South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping a merger proposal from Australian rival Myer Holdings Ltd with a hefty premium.
- Wednesday, 09 April 2014 10:20
- Byron Kaye and Maggie Lu Yueyang SYDNEY (Reuters)
- Wednesday, 09 April 2014 08:56
Nigerian oil and gas firm Seplat has offered 26.4 percent of its shares in a combined market debut in Lagos and London that values the group at about $1.9 billion.
- Tuesday, 01 April 2014 06:32
Bob Diamond-backed investment company Atlas Mara, said it would acquire sub-Saharan African bank ABC Holdings Limited (BancABC) and ADC African Development Corporation AG, for up to $265 million in cash and shares.
- Thursday, 27 March 2014 16:17
- Nicholas Norbrook
With the swagger of a new generation, Shoreline swept up former Shell assets in 2012 to join the vanguard of nigeria's indigenous upstream revolution. Kola Karim, Group Managing Director and Chief Executive Officer of Shoreline Energy International spoke to The Africa Report.
- Thursday, 20 March 2014 11:20
U.S.-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris's telecoms empire to win business in Europe, Asia and the Americas.
- Wednesday, 05 March 2014 05:57
Commodity trader and miner Glencore confirmed on Tuesday its interest in buying oil assets that oil major Shell is selling in Nigeria.