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AGL in talks to buy TEPCO's 32.5% stake in Loy Yang Power

TEPCO to collaborate with AGL valuing the stake at less than half the A$326.7 million

Telecom company reported 2.7% rise in its operating revenue to S$4.83 bln

World Bank unit also plans to invest up to $110 million in Hikma Pharma to improve access to high-quality generic medicines in the MENA region

Australian private equity fund Archer also invests over A$600 million this year, also announces plans to raise money in September

Australian miner Whitehaven plans to be mining 15 million metric tons a year by 2015

SABMiller expects its takeover deal to end by the year-end and put it at the head of the Australian beer market with a near 50% share

Flat product steel producer BlueScope Steels says the new shares come at a 34% discount to their last trade of 61 cents

French insurer AXA explores sale of its private equity unit, but says no guarantee that sale process will lead to a transaction

ASX appoints Elmer Funke Kupper, the former head of Australia's gambling company as its CEO and replaces its current CEO Robert Elstone

Sydney-based retail property group Westfield Group will invest $612.5 million in a joint venture to develop retail part of World Trade Center

Commonwealth Bank of Australia chairman David Turner announces appointment of Ian Narev as new CEO, replacing Ralph Norris

Australian infrastructure fund manager CP2 will buy Melbourne-based Connect East Group for A$1.17 bln