Acquisitions abroad boosted annual sales at Swiss dairy group Emmi in 2012, figures releases today (7 February) showed. The company booked a 9.6% increase in revenue last year to CHF2.98bn. However, on an organic basis, which excludes M&A ...
Tags: dairy group, sales, organic dairy
The government of Algeria has decided to increase its control of local steel producer ArcelorMittal Annaba which was purchased by ArcelorMittal in 2001, according to domestic media reports. The Algerian government will pay $200 million ...
Tags: Algeria, Arcelormittal Annaba, Mineral
Global BOPP and cellulose films producer Innovia Films has signed an agreement with 50/50 joint venture partner Reserve Bank of Australia (RBA) to buy its 50% share in note-printing subsidiary, Securency International for $67m. According ...
Automatic machines manufacturer IMA has signed an investment agreement with Transworld Packaging and its shareholders to acquire a 40% stake in the Ilapak Group, which manufactures primary packaging machines for the food sector. The ...
DELL has unveiled plans to go private in a $US24.4 billion ($23.4bn) deal which would give founder Michael Dell a chance to reshape the former number one PC maker. "I believe this transaction will open an exciting new chapter for Dell, ...
Nestlé India has entered into an agreement to acquire 26% stake in dairy company Indocon Agro and Allied Activities, which is engaged in milk collection business in Western India. According to the company, the deal is expected to ...
Tags: Nestle India, Stake, Dairy Company, Indocon Agro
An Iraqi telecom company raised nearly $1.3 billion Sunday on Baghdad’s small stock exchange in one of the region’s biggest share offers in years — a sign of investor confidence in the fledgling private sector despite ...
Tags: Iraq, Stock Sale, Investor, Confidence
Principal Financial Group (PFG) has completed acquisition of Chile’s AFP Cuprum, following Empresas Penta and Inversiones Banpenta Limitada sold their 63% ownership in Cuprum. Initially, PFG acquired 90.4% ownership stake in Cuprum ...
Tags: PFG, acquisition, AFP Cuprum
New paraxylene capacity of 2.6 million mt/year and benzene capacity of 820,000 mt/year will be built in Saudi Arabia over the next four years by Saudi Aramco, a source close to the state company said Tuesday. These aromatics capacities ...
Tags: Saudi Aramco, Benzene, paraxylene
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's ...
Chinese automotive powerhouse Geely has come to the rescue of the iconic London black taxi by agreeing to purchase Coventry-based cab maker Manganese Bronze, saving it from administration and the threat of closure. Zhejiang Geely Holding ...
Italian car maker Fiat expects to complete the merger of its partner, the Chrysler Group by 2014 in the US. Fiat-Chrysler CEO Sergio Marchionne was quoted by Repubblica newspaper as saying that the company will succeed in doing it. "We ...
US-based food processor and distributor Golden State Foods has acquired a majority stake in Groenz through a joint venture agreement. Groenz is a manufacturer of sauces, dressings, condiments and powders for the quick service restaurant ...
It is reported that the mining giant Vale is going to decrease the investment on the its 50% stake in Brazil's Companhia Siderúrgica do Pecém steel plant, a joint venture between Vale, the largest Brazilian supplier of iron ...
Tags: Vale, mining giant, Brazil
IDG News Service - Former Atari Interactive CEO Frederic Chesnais has decided to take a 25.23% stake in the company in a bid to save it from bankruptcy, Atari announced Tuesday. He will pay principle shareholder BlueBay just 400 euros for ...
Tags: Computer Products, company news