French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Tokyo-based Toray Industries Inc. — a global conglomerate that operates businesses in numerous markets including Fibers & Textiles, Fashion & Apparel, Carbon Fibers & Composite Materials, Plastics, Chemicals and Films, among several ...
Tags: Textile
To enhance the supply of mineral resources, China has accelerated overseas mining investment, but many operations are still facing a gloomy future, an industry expert said. China has only 13 overseas mines in operation with a total annual ...
Tags: Overseas Mining, Mineral
China's overseas mining investment projects are facing obstacles, while domestic output is steadily increasing to meet the country's demand, experts said on Wednesday. "To further secure mineral resources, China has accelerated overseas ...
At its meeting, the Supervisory Board of Evonik Industries AG unanimously passed resolutions relating to the successful focusing of the Group on specialty chemicals and its future growth targets. Over the past five years Evonik has been ...
Tags: Evonik, Restructuring Operations
The knit division of India’s leading textile conglomerate – Arvind Ltd is participating at Premiere Vision. Arvind will showcase autumn/winter 2014-15 knits range at Premiere Vision, with the main intention being to ...
Tags: Arvind, Showcase Knits
Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
Philippine conglomerate San Miguel is looking at options to sell about 25% stake in its food business, San Miguel Pure Foods until 2014, in an effort to raise funds for expansion of the group’s operations. San Miguel president Ramon ...
Tags: Food Unit, San Miguel
Indian automaker Tata Motors has formed a partnership with Malaysian automotive conglomerate DRB-HICOM Berhad for the import, distribution and assembly of its commercial vehicles in Malaysia. As part of this deal, Tata has entered into a ...
Tags: Tata Motors
China XD Electric Co., Ltd. announced on Friday a strategic alliance with the General Electric Company to tap China's vast electrical infrastructure market. The Shanghai-listed company in May of this year transferred a 15 percent stake ...
Tags: Electrical, Electronics, electrical infrastructure market
Poor cement sales in Portugal and Angola have reduced Semapa s net profit by 52.3% year-on-year to Euro39.3m for the first six months of 2013 from Euro82.3m in the same period in 2012. Sales in Portugal fell by 15.2% to Euro82.2m for the ...
Tags: Construction, cement
Cessna Aircraft Company is an American aviation manufacturing company located in Wichita, Kansas that specializes in small aircraft and business jets. It operates as a subsidiary of Textron along with Bell Helicopter, Greenlee, E-Z-GO, ...
Tags: Aircraft, Transportation
Valley Pride, a dairy cooperative based in Virginia, US, is set to acquire an ice cream plant in Hagerstown, Maryland, for an undisclosed amount. The Hagerstown facility was owned by British-Dutch conglomerate Unilever. It produced Good ...
Tags: Ice Cream Plant, Food
Viribright Lighting (VBL) is a subsidiary of Matrix Lighting Ltd. and of Matrix Holdings Ltd. a Hong Kong listed company. Matrix Holdings subsidiaries comprises a large toy conglomerate headquartered in Hong Kong, with facilities and branch ...
Tags: LED Light Bulb, Virbright Lighting
Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners