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  • Vodaphone AirTouch has raised a euro30 billion ($29.8 billion) syndicated loan in connection with its bid to buy German telecommunications company Mannesmann.
  • United Pan-Europe Communications (UPC) has succeeded in its bid to raise $1.6 billion through a high-yield bond in late January.
  • UK firm Allen & Overy is advising on one of the first true acquisition financings in the UAE. Albert Abela Corp, a company specializing in services such as in-flight and hotel catering, is to buy Unilever's African & Eastern Group. Unilever's operations include liquor outlets which supply licensed purchasers, hotels and the airport Duty Free. There are less than 10 licenses to operate such suppliers in the UAE.
  • Pirelli has announced the sale of its terrestrial optical systems business to Cisco Systems for $2.15 billion in the latter company's shares.
  • Over 500 companies are proposed to be offered for privatization in Iran’s Third Economic Development Plan and the doors are being opened to foreign investment.
  • Saudia Arabia’s growing demand for energy may soon force the country to open its doors to foreign investment.
  • Foreign investment in South Korea has reached record levels after the government abolished laws impeding cross-border mergers and acquisitions in 1998. Investment funds are moving in and hostile take-overs are set to increase. Rob Mannix reports on the lawyers advising overseas buyers.
  • A New Securities Code By Cristina Galhardo Vilao, of Oliveira, Martins, Moura, Esteves e Associados - Sociedade de Advogados
  • Corporate Governance advances in Mexico By John E Rogers and Adrian Zubikarai A Ball, Mexico City
  • Regulation of Take-Overs: Providing information to a potential bidder By Konrad Siegler of Martonyi es Kajtar Baker & McKenzie, Budapest