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NTT DoCoMo 'to exit India, unload entire stake in Tata Teleservices'

BY Reuters |

Japan's NTT DoCoMo Inc will unload its 26.5 percent stake in loss-making Indian mobile phone joint venture Tata Teleservices Ltd and exit the country as it struggles with tough price competition, sources familiar with the matter said on Friday.
Australand rejects $1.8 bln Stockland takeover proposal

BY Reuters |

Australia's Australand Property Group said on Wednesday it had rejected as undervalued a A$1.95 billion ($1.83 billion) proposal from bigger rival Stockland Group to increase its stake, thwarting Stockland's move to expand its residential business.
Sanlam to buy 51 pct in Malaysian insurer for $119 mln

BY Reuters |

South Africa's biggest insurer, Sanlam, said on Wednesday it would buy a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about $119 million, further expanding its presence in the Southeast Asian nation.
HSF, Freshies guide PTTEP’s $1 bln buy of Hess Thai assets

BY Vasundhara Chatterjee |

Herbert Smith Freehills is advising PTT Exploration and Production Pcl (PTTEP), Thailand's biggest oil and gas explorer, on its $1 billion acquisition of Hess Corp's assets in Thailand. Hess Corp is being guided on the deal by Freshfields Bruckhaus Deringer.
Plug Power, Hyundai Hysco agree to form fuel cell JV

BY Reuters |

Fuel cell maker Plug Power Inc said on Monday it had agreed to form a joint venture with South Korea's Hyundai Hysco Co Ltd, a steel supplier to Hyundai Motor, to develop and sell hydrogen fuel cells in Asia.
New Zealand govt raises $635 mln in Genesis stake sale

BY Reuters |

New Zealand raised NZ$733 million ($635 million) from the sale of a minority stake in power firm Genesis Energy Ltd - the last of four partial privatisations to bolster state finances although they did not raise as much as first hoped.
Bank Mandiri to buy Bank Tabungan Negara

BY Reuters |

Indonesian state-owned lender PT Bank Mandiri will buy PT Bank Tabungan Negara (BTN) to ensure the smaller state-owned peer keeps up with demand for mortgages, a government minister said on Thursday.
Taiwan OKs CTBC Finacial's deal to merge Japanese bank

BY Reuters |

Taiwan's financial regulator said on Tuesday it had approved CTBC Financial Holdings' acquisition of Tokyo Star Bank for 53 billion yen ($530 million).
Zain sued for $4.5 bln over Iraq telco buy

BY Reuters |

Zain is being sued for $4.5 billion over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday.
Etihad 'toughens stance on Alitalia deal, talks continue'

BY Reuters |

Etihad Airways has toughened its stance on conditions for investing in Italy's struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said on Thursday.