February 8 – Rasmala Buyout Fund a Dubai based company has bought Aramex for around $60m. The purchase ws made by tender offer for the Aramex shares which were traded on NASDAQ through Cayman Isles and Bermuda subsidiaries. Fadi Ghandoor the former main shareholder in Aramex has taken up 28% of the shares of the Cayman Island cpmany acquiring the shares.
Read MoreJanuary 2001 – BBX has announced a joint venture with Unipart
Read MoreFebruary 5, 2002 New Zealand Post, through its subsidiary Transend has bought a 35% stake in Maltapost. It wil manage Maltapost for 2 years. It will seek to develop mail systems and marketing and seek to establish arrangements in North Africa and the Middle East.
Read MoreBritish Airways today said its cargo traffic fell by almost 25% in the last three months of 2001 as trans-Atlantic trade plunged in the wake of the Sept. 11 terrorist attacks. Europe’s largest airline reported a pre-tax loss of £160 million ($226 million), its worst-ever for the fiscal third quarter, compared with a profit of $91.6 million in 2000 of $2.6 billion.
Read More4 February 2002 New Zealand Post has bought a 16% holding in a software firm Viatx. Viatx provides software used to build e-commerce-enabled Web sites.
There is an option to increase the holding to 50 percent.
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