Diageo, has pulled out of the $6 billion-plus auction for Vin & Sprit, the Swedish maker of Absolut vodka, after buying half of a fast-growing Dutch rival, Ketel One.
“We will no longer be in the Absolut process,” Diageo’s chief executive, Paul Walsh, said Wednesday. “We are acquiring a brand which we believe has greater potential […]

Reserve Bank will conduct the auction for 10-year State Development Loans for six state governments aggregating to Rs 5833.300 crore on January 7.
The largest amount of Rs 2,000 crore is being raised by Maharashtra, followed by Uttar Pradesh Rs 1,100 crore, Gujarat Rs 1,000 crore, Kerala Rs 833.300 crore, Rajasthan Rs 600 crore and […]

The Colombian government will auction rights to explore for oil in 151 blocks during 2008, Armando Zamora, the chief of the oil licensing agency, ANH, said Monday in Cartagena.
The Colombian government will auction rights to seek oil and gas in eight blocks located near existing fields currently producing heavy crude oil. The ANH invited companies […]

A website allowing borrowers to put their mortgage up for auction has been making slow progress since it launched.
Users can put their mortgage application online at Fundit and a panel of lenders then get to bid for the business by offering competitive rates. www.stuff.co.nz

On January 17, 2008 for the first time in this year the products of Uralkali (Berezniki, Perm Territory) were auctioned on the Saint-Petersburg Universal Trade Stock Exchange “Umex”. The results of the auction have proved again there is a stable demand for the products of the company. 10000 tons of Pink MOP were sold for […]

DBS Bank has won a government auction to acquire the “good bank assets” of Bowa Bank in Taiwan.
Under the terms of the transaction, DBS will acquire Bowa’s net loans of approximately NT$66.3 billion (S$2.9 billion), and another NT$92.3 billion (S$4.1 billion) of deposits.
DBS did not disclose the financial value of the transaction.
The […]