Ibrahim Taha, chairman Rabee Securities, said: “I knew there would be interest, I just didn’t know how ...
Tags: Asiacell, IPO, Rabee Securities
Prime Minister Nouri al-Maliki held talks with ExxonMobil chief Rex Tillerson (pictured) on Monday. AFP reports that the meeting was the first between the two since the firm signed an oil exploration agreement with Kurdistan in October ...
Tags: Maliki, Exxon Boss, Rex Tillerson, oil exploration agreement
Woodside Petroleum's Browse LNG project could end up being developed in a lower-cost environment after 2014, now that the joint venture partners are aligned for the first time, analysts at the Hong Kong office of Bernstein Research said in ...
Tags: Woodside Petroleum, Browse LNG project, commercial development
UK-based insurer Aviva has sold its remaining stake of 19.4% in Dutch insurer Delta Lloyd for 353m, as part of its strategy to reorganize operations. Aviva sold all its 34 million shares in Delta Lloyd for €12.65 per share, ...
Tags: Aviva, stake, insurer, share, life insurance, general insurance
South Korean insurer Kyobo Life Insurance is selling 30% of its stake in the firm in an auction, which is expected to be worth $2bn. Sources close to the matter told The Financial Times that the deal has attracted interest from private ...
Fresh fruit and veg group Total Produce has completed its acquisition of a 35% stake in Canada's Oppenheimer Group for an initial C$15m (US$15.2m). Total Produce said today (7 Januuary) that the completed deal allows for the Irish fresh ...
Tags: Total Produce, veg, fruit, Oppenheimer Group
Toledo Mining has put the final piece in place in a deal to develop the Berong nickel venture in the Philippines. Toledo has sold its 31% stake in Nickeline Resources and bought 18.7% of Berong Nickel Corporation of which Nickeline ...
Tags: Toledo Mining, mining, Berong nickel, nickle, metal industry
METALLOINVEST has announced its shareholders' restructuring on December 29th 2012. It said “Following a series of transactions among the companies of METALLOINVEST and its shareholders, including VTB Group, Metalloinvest Ltd, a ...
Tags: Metalloinvest, restructuring, METALLOINVEST Holding Company OJSC
Cementos Molins has sold 10.61% in its Argentina-based unit Cementos Avellaneda to Votorantim Europe for Euro45.2m. Following the deal Cementos Molins retains 51% in the company and Votorantim Europe, part of Brazilian group Votorantim, is ...
Tags: cement
Advanced Micro Devices has cut orders to contract chip manufacturer GlobalFoundries, expecting a "choppy demand environment" in the next few quarters. The company said Thursday it has amended its wafer-supply agreement to cut its purchase ...
Tags: chip, AMD, GlobalFoundries, PC, server, graphics processors
AFP quoted British oil giant BP saying that it had agreed to sell its stake in China's Yacheng gas field to the state owned Kuwait Foreign Petroleum Exploration Company as part of a divestment program. BP said that it has agreed the sale ...
Tags: BP, China gas, South China Sea, Yacheng gas
Yahoo's revenue dropped slightly but earnings rose during the third quarter, the first complete one under the helm of new CEO Marissa Mayer. Revenue came in at $1.2 billion in the quarter ended Sept. 30, down 1% year on year. Subtracting ...
Tags: Yahoo, revenue, earnings, third quarter
Southern Arc Minerals announced that it has agreed to sell its Taliwang project to Coke Resources in a cash and share deal. The company's 90%interest in the project will be sold to Coke for USD 500,000 and 15 million Coke shares.The ...
Tags: Minerals, Coke Resources, Arc Minerals, Coke
Reuters cited a source familiar with the situation as saying that BHP Billiton has selected mining venture B&A Mineração as the preferred bidder for its stake in Mount Nimba, one of the largest iron ore deposits in Guinea. ...
Tags: Guinea Iron Ore, BHP Billiton, B&A, steelmaker