M&A News

Toronto- and London-listed Addax Petroleum announced on December 15 that it has increased its stakehold in the Gryphon Marin licence area off the coast of Gabon. The acquisition of... 2008-12-17

Leading Saudi Arabian dairy company Almarai has made an offer to take over local company Hail Agricultural Development (HADCO) in a share-swap deal. Almarai, which is the Gulf's largest... 2008-11-11

South Africa's Johannesburg Stock Exchange (JSE) has made a conditional offer to acquire the entire share capital of the Bond Exchange of SA (BESA) for ZAR173.2mn (US$16.5mn). The... 2008-10-30

Qatar Telecom has caused confusion with its October 23 move to lower its offer for Indonesia's second-largest mobile operator, PT Indosat. Without stating a reason, the company, also... 2008-10-29

The Capital Partnership (TCP), a Dubai-based specialist asset manager for institutional and high net worth clients, has been acquired by larger, local rival NCB Capital, based in... 2008-10-23

Gemfields Resources, an arm of private equity group Pallinghurst Resources, is still after a controlling stake in TanzaniteOne. On October 21 Gemfields made a second bid for the Tanzania-based... 2008-10-22

France Télécom has acquired 53% of the still-inactive Ugandan mobile network operator HITS Telecom. France Télécom will now be the majority shareholder in a new joint venture... 2008-10-21

UK-based pharmaceutical giant GlaxoSmithKline (GSK) has continued its EM expansion plan with the US$210mn acquisition of Bristol-Myers Squibb's Egyptian mature products businesses.... 2008-10-15

The Dubai Mercantile Exchange received another big-name investor on October 14, when US banking giant JP Morgan Chase took a minority stake in the nascent exchange. Fresh from its... 2008-10-14

Global mobile operator Vodafone has confirmed that it has made a non-binding offer to acquire a further 15% stake of South African mobile market leader Vodacom. Vodafone currently... 2008-10-14