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Stock Market & Financial Investment News

News Breaks
December 19, 2013
07:28 EDTCGCarlyle Group, Vitol announce investment in Varo Energy
The Carlyle Group and the Vitol Group of Companies announced a transaction intended to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners will each own 50% of an enlarged Varo Energy Group. AtlasInvest will sell its shareholding in Varo Energy to CIEP while Vitol will reduce its current stake to enable each party to own 50%. In conjunction with CIEPís investment into Varo Energy, Varo Energy will acquire from Vitol all shares in PT Holdings GmbH, the holding company for Petrotank Neutrale Tanklager GmbH and all shares in Vitol Germany GmbH. Varo Energy will also acquire, by means of a separate transaction, all shares currently held by OMV Deutschland GmbH in Bayernoil Raffineriegesellschaft mbH, as well as certain downstream assets owned by OMV Deutschland GmbH.
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August 27, 2014
06:39 EDTCGCarlyle, Vanke in advanced discussions for mall acquisitions, Reuters says
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