On Wednesday, it agreed to buy a majority stake
in Egypt's National Societe Generale Bank from its French parent for $2 billion.
Bankers reportedly said the parties had looked at two deals: the sale of a majority stake
, at least 75 per cent, and the sale of the whole unit, with commodities managers at Morgan Stanley taking a 20 per cent stake funded by private equity.
Advertising and marketing services provider WPP PLC announced on Friday that its wholly-owned operating network Possible Worldwide has agreed to acquire a majority stake
in digital marketing services agency Grape LLC in Russia.
It followed a report in an Arabic daily newspaper that quoted Aabar's chairman - who was appointed to the same post at Arabtec last week - as saying the investment fund now owns the majority stake
The alliance has been in talks with AvtoVAZ's shareholders to take a majority stake
in the maker of Lada cars since last year and had expected to complete a deal by the end of 2011.
25 January 2012 - US molecular biotechnology firm GeneThera Inc (PINK:GTHR) said today it had agreed to buy a majority stake
in Mexico-based molecular diagnostic company Applied Genetics SA.
In a statement, VimpelCom said it has entered into a non-binding MoU with the Algerian state and "agreed that it will consider selling a majority stake
in Orascom Telecom Algerie (OTA), subject to an acceptable price and satisfaction of other conditions."
2, Kirin said it has acquired a majority stake
in Schincariol Group by buying all the outstanding shares of Aleadri, a company that holds a 50.45 percent stake in the Brazilian beer company.
That's why the other main bidder - Russia's Inter RAO - was widely expected to be picked as a buyer of the majority stake
Meanwhile, FAS had authorised also Bashkhim to buy the majority stake
Astra group previously made a SR 225 million ($68 millionA[bar]) offer to buy the majority stake
of the steel unit, which has now been approved.
The Atlanta-based company said it will take a majority stake
in Unsped Paket Servisi San ve Ticaret, while Haluk Undeger will retain a minority stake and stay on as chief executive of the joint venture.