In The News

Chinese shipbuilder Jiangsu Rongsheng Heavy Industries is aiming to raise up to US$2bn in an overseas public offering, in an attempt to find the funds to finance rapid expansion.... 2008-08-06

On July 28, Merrill Lynch announced that it sold US$11.1bn in collateralised debt obligations (CDOs) to private equity firm Lone Star Capital for US$6.7bn, in its latest effort to... 2008-08-01

Lesego Platinum, a South African platinum exploration company, has postponed its planned initial public offering on the Johannesburg Stock Exchange. The shares were scheduled to start... 2008-07-31

Turkey's largest mobile telecommunications company Türkcell has entered into a sale and purchase agreement to buy an 80% stake in Belorusskaya Telekommunikatsionnaya (BeST). With... 2008-07-30

Attijariwafa Bank has agreed to pay US$93mn for a 51% stake in Banque Internationale pour le Mali (BIM). The sale of BIM is Mali's largest privatisation deal to date and attracted... 2008-07-30

South Korea's top retail lender, Kookmin Bank, announced on July 29 that it will consider raising US$1.6bn in Europe through the issue of mortgage-asset backed bonds. If it goes ahead,... 2008-07-30

On July 21 the government of Serbia approved the privatisation of its national carrier Jat Airways. The airline was first put up for sale last year, but political instability and... 2008-07-24

In a deal that could blow the rest of 2008's pharmaceutical acquisitions out of the water, Swiss drugmaker Roche has offered to buy the remaining shares US biotechnology giant Genentech... 2008-07-24

Plans by Bangladesh's biggest mobile phone operator Grameenphone to launch the country's largest ever initial public offering (IPO) can be seen as a glowing endorsement for the strength... 2008-07-24

General Electric (GE) is once again in the news, only this time it isn't selling off divisions. On July 22, GE and Abu Dhabi investment agency Mubadala Development announced that... 2008-07-24