US-based drinks can maker Ball and Rexam have agreed to sell $3.42bn of assets to Luxembourg-based packaging maker Ardagh in order to gain regulatory approval for the proposed £4.43bn merger. The merger, which is due to be completed ...
Tags: drinks can, Ball and Rexam
Japanese drinks company Asahi Group has agreed to acquire SABMiller’s Peroni, Grolsch, Meantime brands for $2.9bn, clearing another hurdle for the Anheuser-Busch InBev and SABMiller’s $108bn merger. The acquisition is ...
Tags: Asahi Group, Acquisition, SABMiller, Merger
Siemens and Valeo have signed an agreement to establish a joint venture (JV) to develop powertrains for electric cars. The JV will have headquarters in Erlangen, Germany, and facilities in France, Norway, Poland, Hungary and China. ...
Tags: Siemens, Valeo, JV, Joint venture, Powertrains, Electric cars
Finnish meat processor Atria has gained the approval of Swedish Competition and Consumer Authority to complete the €18m acquisition of poultry firm Lagerberg. The competition authorities have approved the transaction without any ...
Tags: Atria, Lagerberg, Acquisition, Consumer Authority, Competition Authorities
More funds will be mobilized to protect endangered heritage that is currently outside government domain, according to a top official of the Culture Ministry. The move comes in the wake of related national guidelines released by the State ...
Tags: Private Hands, Funds
Chinese Premier Li Keqiang has urged solid efforts from the country's financial and taxation authorities to deliver the value-added tax (VAT) reform as part of efforts to invigorate the real economy during a visit to the State ...
Tags: Tax Reform, VAT
Siegwerk Druckfarben, one of the international suppliers of printing inks for packaging applications, labels, and catalogs, has signed a contract to purchase the printing ink manufacturer ACTEGA Colorchemie and its subsidiaries. The ...
Tags: Siegwerk, ACTEGA, Altana Group
Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
Italy is all set become the second European country after France to pass a law to reduce food waste by encouraging supermarkets to donate unsold food to charities. Food waste which costs the Italian economy €12bn (£9.4bn) ...
Tags: Food waste, Law, Donation, Unsold food
Kiefel, the German manufacturer of thermoforming machines and a unit of Brückner Group, has announced to acquire 100% stake in Mould & Matic Solutions, an Austrian supplier of tools and of automation solutions to the packaging ...
Tags: Kiefel, Mould&Matic, Haidlmair Group
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
South Africa has renewed imports of US chicken, beef and pork products, bringing an end to a 15-year trade dispute with the country. The South African government concluded months of discussions over 'the three meats' with the US, under ...
Tags: South Africa, AGOA, US Poultry Imports
The European Commission has approved Switzerland-based meat processor Bell Food Group‘s acquisition of Austrian poultry producer Huber Group. The financial terms of the deal have not been disclosed. The acquisition was announced on 16 ...
Tags: European Commission, Bell Food Group, Huber Group, Acquisition
One of Google’s self-driving car has recently crashed into an oncoming municipal bus in Mountain View, California. The incident actually took place on 14th of February and said to be the first accident involving its self driving ...
Tags: The first accident involving Google's self-driving car
China's largest new energy car maker BYD has reported surging profit growth in 2015, with demand rising as authorities introduced policy support for green vehicles. BYD raked in 80 billion yuan (12.24 billion U.S. dollars) in revenue last ...
Tags: New Energy Car, EV