Australian mining heiress Gina Rinehart is planning to invest $500m in a new infant milk powder venture Hope Dairies. According to media reports, Rinehart is expected to sign a memorandum of understanding with Queensland Government and ...
Quiksilver Inc. reached a definitive agreement to sell its majority stake in online retailer Surfdome to Surfstitch of Australia for net proceeds of approximately (US)$16 million for its equity interest, loans and other amounts due from ...
Tags: Quiksilver, Surfdome, Sporting Goods
Chinese conglomerate Evergrande has introduced a new brand of imported infant formula milk powder to cater to the increasing demand for infant formula products in the country. The move comes after the company acquired majority stake in ...
Tags: Evergrande, a new brand, Food
Algerian food processor Cevital has filed a binding bid to acquire Lucchini's steelmaking plant in Piombino in Italy's Tuscany region, as announced by Lucchini on October 20. Lucchini added that special commissioner for Lucchini, Piero ...
Tags: food processor, Algerian Group
Sajjan Jindal, the millionaire owner of Indian steel producer JSW Steel, has stated that he has offered less than $100 million to buy the steel complex of Italian steelmaker Lucchini in Piombino, Tuscany, Italy, while not wanting to take on ...
Arla Foods is making a non-binding bid for a majority stake in Arab Dairy Products Company, a listed company based in Cairo, Egypt. The bid of 65 Egyptian pounds per share is dependent on a satisfactory due diligence of the dairy company ...
Tags: Arla Foods, Non-Binding Bid, Food
Breakfast cereal producer Kellogg plans to acquire a majority stake in Egyptian confectionery-maker Bisco Misr for an undisclosed amount. The company is eyeing around 51% stake in Bisco Misr, following a due diligence. Bisco Misr, ...
Tags: Kellogg, Bisco Misr, Breakfast cereal
US-based private-equity firm Oak Hill Capital Partners will acquire Berlin Packaging, a supplier of plastic, glass and metal containers for an amount close to $1.43bn, including debt. Oak Hill will pay a price for Berlin Packaging that is ...
Aditya Birla Nuvo managed - Pantaloons Fashion & Retail Ltd will invest Rs 150 crore to add 18-20 more new stores in this fiscal year. At present, Pantaloons operates and manages 83 large format stores across India. Pantaloons will also ...
Tags: Pantaloons, Apparel, Accessories
ROK Drinks, a unit of the UK-based ROK Stars, has selected Singapore-based Wunderbar as its new distributor. An exclusive distribution agreement to this effect has been signed between ROK Drinks and Wunderbar. As per the agreed ...
Tags: ROK Drinks, Wunderbar, Agriculture
Pernod Ricard USA, a subsidiary of French wines and spirits firm Pernod Ricard, has increased its significant majority stake in Avión Spirits, with the purchase of additional stake from its joint-venture partner Tequila Avión. ...
Tags: Pernod Ricard, majority stake, Agriculture
Aujan Coca-Cola Beverages Company (ACCBC), which operates in the MENA region, has completed the previously announced acquisition of a majority stake in Lebanese distributor of Coca-Cola and Pampa products National Beverage Company (NBC). ...
Investcorp Bank, a Bahrain-based investment firm, is considering $1.3bn sale of US packaging distribution company Berlin Packaging, sources known with the matter said. Investments banks Barclays and Deutsche Bank have been selected by the ...
Tags: Berlin Packaging, Packaging
ROK Drinks, a unit of UK-based ROK Stars, has selected US-based beer importer C2 Imports as its new distributor. A multi-year exclusive agreement to this effect has been signed by ROK Drinks and C2 Imports. As per the agreed terms, ...
Tags: Beer Distributor, C2 Imports
Japanese automotive products manufacturer Denso has purchased 72.1% stake in the US-based vehicle diagnostic and telematics solutions provider EASE Simulation. The transaction is expected to help DENSO expand research and development of ...
Tags: Auto Parts, Car parts