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#$6bn

Nigeria loses $6bn from ‘corrupt’ oil deal linked to fraud

A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn.

The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget.

Eni and Shell are accused of knowing the money they paid to Nigeria would be used for bribes.

The…

Unilever has agreed to sell its margarine and spreads business, which include Flora and ProActiv, to private equity giant KKR for €6.8bn ($ 8bn, £6bn). The move follows a wide-ranging review of its business which was prompted by a takeover attempt by rival Kraft. Unilever said it would look for a buyer of the spreads business in April. At the time, it said the firm would step up its cost-cutting,…

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of UK jobs. BAE Systems employs about 5,000 people in the UK to build the fighter jets, mainly at Warton in Lancashire. Qatar’s purchase of 24 jets includes a support and training package from BAE, with deliveries due to start in 2022. The deal was announced in Doha by Defence Secretary Gavin Williamson and his Qatari…

TV tower firm Arqiva eyes £6bn UK listing

The UK’s largest owner of TV transmitters, Arqiva, has announced plans to float on the London Stock Exchange in a £6bn listing. Arqiva traces its roots back to the BBC’s first radio broadcast in 1922, and its masts are used by TV channels, radio stations and mobile networks. The flotation comes after a failed attempt to sell the company privately. The firm aims to raise £1.5bn to pay down debt in…

Tesco gets 3 bids of $6bn for Korean chain | Lidl US buy land for DC

Tesco gets 3 bids of bn for Korean chain | Lidl US buy land for DC In the Kaliningrad region in the January to July 2015 period, retail China trade equated to €1 billion- 97.4% of the data for the same period in 2014, reports kaliningradtoday.ru. In July, the turnover amounted to €149 million, compared to July 2014 – 96.1 … Read more on FreshPlaza

Embrace Global Opportunities With LED China In…

China’s Dalian Wanda receives HK stock approval for $6b IPO

HON KONG: The world’s second largest developer of shopping malls and office buildings Dalian Wanda Commercial Properties Company Limited received approval on Monday from Hong Kong’s stock exchange for up to $6 billion initial public offering (IPO). A unit of billionaire Wang Jianlin’s Dalian Wanda Group got the go ahead from the listing committee of the exchange. Further it will start measuring…