Mergers and Acquisitions

Indonesia court rules against seizure of luxury yacht

A Jakarta court has ruled against the Indonesian police's seizure of a luxury yacht wanted as part of a U.S. probe into alleged multibillion-dollar theft and laundering of funds from a Malaysian state investment company.

New Greek port owners face repair cost setback

Owners of the newly-privatized port of Thessaloniki, in Greece's second-largest city, say they will need to spend an additional 27 million euros ($33.4 million) on unforeseen equipment repairs and upgrades, arguing that facilities were in far worse condition than described by the previous, state-appointed management.