First parcel of Mangala crude reaches Mangalore RefineryOctober 9th, 2009 NEW DELHI - The first parcel of crude from Cairn Energy's Mangala field reached the Mangalore Refinery and Petrochemicals Ltd (MRPL) Friday morning. The parcel of 29,000 tonnes came just over a month after Prime Minister Manmohan Singh formally launched the Mangala oil fields in Rajasthan's Barmer district Aug 29.
Anheuser-Busch InBev raises $2.7 billion from selling theme parks to Blackstone GroupOctober 7th, 2009 AB-InBev sells off theme parksBRUSSELS — Anheuser-Busch InBev says it will sell its U.S. theme parks to the Blackstone Group for $2.7 billion.
FDIC sells 40 percent stake in $4.5 billion worth of Corus Bank assets to Starwood-led groupOctober 6th, 2009 FDIC sells stake in Corus Bank assetsWASHINGTON — The Federal Deposit Insurance Corp. has agreed to sell a 40 percent stake in a portfolio of Corus Bank assets for $554.4 million to a private-equity consortium led by Starwood Capital Group.
Safeguard sells additional 2.4 million shares of Clarient stakeSeptember 22nd, 2009 Safeguard sells Clarient sharesWAYNE, Pa. — Safeguard Scientifics Inc., which invests in high-tech and life sciences ventures, said Tuesday it has sold an additional 2.4 million shares of its stake in medical device-maker Clarient Inc.
Citigroup sells $1.3 billion in credit card assets from 3 card portfoliosAugust 31st, 2009 Citi sells $1.3 billion in credit card assetsNEW YORK — Citigroup Inc. said Monday that it sold $1.3 billion in credit card assets as the bank reorganizes itself in the wake of government bailouts.
Cairn India to start oil production this monthAugust 20th, 2009 NEW DELHI - Cairn India Thursday said it will start crude oil production from its fields in Rajasthan later this month and expects to hold cost at $5 per barrel. In a statement issued by the company, Chief Executive Officer Rahul Dhir said the initial output will be 30,000 barrels per day, which will be increased by another 50,000 barrels by the year-end.
Cairn to begin oil production from Rajasthan this monthAugust 2nd, 2009 NEW DELHI - Cairn India, part of the British oil explorer Cairn Energy, will start crude oil production from its Mangla oil fields in Barmer, Rajasthan, from the second week this month, a top official said Sunday. "The company has reached pricing agreements with principal buyers Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals (MRPL), said Rahul Dhir, chief executive of Cairn India.
ONGC will invest $730 mn in Cairn's Rajasthan blockJuly 13th, 2009 NEW DELHI - The state-run Oil and Natural Gas Corp. Ltd will invest $730 million in a Cairn India block in Rajasthan, despite expecting negative returns, Petroleum Minister Murli Deora said Monday.
Citigroup sells NikkoCitu Trust to Nomura Trust in scale back of Japan businessJuly 1st, 2009 Citigroup sells NikkoCiti Trust to Nomura TrustTOKYO — Nomura Trust and Banking Co. is acquiring NikkoCiti Trust and Banking Corp.
Suzlon raises stake in Germany's REpowerJune 6th, 2009 MUMBAI - Wind turbine maker Suzlon Energy has raised its stake in Germany-based REpower Systems AG to 90.72 percent by acquiring Martifer Group's 14.4 percent stake in the company, it was announced here Saturday. Suzlon acquired Portugal-based Martifer's stake with a final payment of 87.6 million euros ($122.3 million), the company said in a statement.
Goldman Sachs sells part of its stake in China bank ICBC for $1.9 billionJune 2nd, 2009 Goldman Sachs sells $1.9B stake in China's ICBCHONG KONG — Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
Telenor to have greater stake in Unitech WirelessMarch 17th, 2009 MUMBAI - Norwegian telecom major Telenor Tuesday said it will take 67.25 percent stake in Unitech Wireless, up from the previously stated 60 percent, for Rs.61.2 billion investment. 'While Telenor's initial investment under the agreement will continue to be the previously agreed Rs.61.2 billion ($1.2 billion), it has been agreed that Telenor, after this investment, would be holding 67.25 percent in Unitech Wireless,' Unitech said in a regulatory filing.
Sterling Projects raises stake in Arihant FoundationsMarch 13th, 2009 CHENNAI - City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foundations and Housing to 7.37 percent.
Suzlon raises stake in REpower to 73.7 percentDecember 29th, 2008 NEW DELHI - Suzlon Energy, India's largest wind turbine manufacturer, has acquired the first tranche of Martifer group's stake in REpower Systems AG of Germany for approximately euro 65 million ($89 million or Rs.4.23 billion), the company announced Tuesday. The transaction takes Suzlon's holding in REpower to 73.71 percent.
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