Market Analysis

 

Activities in the area of mergers and acquisitions in general, last week was less pronounced. In particular, the number of transactions in the financial sector has declined. However, in the telecommunications market for mergers and acquisitions experienced a burst due to the improved situation in the credit and financial markets.

Mining

On Monday, it became known that the world's largest mining company Rio Tinto Group has sold part of his unit Alcan American Bemis for $ 1.2 billion in order to reduce debt. Finance Director Rio Tinto Group zayavill that the sale of units is the first step in reducing the portfolio of assets acquired in conjunction with Alcan.

In addition, on Thursday, newspaper Wall Street Journal, referring to unnamed source reported that the Australian company Amcor plans to buy the packaging unit Rio Tinto Group for $ 2.2 - $ 2 , 4 billion in transactions under the Rio Tinto Group intends to sell Amcor European and Asian unit specializing in packaged foods, tobacco and cosmetics.

Automotive

On Tuesday, Italian automakers Fiat has entered into strategic cooperation with the Chinese company Guangzhou Automobile Industry Group to manufacture its cars in China starting in 2011. Reported that both manufacturers are investing a total of 400 million euros ($ 559 million) in the joint venture, which will produce models Fiat Bravo, Fiat Grande Punto and upgraded Fiat Linea.

financial sector

in the middle of the week the British investment fund Actis Capital announced its plans to buy stake in Egyptian bank Commercial International Bank of Egypt , also known as CIB, for $ 244 million is expected that as a result of the transaction Actis Capital will belong-ing 9.3% stake in Egyptian lender.

Information Technology

Italian internet company Tiscali at the beginning of the week completed a deal to sell its British unit firm specializing in retail sales of mobile phones and laptops, Carphone Warehouse Group . The deal is valued at 255 million pounds sterling.

in the middle of the week as it became known that an American developer and supplier of software systems and information technology services MSC Software has agreed to a deal with private companies Symphony Technology Group , and the investment firm Elliott Management , which will be absorbed by MSC Software for $ 360 million

Telecommunications

Wednesday Hutchison Telecommunications International , provides telephone services in emerging markets, announced its intention to sell the share of the Israeli troops. According to some analysts' estimates, 51% of th share of the second-largest in Israel, provider of mobile communications is estimated at $ 1.3 billion

in Europe's largest media company Bertelsmann reported that the plans together with the private investment fund KKR Co to create a joint venture, which will focus on copyright clearance for music. Expected that the Bertelsmann deal will have 49% share-ment in the joint venture, while the remaining part of KKR. However, for the transaction companies need to be approved by regulatory authorities.

On Thursday, the Moroccan company providing internet services and telephone services, Maroc Telecom decided to buy a 51% share in the Malaysian state telephone company Sotelma for 275 millioneuro ($ 383 million). Chairman of Maroc Telecom reported that the deal with Sotelma help companies to expand its presence in Mali.

Transneft to ensure uninterrupted power supply of the first stage of ESPO
Crude oil traded near an important level of $ 60
Euro is not falling, despite the overall downsizing appetites for risk
Barroso: Nabucco would ensure energy security in South-Eastern, Central Europe and Turkey
Additional pressure on the debt market this week will have a corporate placement on the primary market
Shares of oil and gas sector has gradually been able to go in the plus zone
The nearest support for the RTS index is in the range of 760-830 points
At the European sites is observed positive dynamics
The dollar depreciated - the evening review of cash markets

Reviews and ideas