Category Archives: Takeovers

Congo government signs agreement with BVI company bypassing Canadian miner

Vancouver-based copper miner First Quantum Minerals Ltd. is planning to put the issue on one of the worst expropriations in the Canadian mining sector on the agenda to be discussed at the upcoming G20 summit. Its US$765mln Kolwezi Tailing project … Continue reading

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Deals with UK’s Portsmouth club investigated by the Premier League

It became known that the Premier League has used corporate investigators to unravel the ownership and control structure of the Portsmouth City Football club. In particular, the League tried to reveal the inside of the transactions in the course of … Continue reading

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Al Faraj no more the owner of the Portsmouth club

The Saudi property tycoon Ali Al Faraj, who bought  a controlling stake of the Portsmouth club through the BVI-registered company Falcondrone Ltd, and was found not to have enough resources to rescue the club, now was forced to hand over … Continue reading

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Situation with Portsmouth club purchased by Al Faraj’s BVI company remained uncertain

Ali Al Faraj, the owner of the Portsmouth club affected by crisis, had cancelled his plans to appear in the UK for the first time since the takeover which took place in October 2009. The Portsmouth club is challenging the … Continue reading

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BVI company’s offer separated the board of Midwinter Resources

Shareholders of the Australian-based exploration company Midwinter Resources have called a meeting which will take place next month and during which former company’s chairman Jonathan O’Callaghan – now the non-executive director – will be probably ousted from the board. This … Continue reading

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Football League investigates Notts County’s takeover by the BVI company

The purchase of Notts County football club by Munto Finance Limited, which is incorporated in the British Virgin Islands and owned by the Middle East businessmen, is investigated by the Football League two months after the deal was completed. The … Continue reading

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Shareholders of BVI-registered Lenta Ltd continue arguing publicly

The shareholders of St. Petersburg retail chain Lenta August Meyer and Oleg Zherebtsov continue emotional discussions and mutual accusations, trying to force each other out from company’s management. By words of an American shareholder, the subject of conflict and disagreement … Continue reading

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