Global alternative asset manager The Carlyle Group announced the acquisition of a significant minority stake in Penti, a hosiery manufacturer and retailer of women's hosiery, lingerie and swimwear in Turkey. Equity for this investment ...
Tags: Carlyle Group, retailer, manufacturer
The German company ATR, which is part of the Siempelkamp group, has acquired a minority stake in measuring electronics manufacturer, Electronic Wood Systems (EWS). The shareholding, the exact extent of which has not been disclosed, came ...
Tower Group has accomplished its $75m investment in Canopius Group and subsequently acquired 10.7% of the ordinary share capital in the firm. Canopius, a privately owned Lloyd's of London insurance holding company offers insurance and ...
Tags: Tower Group, investment, Canopius Group, share capital, insurance
Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
IDG News Service-Oracle has taken a minority stake in Engine Yard,maker of a PaaS(platform as a service)for Ruby,PHP and Node.js applications,the company announced Tuesday.Financial terms were not disclosed. Oracle and Engine Yard"are ...
Tags: Oracle, PaaS, Engine Yard, Oracle Cloud PaaS
The Algerian government is negotiating with Egypt s ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm s main stakeholder told the stock exchange on Wednesday. Algeria aims to acquire 49 per cent of ASEC ...
Tags: market view, cement
Egypt s ASEC Cement is in talks with the Algerian government to sell a minority stake in its Algeria-based operations, Ahram has reported. Algeria aims to acquire 49% of ASEC Cement Algeria by increasing the company s paid up capital, which ...
Tags: market view, cement
Following Intel and contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC), Samsung Electronics will invest US$976 million in Dutch chip manufacturing equipment maker ASML to further development of next-generation lithography ...
Tags: Chip Equipment, Samsung, ASML, lithography technology
Kraft Foods has agreed to sell a majority stake in its Back to Nature brand of natural-food products to US private equity firm Brynwood Partners for an undisclosed amount. Following the deal,Kraft will hold a minority stake between 25%and ...
Tags: stake, natural-food products, joint venture, annual sales
Thanks to a solid order backlog and positive currency translation effects,revenue was up ten percent compared to the third quarter of fiscal 2011.On the other hand,new orders were down 23 percent due to a substantially lower volume from ...
Siemens has ditched plans to float its lighting subsidiary Osram on the stock market, opting instead to spin the business off to existing shareholders. The German industrial giant announced in March last year its plan for an initial ...
Siemens CEO Peter Löscher Siemens has abandoned its plans to float Osram on the stock market in the wake of disappointing financial results and continued economic turmoil. The German conglomerate will instead make Osram independent ...
Tags: IPO, Siemens, Peter Löscher
OAO Russian Machines, a Moscow-based manufacturer controlled by billionaire Oleg Deripaska, will seek as much as $3 billion by selling a minority stake in overseas markets, said Chairman Siegfried Wolf. The company plans to sell as much as ...
Tags: market view, Machines
Siemens AG has delayed the initial public offering(IPO)of its Osram lighting unit following the slump in global stock markets. A statement on the German company's website said it was'firmly holding'to its plans to list the lighting ...
Tags: Siemens, Osram IPO, German, stock markets