Global

S&P downgrades Pemex
Energy

S&P downgrades Pemex

Global ratings agency Standard & Poor’s (S&P) said it has slashed the credit rating for Mexico’s national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm’s finances. S&P followed the Pemex cut with lower credit outlooks for a range of […]

Heineken extends JV with OXXO
Global

Heineken extends JV with OXXO

Heineken N.V. has announced that its Mexican subsidiary Cervezas Cuauhtémoc Moctezuma, S.A. de C.V. and Cadena Comercial Oxxo, a subsidiary of FEMSA have signed an agreement to extend their commercial relationship for 5 years. Heineken said it will extend the agreement for up to and including March 2024. The current […]

AB InBev records strong growth in Nigeria
Big Business Global

AB InBev records strong growth in Nigeria

The world’s largest brewer, Anheuser-Busch InBev, or AB InBev said it recorded growth in volume, revenue and market share growth achieved in many of our important markets including Nigeria. It would be recalled that AB InBev acquired SAB Miller for over $100 billion in 2016, a merger that automatically added […]

Naspers’s Multichoice lists on the JSE
Global JSE SENS Tech

Naspers’s Multichoice lists on the JSE

South Africa’s Naspers Limited has finally cut-off Multichoice from its business with the listing of the payTV company on the Johannesburg Stock Exchange, JSE. Multichoice is the largest payTV company in Africa with major brands such as DSTV, GoTV, SuperSport, MNeT, Africa Magic and ShowMax, its online streaming business. Listed […]

ADNOC, KKR, BlackRock signs multi-billion dollar pipeline deal
Energy

ADNOC, KKR, BlackRock signs multi-billion dollar pipeline deal

The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into a landmark multibillion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. As part of the transaction, a newly formed entity called ADNOC Oil Pipelines – Sole Proprietorship LLC (henceforth referred […]

Qlik acquires Attunity for $560 million
Global Tech

Qlik acquires Attunity for $560 million

Data integration and big data management software solutions provider, Qlik signed a definitive agreement under which Qlik will acquire Attunity. Under the terms of the agreement, Qlik will acquire all outstanding ordinary shares of Attunity for a total value of approximately $560 million. Attunity shareholders will receive $23.50 in cash […]

Millicom acquires more towers in Americas
Global Tech

Millicom acquires more towers in Americas

Millicom International Cellular S.A. said it has entered into agreements with Telefónica S.A. and certain of its affiliates, to acquire the entire share capital of Telefónica Móviles Panamá, S.A., Telefónica de Costa Rica TC, S.A. and Telefonía Celular de Nicaragua, S.A. Millicom said it is paying for a combined enterprise […]