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SYDNEY: Singapore-listed Frasers Centrepoint Ltd made a surprise A$2.6bil (US$2.41bil) cash takeover bid for Australia’s Australand Property Group, trumping an offer from Australian firm Stockland Corp Ltd.
ZURICH/PARIS: Cement makers Holcim and Lafarge have received more than 100 expressions of interest in assets they must sell ahead of their planned merger, the Swiss company's chief executive said on Monday.
PETALING JAYA: A total of 15 million shares in Malaysia Pacific Corp Bhd (MPCorp), amounting to some 5.2% of the total paid-up capital in the company, have been sold off by its former chief executive officer (CEO) and controlling shareholder Bill Ch’ng Chong Poh to businessman Tey Por Yee, sources said.
MOSCOW: OAO Severstal, the Russian steelmaker controlled by billionaire Alexey Mordashov, agreed to sell its US plants to Steel Dynamics Inc and AK Steel Holding Corp for US$2.33bil, marking its exit from the country.