Domestic News
Adani Power tobid for power plant, coal mine in Kosovo: report
Adani PowerLtd has been shortlisted to bid fora 1,238-megawatt thermal power project and coal-mining rights in Kosovo,according to a report.
The report statedthat Adani Power and its Indonesian arm PT Adani Global are among four groupsselected by the Eastern European nation’s government to bid to build twocoal-based units of 560 megawatts and 678 megawatts.
The company hasreportedly said that they may look at more such opportunities in Eastern Europeor elsewhere in Europe.
Sun Pharma to acquire U.S Company worth US$500mn to US$1bn: report
Sun Pharma looking to acquire U.S Company worth US$500mn to US$1bn. According to reports, Sun Pharma is looking for licensing opportunities with MNCs. Sun Pharma is not looking for acquisition in domestic market, adds report. The stock closed down at Rs1735.50, down Rs15.80 or 0.90%, over the previous close. The stock touched an intra day high of Rs1760 and low of Rs1731, after opening at Rs1755.
NALCO to buy coal mine in Indonesia for US$3.8bn: report
National Aluminium Co is planning to invest US$3.8 bn buying a coal mine in Indonesia, according to a report. The report stated that the company is in talks with Indonesian firms. The company is planning to build an aluminum smelter and a coal-fired power plant in East Kalimantan on the Borneo island in a joint venture.
Global News
Weir Group acquires BDK Engineering's valve business
The Weir Group PLC has agreed to acquire the valves business of BDK Engineering Industries Limited (“BDK”). Completion is conditional on tax clearance and is scheduled for early October 2010. The business had gross assets of £16.7m (INR 1.22bn) at 31 March 2010. BDK, a family owned business based in Hubli, Karnataka, India, manufactures valves for the oil and gas, petrochemical and power markets. The business generated sales of £20.9m (INR 1.52bn) in the year to 31 March 2010.
PE firm Navis Capital bids for Carrefour assets: report
A consortium led by private equity firm Navis Capital has reportedly bid for Carrefour assets in Singapore and Malaysia. Navis,has not put in a bid for Carrefour's assets in Thailand, adds report. On Wednesday, Aeon had joined the bidding for the Southeast Asian assets of French retail major Carrefour SA. Reports suggested that it will bid for Carrefour's assets in Singapore, Thailand and Malaysia. The auction of the Asian assets could fetch around US$1bn, adds report.
Kenexa announces agreement to acquire Salary.com
LifePoint Hospitals completes acquisition of Sumner Regional Health Systems
Omnicare announces acquisition of Continuing Care Rx
Molina Healthcare closes acquisition of Abri Health Plan: report
Sinochem hires HSBC for Potash bid: report