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Larsen & Toubro Ltd's L&T Technology Services forms joint venture with Thales to strengthen Avionics Business

Thursday, 26 Jun 2014 04:53am EDT

Larsen & Toubro Ltd:L&T Technology Services, wholly-owned subsidiary of Larsen &Toubro Limited (LaT), has purchased 74 pct of equity capital of Thales Software India Pvt. Ltd.,Indian subsidiary of Thales, global technology in aerospace, transportation and defence and security markets.With this transaction, LaT Technology services will now manage and oversee management control, operations and delivery of services of the new joint venture.Joint venture brings together the strategic strengths of both the groups.By retaining 26 pct equity stake, Thales will help the company develop the latest trends in the avionics industry, one of its core businesses.This collaboration adds to L&T Technology Services' growing competencies by enhancing its expertise in high-end avionic software.

Sanyo Engineering & Construction Inc announces payment date of acquire Musashino Kogyo

Thursday, 26 Jun 2014 02:00am EDT

Sanyo Engineering & Construction Inc:Says decided payment date of acquire Musashino Kogyo expected on Aug. 1.Details disclosed on March 20 and May 29.

Malaysian Resources Corporation Berhad acquires interest in P.J Sentral Development Sdn Bhd

Wednesday, 25 Jun 2014 08:00pm EDT

Malaysian Resources Corporation Berhad:Acquisition of 70 pct equity interest in P.J Sentral Development Sdn Bhd from Nusa Gapurna Development Sdn Bhd.Acquisition for total consideration of 199,000,000 Ringgit.Consideration will be satisfied via combination of cash of 30,348,584 Ringgit and 108,807,365 new MRCB shares at an issue price of 1.55 Ringgit per MRCB share.Together with 31,087,819 consideration warrants on basis of two (2) consideration warrants for every seven (7) MRCB shares issued.

LUCKLAND CO LTD announces rehabilitation support to company

Wednesday, 25 Jun 2014 04:20am EDT

LUCKLAND CO LTD:To supply rehabilitation support to a Tokyo-based company.To acquire 1,000 shares (100 pct stake) of the Tokyo-based company, engaged in electric construction business and industrial electric machine wholesale business ,for 50 million yen after Tokyo-based company's 100 pct reduction of capital.

Lian Beng Group Ltd announces completion of acquisition of property

Tuesday, 24 Jun 2014 05:11am EDT

Lian Beng Group Ltd:Completes the acquisition of property along Leng Kee Road and Alexandra Road on 23 June 2014.

SNC-Lavalin Group Inc to acquire Kentz Corp Ltd

Monday, 23 Jun 2014 06:41am EDT

SNC-Lavalin Group Inc:Reached an agreement with Kentz Corporation Ltd (Kentz), approved by boards of directors of both companies.Agreement on terms of cash acquisition by which entire ordinary share capital of Kentz--issued and to be issued--will be acquired by SNC-Lavalin.Proposed acquisition of Kentz is fully aligned with SNC-Lavalin's strategy of becoming global Tier-1 engineering and construction (E&C) services firm.Each Kentz shareholder will be entitled to receive 9.35 Pound (C$17.13) in cash for each Kentz share, valuing Kentz's aggregate existing issued and to be issued ordinary share capital at about 1.2 bln Pound (C$2.1 bln).

Bilfinger SE acquires British real estate firm GVA

Monday, 23 Jun 2014 04:01am EDT

Bilfinger SE:Can fully acquire British real estate consultancy GVA.Purchase offer submitted by Bilfinger was accepted as submitted within the set deadline by 99 percent of GVA's shareholders, who number just under 300.Remaining shareholders are thereby obligated to offer their shares for sale.Parties have agreed not to disclose details of purchase price.


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