Archive for July 30th, 2012
New York-listed CB&I acquires Shaw Group in $2bn deal
Netherlands-based engineering, procurement and construction (EPC) company Chicago Bridge & Iron Company NV (NYSE:CBI), or CB&I, said on Monday it had sealed a final deal to acquire US engineering specialist Shaw Group (NYSE:SHAW) for an enterprise value of about USD2bn …
France’s Accor to exit Australian fund, sell two Beijing hotels
French hotel operator Accor SA (EPA:AC) said today it will sell its interest in an Australian fund plus two hotels in Beijing to a newly-created hotel investment trust,
HSBC reports profit growth for first half, makes $2bn provision for compensation and US matters
HSBC Holdings plc (LSE:HSBA), the bank's parent company, said that it had generated pre-tax profit of USD12.7bn in the six months to the end of June, up from
Retail insolvencies in the UK rise by10%
There was a sharp increase in the number of British retailers going out of business between April and June, a new report showed today. Professional services firm PricewaterhouseCoopers (PwC)
UK miner Stratex to sell 51% of Muratdere project in Turkey
British gold and metals explorer Stratex International Plc (LON:STI) said on Monday it had agreed to sell a 51% stake in the firm that holds its Muratdere assets
British clients of HSBC-controlled bank in Switzerland avoid £200m in taxes
British clients of an HSBC-owned private Swiss bank that is the focus of a major HM Revenue & Customs investigation are alleged to have evaded tax by an amount likely
UK insurance group Aviva puts its US business on the block
UK insurance major Aviva Plc (LON:AV) is gearing for a sale of its US business after receiving several unsolicited approaches from trade buyers and private equity groups, the
Sale of IMO Car Wash postponed as investors opt for refinancing
The the planned sale of IMO Car Wash Group has been terminated, the Telegraph reported without specifying its sources, and the company's owners have opted to
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