Hershey Netherlands, a wholly-owned subsidiary of Hershey, has signed an agreement to acquire 80% stake in Shanghai Golden Monkey Food JSC (SGM) for an undisclosed amount. Financial terms of the transaction were undisclosed. With ...
Tags: Hershey Netherlands, chocolate
Petrobras announces the discovery of an oil accumulation on concession BM-POT-17, the first in deep waters of Potiguar Basin, in its portion located in the state of Rio Grande do Norte. The discovery was made while drilling well ...
Tags: Petrobras, oil accumulation, BM-POT-17
South Korea-based insurance conglomerate Hanwha Life has forayed into Indonesian insurance market with a strategy to gain 1.5% share of the country’s insurance market. The expansion follows the acquisition of 80% stake of PT ...
Tags: insurance, Hanwha Life, Insurance Market
DuPont Pioneer, a unit of US-based chemical firm DuPont, has acquired 80% stake in Pannar, a South African seed firm. Pannar Seed, which has operations throughout Africa and across the world, offers seeds of maize, sunflower, soybeans, ...
Tags: DuPont Pioneer, chemical firm
Qatar will use a mix feed of ethane and natural gas liquids as feedstock for two upcoming petrochemical projects, a company source said Monday. The first project involves Qatar Petroleum and Royal Dutch Shell. The two companies signed a ...
AOP Orphan Pharmaceuticals has announced the spin-off of its 80% stake in Activartis, a Vienna-based biotech company, to a group of private investors. Activartis has developed dendritic cell-based technology for individualized tumor ...
Tags: AOP Orphan, Medicine
The Novatek-led Yamal LNG consortium's marketing of LNG from the project and final investment decision are not dependent on whether the Russian government would allow companies other than Gazprom to export gas from the country, ...
Guilin Layn Natural Ingredients Corp. (SZSE: 002166) revealed that it planned to transfer an 80% stake in affiliated Guilin Jinhui Investment (transliterated) to Zhangtai Group, with consideration pending for further confirmation. Zhangtai ...
Tags: Electrical, Electronics
South Korean insurer Hanwha Life has selected eBaoTech LifeSystem as the policy administration system for management of its new business in Indonesia. The selection is based on the partnership between eBaoTech and Hanwha Life, which has ...
Tags: Hanwha Life, Indonesian Business
Russia should maintain Gazprom's monopoly on exports of Russian gas to Europe but allow other companies to export LNG to rapidly growing markets of the Asia-Pacific region, energy minister Alexander Novak said Saturday. As Gazprom has the ...
Tags: LNG exports, Gazprom, gas
Spain-based mid-market private equity firm Mercapital has acquired 80% stake in Group Betapack, a Spanish maker of plastic caps and closures for euro 40m. The company is aiming to consolidate Betapack's position as a supplier of closures ...
Tags: Spain, Mercapital, Group Betapack
Taipei, Dec. 28, 2012 (CENS)--Fubon Financial Holding announced yesterday (Dec. 27) joining hands with its subsidiary Taipei Fubon Bank to obtain 80% stake in First Sino Bank of mainland China and take part in the cash capital increment of ...
Tags: Fubon Financial Holding, Taipei Fubon Bank, investment, footwear
The South Korean unit of French carmaker Renault, Renault Samsung motors is planning to cut its workforce by 15% under a voluntary retirement programme in a bid to reduce expenses. As per the plan, nearly 800 of its 5,500 employees will ...
Tags: Renault Samsung, domestic sales, vehicles, Samsung Group
Jiangling Motors (JMC), which is 30% owned by Ford Motor, has agreed to acquire Taiyuan Changan Heavy Truck Company. As part of the deal, JMC will pay cash for the 80% stake currently held by China Changan Automobile and the remaining 20% ...
Tags: JMC, Taiyuan Changan, Ford