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Archive for the Category ‘Business’

Centrica Seals £2 Billion Gas Deal With Qatar

Centrica Seals £2 Billion Gas Deal With Qatar

Feb 23, (PRINTWORDS NEWS) UK based gas giant Centrica has signed a £2 billion deal with Qatar in order to meet the gas demands of 2.5 million households in the nation, the company declared on Tuesday. Under the contract which would be valid for a period of three years, the British Gas parent firm would [...]

Genzyme To Be Acquired By Sanofi-Aventis For About 20 Billion

Genzyme To Be Acquired By Sanofi-Aventis For About 20 Billion

Feb 16, (PRINTWORDS NEWS) Sanofi-Aventis, the renowned French pharmaceutical company is all set to acquire Cambridge, Massachusetts based Genzyme Corp., company officials highlighted on Wednesday. The deal that is likely to be signed between the U.S. biotechnological firm and the French drugmaker is reported to be worth a whopping $20.1 billion and would also take [...]

Flagstone Re-raises Funds For New Zealand EarthQuake Losses

Flagstone Re-raises Funds For New Zealand EarthQuake Losses

Dec 31, (PRINTWORDS NEWS) The earthquake which struck New Zealand on September 4th might cause losses in insurance industry, as much as $6 billion, as said by Flagstone Reinsurance Holdings SA. Flagstone Reinsurance Holdings Ltd. raised its loss estimate from the 7.1-magnitude earthquake earlier this year itself in New Zealand to something around $75.5 million. [...]

iGate Is Going To Acquire Patni

iGate Is Going To Acquire Patni

Dec 27, (PRINTWORDS NEWS) Though there is no official confirmation, iGate Corp is likely to acquire 60 per cent of Patni Computer Systems. An announcement in this regard is likely to be made any time this week. The value of the deal can be around $1 billion. Patni Computer is said to have rejected a [...]