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Wealthy families with an appetite for risk have a new service at their disposal that is designed to bring capital-starved entrepreneurs and their companies from around the world together with potential investors.

Family-owned Al-Futtaim Group, the Dubai-based automotive, retail, electronics and financial services conglomerate, is to acquire a majority shareholding in Associated Motorways (AMW), one of the “crown jewels” of Sri Lanka's corporate sector.

San Diego’s family-owned Copley Press Inc is considering selling off some of its print assets as newspaper profits across the US continue to dwindle.

The bitter battle between two leading Indian family heirs continues. Mukesh Ambani’s Reliance Industries has started arbitration proceedings against Reliance Communications, the part of the family empire controlled by younger brother Anil.

Car part manufacturer Continental has rejected family firm Schaeffler’s unexpected €12.2 billion bid, saying the offer is too low and the tyres-to-brakes company would gain nothing from a merger.

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