Georgia-Pacific is to buy Temple-Inland Building Products from International Paper in an asset deal.The two companies put pen to paper on 13 December 2012.The purchase price was put at US$750m,but may alter slightly as a result of ...
Tags: asset deal, papper, Georgia-Pacific, liabilities
Nestle has declined to comment on a report claiming it could sell US$1bn of assets in Latin America in order to secure final regulatory approvals for its Pfizer nutrition unit acquisition. Nestle is looking to sell the assets to ...
Tags: Nestle, sale report, nutrition acquisition, nutrition
PPR has entered into an exclusive negotiation with Alpha Private Equity Fund 6 (’APEF 6’) for the sale of 100% of Redcats’ shares in the Cyrillus and Vertbaudet brands, which constitute Redcats’ Children and Family ...
Tags: PPR, Alpha Private Equity Fund, transaction, Apparel
Google has submitted a revised set of proposals to address the concerns of Europe's competition authorities. The move comes after competition commissioner Joaquin Almunia asked Google to clarify some elements of the proposals submitted at ...
Tags: Google, proposals, concerns, Europe competition authorities
Japan-based Itochu Corporation has signed an agreement with the Dole Food Company to acquire its fresh produce and packaged foods business. The transaction will be completed after getting an approval from the competition authorities in ...
Tags: Itochu Corporation, Dole Food Company, fresh produce business
The EU is to tell Google to change the way it gathers information on users to reduce the risk of infringing on their privacy. After a nine-month investigation into Google's business model, which depends on advertisements tailored to users ...
Tags: EU, Google, Privacy Policy, users information
The Netherlands-based packaging manufacturer Plasticum Group has been acquired by private equity firm Lindsay Goldberg for an undisclosed sum. The acquisition that has been fully financed with own equity capital was approved by competition ...
Tags: Plasticum Group, packaging manufacturer, packaging, packaging solutions
Despite the booming profits of TiO2 producers in Europe, they still want to diversify their portfolio into speciality pigments to ensure higher profit margins in the long-term. This switch into specialities is causing concern among ...
Tags: TiO2, Europe, coatings producers
Vion has finalised a deal for an MBO of its UK pork arm, which is among a series of assets in the country the Dutch food group is looking to sell. The company today (13 December) confirmed UK private-equity firm Endless would back a ...
Tags: Vion, deal, MBO, UK pork arm
Brazilian beef firm JBS has entered into an agreement to acquire local poultry processor Agroveneto. The deal, announced today (5 November), valued Agroveneto at BRL$128m (US$62.9m), BRL10m of which is payable in JBS shares, the balance ...
Tags: JBS, poultry firm, debt assumption
In the first quarter of 2012, PPR posted €3.3 billion in revenue from continuing operations, up 7.9% on a comparable basis and 15.4% on a reported basis versus first quarter 2011. This strong start to the year was powered by the ...
Tags: Alexander McQueen, Brioni, CEO PPR, Francois-Henri Pinault
Booker has said Makro's performance in the second quarter was "challenging" as the firm booked an increase in group sales. Sales in the 12 weeks to 14 September 2012 climbed 4.3% and 3.3% in the first 24 weeks of the year. The wholesale ...
Tags: food wholesaler, food industry, tobacco sales, tobacco
Swiss food company Nestlé's $11.85bn deal to acquire Pfizer's infant nutrition business has received approval from the Chinese Ministry of Commerce, a move which brings the company closer to completing the acquisition. ...
Tags: infant nutrition business, anti-trust bodies, baby food market
Google could still face a multi-billion euro fine as European competition authorities debate if the company has gone far enough to ease concerns about abuse of its dominant market position. Microsoft and smaller rivals in the ...
Tags: EC, delay Google, resolve EU antitrust, market position
MMI Holdings is planning to aquire 100% stake in Momentum Short-term Insurance for an undisclosed amount. MMI Holdings and OUTsurance Holdings boards have already approved the transaction, which will be subject to regulatory approvals, ...
Tags: MMI Holdings, short term insurance, insurance, acquisition