Hints and tips:
...It means we have not just the lowest headline corporation tax rate in the G7 but its most generous capital allowances....
...Constructive Capital, previously involved in an offensive against parts manufacturer Kongsberg Automotive, claimed in a letter to Telenor’s board that its proposed course of action could boost the company...
...The OCI deal was Mr Will’s second failed attempt to clinch a tax inversion transaction. An earlier attempt to combine with Norway’s Yara International was also unsuccessful....
...The chairman and director-general of the Tanzania Petroleum Development Corporation, who play a key role in negotiating with foreign companies, were later released by police after several hours in detention...
...In August, Anadarko sold a 10 per cent stake in its gasfield to India’s Oil and Natural Gas Corporation for $2.64bn....
...Swedish oil company Lundin Petroleum declined to comment on rumours that it has been in talks to sell a significant equity stake to China Petrochemicals Corporation....
...The London-based metals and agricultural commodities brokerage will pay £94.5m to buy Spectron Group, a leading broker of over-the-counter energy derivatives, from Imarex, a Norway-based freight and energy...
...Also in Oslo, Renewable Energy Corporation was up 2.3 per cent to €18.66 after winning a contract to sell multicrystalline wafers to an Asian cell and module producer....
...In Frankfurt, Daimler rose 2.7 per cent to €41.05 as it was reported that one of its partners, Beijing Automotive Industry Holdings, plans to buy out smaller rival Baolong Auto....
...Dana, which is currently being stalked by Korea National Oil Corporation, said the field in the Gulf of Suez could contain proven reserves of 10m-12m barrels of oil....
...The board of Russian Technologies has approved the purchase of 12.12 per cent in Kamaz, taking the state corporation’s holding in the country’s biggest truck maker to just short of 50 per cent Metro, Germany...
...Norwegian solar company Renewable Energy Corporation saw a sharp fall in its shares on Wednesday after it said it expected a poor first quarter that could put its financial ratios in breach of loan agreements...
...Meanwhile, shares in German defence and automotive parts supplier Rheinmetall rose after it signed a joint venture with MAN, the German truckmaker to combine their wheeled armoured vehicle operations....
...The company forecast a further weakening over 2008 due to slowing demand in Europe for metal products, particularly from the automotive and building markets which have been punished by turmoil in the credit...
...In Norway, Renewable Energy Corporation won a $300m deal to supply silicon wafers to US company Suniva, while German solar cell maker Roth und Rau signed a collaboration agreement with SVTC Technologies...
...The approach to TeliaSonera immediately focused attention on Telenor of Norway as a potential counter bidder....
...Norway’s Renewable Energy Corp rose 4.1 per cent to NKr145.75, while Germany’s Q-Cells added 2.4 per cent to €65.50....
...Storebrand denied the deal was a defensive tactic to protect against a possible bid by Kaupthing, the acquisitive Icelandic bank, which has a 20 per cent shareholding....
...The latest story doing the rounds is that Centrica could be a target for Norway’s Norsk Hydro....
...The C$5.6bn (€3.95bn) acquisition gives Arcelor a crucial foothold in the US market and a strong presence in the automotive sector to help balance out the group’s reliance on Europe....
...Norway’s Statoil was up 2.4 per cent to NK141.00....
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