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Severstal mines African iron ore stake

OAO Severstal (Severstal), a metals and mining company with assets in Russia and in North America, has announced that its Severstal Resources mining division has acquired a 61.5 per cent stake in African Iron Ore Group (AIOG).

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Mid-market fund raises £430 million

UK private equity firm ECI Partners has closed its new fund, ECI 9, three months after its launch, raising £430 million.

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Valeant to acquire Dow Pharmaceuticals

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Serco’s Indian takeaway

Business outsourcing services group Serco is to establish its brand in India after buying a controlling stake in InfoVision.

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New City jobs halve year-on-year

Wages and vacancies in the financial services industry are falling, according to research from City recruitment firm Morgan McKinley.

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Edge Performance VCT seeks £10 million

Entertainment industry-focused Edge Performance VCT is seeking £10 million from investors in its current fundraising.

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YFM backs digital screening specialist

Digital Healthcare, a provider of diabetic screening to the NHS, has received £2.6 million from investors including Leeds-based firm YFM.

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Manpower agrees Baum Hart & Partners deal

Manpower Software, a workforce optimisation software applications provider, has agreed to acquire Baum Hart & Partners (BHP), a provider of integrated software systems, consultancy, training and support services principally to the NHS for up to £2.2 million.

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