On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Egypt’s Orascom Telecom is one of the bidders for state-run Pakistan Telecommunication Co (PTCL).

- Enterprise solutions provider Baan announced last week that Invensys plc has approved the sale of the company to an investment group consisting of Cerberus Capital Management, LP and General Atlantic Partners, LLC, two private investment firms.

- The privately held MB Technologies group has struck a deal to sell 35% of its storage division StorTech to a black empowerment partner. Its new shareholder will be Sifikile, a company set up to invest in technology businesses by its founders, Sifikile Investment Holdings and Mvelaphanda Strategic Investments.