Done Deals

• Qatar National Bank has acquired a 24 per cent stake in Commerical Bank International for $302 million (£164.4 million), the latest sign that regional banks will consolidate to compete in a Gulf economic boom

• Russian mining company JSC Polymetal has acquired Urais Exploration Company from Russian Copper Company for $6.25 million (£3.4 million)

• Japan Leisure Hotels has completed the acquisition of the Yokkaichi Hotel for £1.9 million

• Schaeffler, has bought 8.06 per cent of shares in automotive supplier Continental. Continental earlier this month came to an agreement with Schaeffler, which will buy a minority stake in the company for 75 (£60) per share.

• Osum Oil Sands, a bitumen extraction company, has secured £143 million from Warburg Pincus and included a substantial investment by Blackstone Capital Partners

In the pipeline

• Highway Insurance Group has confirmed that it is set to be acquired by fellow insurer Liverpool Victoria for £150 million

• AIM-listed IT training group Xpertise has accepted a raised offer from rival QA-IQ valuing the firm at £9.6 million

• Turk Telecom plans to acquire up to 78 per cent of Kyrgyzstan fixed-line phone monopoly Kyrgyz Telecom. The stake will be worth at least $45 million (£24.5 million)

• HSBC has confirmed that it will raise its stake in Vietnam bank Techcombank to 20 per cent from 14.1 per cent in a deal worth $77.1 million (£42 million)

• UK-based engineering company Bodycote has agreed to sell its testing business to private equity firm Clayton, Dubilier and Rice for £417 million

• The two largest power utilities in the Netherlands are looking for foreign partners and have caught the attention of a number of potential suitors in a consolidating European market. Germany’s E.ON, Denmark’s DONG and UK-based Centrica are the major companies that have been linked to the Dutch firm