POSCO reportedly is planning to buy a controlling stakes worth US$333 million from STX Pan Ocean Co. However spokeswoman of POSCO denies this information and said it would not considered any bid for STX Pan Ocean. It’s said that ...
Tags: POSCO, steel, steel industry
Brazilian dairy products maker Vigor Alimentos has acquired 50% stake in rival local dairy co-operative Itambe for BRL410m ($208.3m). Itambe procures milk from 31 individual members in the states of Minas Gerais, Goias and Sao Paulo. ...
Brazilian food company Vigor, a subsidiary of JBS, has entered into an agreement to acquire 50% stake in dairy cooperative Itambe for BRL410m ($208.3m). Itambe, which is one of the leading dairy cooperatives in Brazil, sources milk from ...
Tags: food company, Vigor, food
Following a buyout initiated by local management, coordinated by industry veteran Joerg Wieland and supported by a team of European private investors, Albis Optoelectronics AG of Rüschlikon near Zurich, Switzerland (the name by which ...
Tags: Albis Enablence photodetectors, Enablence Technologies, company news
Philips Lumileds Lighting Company is the manufacturer of a wide range of high-power/high-efficiency light-emitting diodes (LEDs). It is a now a fully owned division of Philips Lighting. History LumiLeds Lighting B.V. was formed in ...
Singapore agribusiness giant Wilmar International has formed a joint venture with peer Noble Group to produce palm oil and its by-products in Indonesia. The companies said Wilmar's subsidiary Newbloom will hold a 53.74% equity stake in ...
Tags: palm oil, agribusiness giant, oils
US investment banking and securities firm Goldman Sachs Group has disposed of its 75% stake in the Bermuda-based insurance and reinsurance company Ariel Re, for an undisclosed sum. Sources familiar with the matter were quoted by the ...
Tags: investment banking, stake, insurance
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has announced that India-based Jindal Steel & Power Limited (JSPL) has increased its shareholding in the company from 19.46 percent to 26.75 percent as ...
Tags: Coking Coal, Jindal Steel, SteelOrbis
Nichia Corporation is a Japanese chemical engineering and manufacturing company, headquartered in Tokushima, Japan with global subsidiaries, that specializes in the manufacturing and distribution of phosphors, including light-emitting ...
Kemira Oyj and Rockwood Holdings Inc. have signed an agreement, according to which Rockwood buys Kemira's share (39%) of the titanium dioxide joint venture Sachtleben GmbH. The transaction price of the deal is €97.5 million and will ...
Tags: Kemira, Its Stake, Sachtleben GmbH
The benchmark S&P/ASX 200 has closed down 2.3 per cent at 4980.1, its biggest fall in nine months. More than $36 billion was wiped from the value of Australian shares in the market's largest one-day decline since May 18, pulling back from ...
Tags: Stocks, benchmark, Australian shares
Qantas CEO Alan Joyce. Photo courtesy of the ABC. The Qantas Group has announced statutory profit after tax of $111 million and underlying profit before tax of $223 million for the six months ended 31 December 2012. This includes $125 ...
Tags: Qantas, statutory profit, underlying profit, company news
The so-called "Internet of everything," the rapidly approaching world where objects from refrigerators to factory robots can talk to people and other machines, will create a massive business opportunity worth $14.4 trillion over the next ...
Tags: Cisco, Internet, smart energy grid
UK firm Dairy Crest has announced it is reorganising its business to focus on "consumer-driven growth" and to build an "integrated" supply chain. The move reflects the increasingly "more focused" and "less complex" nature of Dairy Crest's ...
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has recommended its shareholders reject the takeover offer by India-based Jindal Steel & Power Limited (JSPL). JSPL is offering to pay A$0.20 per each ...
Tags: Coking Coal, JSPL, Jindal Steel