Wed Mar 18, 2015/Reuters As Alibaba (BABA.N) was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especially those with a lot of hype. […]
Business News
Holcim-Lafarge €42 Billion Merger Deal Hits Rock
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-One of the world’s leading suppliers of cement and aggregates, Holcim Ltd said on Monday a planned €42 billion ($44.27 billion) merger with Lafarge SA may no longer hold. This is coming on the heels of pressure from shareholders of Holcim which made the company […]
BP signs $12 billion energy deal in Egypt
Sat Mar 14, 2015/Reuters Oil company BP has signed an agreement to invest $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, a joint statement from the company and the government said on Saturday. The deal, finalised at an international investment conference in the Sharm El-Sheikh […]
