CONSOLIDATION IN THE OFFING
There is a strong buzz in the market that a consolidation in the real estate sector in the country is in the offing. Several permutations are being offered but the strongest possiblity is that the top four players could spark off a M&A round with the field reduced to two. The only problem is that some of them are facing court cases so the amalgamations may have to get around those.
NO AIRS FOR THIS MINISTER
It was quite a sight to see the foreign minister of
Seychelles check out of the hotel where the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) Economic and Business Conference conference was being held in Mauritius last week. Neither did the lady at the reception know who this distinguished guest was,nor did the guest let it be known. The minister handed out his credit card,settled his dues,and then proceeded for lunch with his Mauritian counterpart followed by a bilateral meeting. No flunkies from his countrys embassy to handle such trivial
matters. His aides,though,
arrived later,just in time for the bilateral.