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Nokia's China assets to become Nokia Shanghai Bell

2015-08-28 02:00:00| Total Telecom industry news

Finnish vendor hopes partnership with China Huaxin will help it with Chinese regulatory approvals for Alcatel-Lucent deal.

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Triunfo divests three of its Brazilian energy assets to China Three Gorges

2015-08-27 01:00:00| Power Technology

Brazil-based infrastructure firm Triunfo Participacoes e Investimentos will be selling its controlling stakes for three energy businesses to the local subsidiary of China Three Gorges for up to R$1.9bn ($538m).

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Oil Search sitting pretty to buy Santos assets in PNG

2015-08-25 10:47:13| Oil & Gas - Topix.net

Peter Botten says any investment in Santos assets in PNG will be carefully considered and the price must be right. Oil Search is eyeing some of Santos' assets in Papua New Guinea for potential acquisition, including its stake in the $US19 billion PNG LNG project, as it looks to take advantage of its balance sheet and the low oil price environment to add high-quality assets in its home market.

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A&P sale of pharmacy assets approved

2015-08-24 23:45:36| Grocery - Topix.net

Montvale-based Great Atlantic & Pacific Tea Company received approval from the bankruptcy court Monday to sell prescription records and inventory from 12 supermarket pharmacies to the Rite Aid drugstore chain for approximately $8.1 million. One North Jersey supermarket pharmacy, at the Pathmark at 85 Ackerman Ave. in Clifton, is included in the deal, along with six other New Jersey store pharmacies owned by A&P.

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Houston exploration co. sells assets for $1.8B

2015-08-24 22:29:54| Oil & Gas - Topix.net

Houston-based Cobalt International Energy Inc. has sold two portions of its interests in Angola to the country's state-run oil company for $1.75 billion. The deal, effective Jan. 1, will transfer the ownership of the Cameia pre-salt oil and gas reserve in 21 block of the Kwanza Basin that Cobalt discovered in 2012 .

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