Skip to main content
Malaysian utility Tenaga working on long-term Islamic bond issuance plan

BY Reuters |

Malaysia's state electricity utility Tenaga Nasional Bhd (TNB) said it is in the early stages of setting up a long-term, multi-currency Islamic bond or sukuk issuance plan.
After record year for M&As, privatisation to sustain Vietnam's deals blitz

BY Reuters |

Foreign firms are set to capitalise on Vietnam's privatisation drive and buy into assets such as Vinamilk and Mobifone to gain exposure to its fast-growing economy this year, boosting M&A deals that already hit a record $4 billion in 2015.
Canada's Manulife seeks to revive Singapore REIT IPO this year

BY Reuters |

Canada's Manulife Financial Corp is looking to revive a plan to list a real estate investment trust in Singapore this year after an initial public offering (IPO) was shelved last year due to poor market conditions.
BlackRock sells Kuala Lumpur mall to Malaysia's Pavilion

BY Reuters |

BlackRock, the world's largest asset manager, said it has sold a luxury shopping mall in central Kuala Lumpur to Malaysia's Pavilion Real Estate Investment Trust (Pavilion REIT) for 160 million ringgit ($37.33 million).
Israeli tech M&A at near-decade high, stock market listings fall

BY Reuters |

Mergers and acquisitions involving Israeli high-tech companies rose 44 percent to $7.2 billion in 2015, the highest level since 2006, but stock market listings were down as fewer companies chose to go public, consultancy PwC said.
Japan's Nomura to buy stake in American Century for $1 billion

BY Reuters |

Nomura Holdings Inc, Japan's biggest brokerage, said it would buy a 41 percent stake in privately held investment management firm American Century Investments for about $1 billion from Canadian Imperial Bank of Commerce.
Panasonic buys U.S. refrigeration firm Hussmann for $1.5 billion

BY Reuters |

Japanese electronics maker Panasonic Corp is set to buy U.S. refrigeration firm Hussmann for over 186.6 billion yen ($1.5 billion) in a deal it says will leverage its technology and help it break into the U.S. food distribution industry.
Saudi Aramco seeks $4.7 bln loan to extract Sinopec JV cash

BY Reuters |

Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said.
Court keeps freeze on Zain Iraq's $187 mln, firm to appeal

BY Reuters |

An Iraqi court has rejected a request by Zain Iraq to lift a freeze on $187 million it holds in cash at local bank accounts, the telecom operator's parent firm Zain said.
UAE's Etisalat says unit ordered to pay 413 mln euros in damages

BY Reuters |

An African subsidiary of Etisalat has been ordered to pay 413 million euros ($450.9 million) in damages to a minority shareholder in Telecel Benin, the Abu Dhabi-listed telecom operator said.