Solarworld AG, Germany’s biggest maker of solar panels, rose the most in four months after newspapers reported that Qatar Solar Technologies will help finance a restructuring by acquiring a 30 percent stake.
Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.
Obayashi Corp., Japan’s biggest builder by market value, and Hamad Bin Khalid Contracting won a a 2.5 billion riyal ($687 million) contract to redevelop properties in the center of Qatar’s capital, Doha.
Vodafone Qatar, a venture between Vodafone Group Plc and the state-owned Qatar Foundation, plans to obtain a $100 million loan in the next 45 days to establish a fixed-line phone network in the Persian Gulf emirate, said John Tombleson , the company’s acting chief executive officer.
Punj Lloyd Ltd. gained as much as 2.1 percent in Mumbai after Qatar Solar Technologies, a unit of the Qatar Foundation, awarded an engineering, procurement and construction contract to Punj Lloyd Group. The shares rose 1.6 percent to 53.25 rupees at 9:16 a.m. local time.