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Brambles buys UK container business for $545 mln

BY Reuters |

Australia's Brambles said on Tuesday it would buy UK-based Ferguson Group for an enterprise value of $545 million to expand its specialist container business.
Alitalia secures rescue with long-awaited Etihad deal

BY Antonella Cinelli |

Abu Dhabi-based Etihad Airways will buy almost half of Alitalia and invest 560 million euros ($751 million) into the lossmaking Italian airline in a turnaround effort that will involve heavy job losses under a long-delayed deal signed on Friday.
Qatar emir issues law raising foreign ownership limits for stocks

BY Andrew Torchia, Amena Bakr |

Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry.
Pakistan's NBP eyes Burj Bank, plans due diligence

BY Bernardo Vizcaino |

National Bank of Pakistan (NBP), the country's largest state-owned bank, plans to conduct due diligence on Islamic lender Burj Bank subject to regulatory approval, according to a filing with the Karachi stock exchange.
Savola says started initial talks on acquiring Kuwait's Americana

BY Nadia Saleem, Azza El Arabia |

Major Saudi food producer Savola Group said on Wednesday it had begun preliminary talks on a potential acquisition of Kuwait Food Co (Americana).
Goldman, QNB to arrange $800 million loan for Travelex acquisition

BY Stanley Carvalho |

Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million (476.53 million pound) loan to help Abu Dhabi-based entrepreneur B.R. Shetty acquire a majority stake in foreign exchange operator Travelex.
Enter the behemoth

BY Reuters |

A proposed three-way bank merger in Malaysia looks set to disrupt the old ways of Islamic finance, say Al-Zaquan Amer Hamzah and Bernardo Vizcaino of Reuters.
Nokia buys part of Panasonic's network business

BY Reuters |

Nokia has agreed to buy part of Panasonic's telecoms network business to boost its operations in Japan, already a key market for the Finnish company.
RAKBANK 'in talks to acquire RAK National Insurance'

BY Reuters |

United Arab Emirates-based National Bank of Ras Al Khaimah (RAKBANK) is looking to acquire a majority stake in Ras Al Khaimah National Insurance Co, according to a statement by the lender.
Bain Capital to sell just under half of Bellsystem24 to Itochu

BY Reuters |

U.S. buyout firm Bain Capital has agreed to sell a 49.9 percent stake in Japanese telemarketing firm Bellsystem24 Holdings to Tokyo-based trading house Itochu Corp, the involved parties said in separate statements without disclosing the value of the deal.