PRESS DIGEST- British Business - May 29
May 29 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
MEXICO CITY Oct 4 IFM Global Infrastructure Fund will boost its stake in the Mexican unit of Spanish construction firm OHL with an 8.64 billion peso ($448 million) purchase, OHL Mexico said in a statement on Tuesday.
Once approved by government agencies, the purchase takes IFM Global's stake in OHL's Mexico OPI subsidiary from 24.99 percent to 49 percent, while OHL Mexico will keep the remaining 51 percent. ($1 = 19.3200 Mexican pesos) (Reporting by David Alire Garcia)
* unit entered into arrangements regarding acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from Exxonmobil affiliates Source text for Eikon: Further company coverage:
* Novo Resources to invest $2m to earn in to new 50/50 gold exploration, development, mining and collaboration jv in Karratha. Source text for Eikon: Further company coverage: