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Mahindra to buy stake in India defense JV

2013-02-10 21:27:28| Industrial Machines - Topix.net

"This decision is a reflection of the shareholders' belief that they can best meet emerging customer requirements and address the opportunities in this dynamic market with a flexible, tailored approach that was not easily facilitated by the structure of the existing Joint Venture entity," they said in a joint statement, without specifying details ... (more)

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Citic to buy 79% stake in CTM for USD 1.16 bln

2013-01-14 01:56:00| Telecompaper Headlines

(Telecompaper) Hong-Kong based telecommunication service provider Citic Telecom has signed two sale and purchase agreements with Cable & Wireless Communications and Portugal Telecom to acquire their interests in Macau operator CTM. Citic will buy Cable & Wireless' entire 51 percent stake for USD 749.7 million and a 28 percent interest from Portugal Telecom for USD 411.6 million. The two acquisitions are conditional upon each other. Citic Telecom currently holds a 20 percent interest in CTM, and after the transactions are completed, the company will have a 99 percent holding in CTM, which will then become a subsidiary of Citic Telecom.

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China Steel to Buy Stake in ArcelorMittal's Mines Canada Unit

2013-01-02 03:52:54| Steel - Topix.net

China Steel Corp. , Taiwan's biggest steelmaker, agreed to buy a $270 million stake in ArcelorMittal Mines Canada Inc.

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