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Citigroup buys $700 mln Asia HQ in record HK office deal

BY Reuters |

Citigroup will pay HK$5.425 billion ($699.86 million) for its new Hong Kong headquarters, in the largest ever purchase of a single-block office building in the Asian financial hub, the U.S. bank said on Tuesday.
Woolworths shareholders approve David Jones deal

BY Reuters |

Shareholders of Woolworths on Tuesday approved the South African retailer's $2 billion acquisition of Australia's David Jones.
RSA 'to sell Asia unit in up to $500 mln deal'

BY Reuters |

RSA Insurance Group Ltd, Britain's largest non-life insurer, is looking to sell its Asian operations in an auction that could fetch up to $500 million and draw a wide range of suitors, people familiar with the sale process told Reuters.
Shell to sell most of stake in Woodside for $5.7 bln

BY Reuters |

Royal Dutch Shell launched a long-anticipated sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.7 billion as it moves to focus on developing its own gas assets in Australia.
NZ's Telecom acquires business cloud specialist Appserve

BY Reuters |

Telecom Corporation Of New Zealand Ltd has acquired business cloud specialist Appserve Ltd for about $14.72 million. The deal is eexpected to be completed by early July.
Malaysian tycoon 'may invest in new casino complex'

BY Reuters |

Malaysian billionaire Vincent Tan may invest 3 billion ringgit ($933 million) to build a casino complex in the state of Pahang if authorities approve a plan for what would be the country's second casino, the Business Times reported.
SapuraKencana bags $700 mln drilling contracts

BY Reuters |

Malaysian oil and gas services firm SapuraKencana Petroleum Bhd has won some $700 million of drilling contracts and extensions in Southeast Asia and Trinidad & Tobago, it said on Monday.
Sime Darby sells $162.9 mln Thai power assets

BY Reuters |

Malaysia's plantations-to-motoring conglomerate Sime Darby Bhd is selling its power assets in Thailand to B.Grimm Power Ltd for $162.9 million cash, according to stock exchange filing on Monday.
Medco plans to buy Chinook Energy unit in Tunisia

BY Reuters |

Indonesia's PT Medco Energi Internasional Tbk (MedcoEnergi) has agreed to buy a subsidiary of Toronto-listed Chinook Energy Inc with participating interests in eight oil and gas work areas in Tunisia.
Aquila bows to Baosteel's $1 bln bid

BY Reuters |

Australian iron ore developer Aquila Resources Ltd told shareholders to accept a takeover offer led by Chinese steel giant Baosteel Resources valuing the company at $1.3 billion, in a surprise move after rejecting a higher rival bid.