Ram Investment Group agrees 3D technology joint venture

FRANKFURT — Daimler secured a stake in its partner BAIC Motor ahead of a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world. Daimler will pay 640 million euros (US$869 million) for a 12% stake in BAIC Motor and get two seats on the board in a deal that signals the German company’s intention to reverse its flagging fortunes in China.

After spending 20 years in the City advising smaller companies on doing deals and raising finance, Tim Baldwin took the plunge and set about building his own business.

RAM Vision is a subsidiary of Ram Investment Group (LON:RAM) , the company that continues to bear the name of its history rather than the 100% media play it became recently as a result of a reverse takeover. I’m sure this misnomer will be put straight soon.I was privileged to attend a RAM Vision Showcase event in London on 9 Dec 10 and I can report that it painted a very encouraging picture for growth of the RAM Vision estate over the coming year.

Mining group Polo Resources (LON:POL) has signed a joint venture agreement with Toronto-listed Axmin Inc over a gold exploration project in Sierra Leone. The deal will see Polo acquire a 51% interest in a new company which will own Axmin’s Nimini East and West and Matotoka exploration licences, for a cash fee of US$7.5 million. Axmin will retain a 49% interest in the new company. Completion of the transaction is expected to take around 60 days.

Fitbug (LON:FITB) , the AIM quoted personal health and well-being business, has signed a partnership agreement with the rewards subsidiary of South Africa’s largest private medical insurer.