Expansion on cards after Axis buyout
The boss of Aberdeen company Axis Well Technology said international expansion was on the cards after a private-equity house bought a majority stake in the business.
majority stake
Argentine hijack
The Spanish government has warned Argentina that its planned hi-jack of Repsol's majority stake in YPF would make the country "an international pariah". Repsol holds 57% ownership of the company and represents 42% of Repsol's total reserves of some 2.1billion barrels of oil.
Mustang’s Latin America deal
ABERDEEN-BASED Wood Group said yesterday one of its units had taken a majority stake in a South American engineering firm for just over £3.3million.
Cairn’s India deal due “shortly”
Edinburgh-based oil firm Cairn Energy said today it expected a long-delayed deal to sell a stake in its Indian business to complete "shortly".
Vedanta go-ahead for Cairn India deal
Mining firm Vedanta Resources said yesterday it had been given the go-ahead to acquire a majority stake in Cairn India.
Cairn’s selloff plan stays on track
Cairn Energy's plan to sell a majority stake of its Rajasthan-focused business to Vedanta Resources remains on track, despite fears that the Indian government would block the sale.