Passenger Transportation, Ground & Sea

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Jiangxi Changyun Co Ltd to acquire stake in Dexing-based company

Friday, 19 Dec 2014 07:00pm EST

Jiangxi Changyun Co Ltd:Says to acquire 90 pct stake in a Dexing-based company that has been engaged in passenger transportation, from a Dexing-based passenger transport company.Transaction price 30.3 mln yuan.

Silk Bidco to carry out compulsory acquisition of remaining shares in Hurtigruten

Friday, 19 Dec 2014 06:00am EST

Hurtigruten ASA:Silk Bidco announces completion of voluntary tender offer for Hurtigruten.Following completion of voluntary offer, Silk Bidco owns 409,286,581 shares, about 97.46 pct of shares and voting rights in Hurtigruten.Silk Bidco intends to initiate compulsory acquisition of remaining shares in Hurtigruten.

Enterprise Holdings Inc acquires Open Road Rent A Car's Fleet and Business Assets in Texas

Thursday, 18 Dec 2014 01:05pm EST

Enterprise Holdings Inc:Says it has purchased certain business assets, including a fleet of about 1400 vehicles, from Open Road Rent A Car, an on-site rental car provider at select Toyota dealerships in Texas.Terms of the transaction were not disclosed.

Avis Budget Group Inc agrees to acquire Its Avis and Budget Licensee for Norway, Sweden and Denmark

Wednesday, 17 Dec 2014 08:37am EST

Avis Budget Group Inc:Says it has agreed to acquire its licensee for the Avis and Budget brands in Norway, Sweden and Denmark for about $50 mln.Says the licensee being acquired operates both the Avis and Budget brands at locations throughout the region including Oslo, Stockholm, Copenhagen and Sweden's Arlanda and Goteberg airports.Says the acquisition is scheduled to close in Q1 2015.

Localiza Rent a Car SA plans to renew its car fleet for 2.3 bln Brazilian reais

Friday, 12 Dec 2014 05:13am EST

Localiza Rent a Car SA:Says it approved on Dec. 11 a car sale and purchase plan for FY 2015.The plan includes purchase of 74,000 cars to renew company's car fleet.Estimated investment of 2.3 billion Brazilian reais.

Kwoon Chung Bus Holdings Ltd's subsidiary announces ACQUISITION of remaining 10 pct equity interest in Chinalink

Friday, 12 Dec 2014 03:16am EST

Kwoon Chung Bus Holdings Ltd:Says that on Dec. 12, through TIL, its indirect 100 pct owned subsidiary, entered into an Agreement with Alan Chan, the 10 pct minority shareholder of Chinalink.Pursuant to which TIL agreed to acquire from Alan Chan the remaining 10 pct of the entire issued share capital of Chinalink at an aggregate consideration of HK$45,000,000.After completion, TIL will own 100 pct effective equity interest in Chinalink.

Hurtigruten ASA: Silk Bidco announces final results of voluntary tender offer

Friday, 12 Dec 2014 02:30am EST

Hurtigruten ASA:Silk Bidco AS announces final results of voluntary tender offer.Final result shows offeror received acceptances of offer for a total of 174,484,875 shares, representing about 41.55 pct of shares and voting rights in company.Offeror controls or has received acceptances for a total of 409,286,581 shares, representing about 97.46 pct of shares and voting rights in company.

Hurtigruten ASA: Silk Bidco AS controls or receives acceptances for 97.31 pct in Hurtigruten

Monday, 8 Dec 2014 02:30am EST

Hurtigruten ASA:Announces preliminary results of Silk Bidco AS' voluntary offer for the shares in Hurtigruten.Says offeror has received acceptances of offer for a total of 173,873,284 shares, representing about 41.40 percent of shares and voting rights in company (excluding shares held in treasury).Offeror controls or has received acceptances for a total of 408,674,990 shares, representing about 97.31 percent of shares and voting rights in company.Offeror will initiate a compulsory acquisition of the remaining shares of the company not owned by the offeror and propose that the company applies for a delisting of the shares from the Oslo Bors.

Shanghai Haibo Co Ltd subsidiary of sub-subsidiary MODERN VALUE INVESTMENT LIMITED signs purchase agreement with Eastern Investment Holdings Limited

Monday, 1 Dec 2014 07:00pm EST

Shanghai Haibo Co Ltd:Subsidiary of sub-subsidiary MODERN VALUE INVESTMENT LIMITED signed purchase agreement with Eastern Investment Holdings Limited.The Subsidiary of sub-subsidiary to acquire a logistics center from Eastern Investment Holdings Limited with HK$750 million.

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