Warren Buffett takes 3 percent stake in Germany's Lanxess
FRANKFURT Lanxess disclosed on Monday that Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker.
KIEV Ukraine wants to raise between $5 billion and $6 billion by selling a minority stake in state energy firm Naftogaz on the stock market, Energy Minister Yuri Boiko said on Tuesday.
"We are deciding with our advisers now which stock exchange is best for the placement," the Energy Ministry quoted him as saying in a statement.
"We plan to receive $5 to $6 billion ... that will be used to develop the company, to increase gas production in our country and to upgrade our gas shipping system."
Boiko did not provide any further details.
Naftogaz Chief Executive Yevhen Bakulin said earlier this month the company, which both resells Russian gas in Ukraine and ships supplies onwards to Europe, planned an IPO around 2013.
Russia has suggested merging gas group Gazprom (GAZP.MM) with Naftogaz in a move that would give it control over Ukraine's gas transmission network, but Kiev has so far rejected the idea.
(Reporting by Pavel Polityuk; Writing by Olzhas Auyezov; Editing by David Holmes)
BEIJING Hong Kong-listed Frontier Services Group (FSG), co-founded by former U.S. military services contractor Erik Prince, said it had acquired 25 percent of a Chinese security training facility, the company's latest move to tap into China's Belt and Road development plan.
BRUSSELS EU antitrust regulators approved on Monday French utility EDF's planned takeover of the nuclear reactors business of Areva , confirming a Reuters report earlier this month.