Fruit and veg giant Total Produce is to enter North America with the acquisition of a stake in Canadian firm The Oppenheimer Group. Total Produce will buy 65% of Grandview Ventures, which trades as Oppenheimer in two stages. The ...
Tags: Fruit and veg giant Total Produce, Oppenheimer Group, Grandview Ventures
Sprint Nextel has offered US $2.1 billion, or $2.90 a share, for the nearly one-half interest in mobile broadband firm Clearwire that the company doesn’t already own. Sprint, in a filing with the U.S. Securities and Exchange ...
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
Fubon Financial Holding will foray into the banking market in southwestern China, as Xiamen Bank, under the auspices of the financial holding, will buy into a municipal commercial bank in the southwestern region, said Daniel Tsai, chairman ...
Taipei, Dec. 14, 2012 (CENS)--Formosa Plastics U.S.A. will invest US$1.7 billion (NT$49.38 billion) to expand its capacities and switch to shale gas as the raw material for its naphtha crackers, which will enable it to cut production cost ...
Tags: raw material, naphtha crackers, Formosa Plastics, oil shale resources
Singapore Airlines is to sell its 49% stake in Virgin Atlantic Ltd to Delta Air Lines. Under the agreement, Delta will pay US$360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group. The ...
Tags: Singapore Airlines, sell stake, airline group, transportation
Sir Philip Green is pleased to announce that together with LAB Concept, the new contemporary retail subsidiary of Lane Crawford, they have obtained the first site for TOPSHOP in Hong Kong. The highly anticipated Hong Kong store ...
Tags: LAB Concept, subsidiary, Lane Crawford, Hong Kong, cmpany news
French cement maker Lafarge is looking to sell its controlling stake in its South Korean subsidiary Lafarge Halla Cement Co, according to South Korean online media Edaily. The French company, which controls about 90% of its Seoul-based ...
Tags: Lafarge, controlling stake, cement market, company news
Business Spectator reported that Fortescue Metals Group Ltd has upgraded the size of the resource deposit at its Iron Bridge project in Western Australia's Pilbara. In a statement to the Australian Securities Exchange, Fortescue said the ...
Tags: FMG, Business Spectator, resource deposit, Iron Bridge project
The Dai-ichi Life Insurance and Janus Capital have inked a deal, pursuant to which the Japanese insurer will acquire 15-20% stake in Janus, in an open market purchases and potentially through the exercise of conditional options issued to ...
A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper
China's ten largest solar photovoltaic enterprises have accumulated upwards of 111 billion yuan($17.5 billion)in debt,recent data from U.S.financial services company Maxim Group shows. China's solar industry is mired in a crisis,facing ...
Tags: China's ten largest solar photovoltaic enterprises, debt
Danone is to cut EUR200m (US$261m) in costs from its European operations in a bid to "win back its competitive edge" in the region after falling sales. The French food giant said it would "adapt" its management structure in Europe and ...
Tags: Danone, costs, European operations
US-based River Associates has acquired a controlling stake in folding carton manufacturer Rose City Printing & Packaging, through a recapitalization. Rose City Printing & Packaging president Steve Lobis said the strong financial backup ...
Tags: Printing Packaging, Rose City Printing Packaging, Printing, Packaging
An oil field off the Nigerian coast with substantial reserves and potential risks has become the latest foreign prize scooped up as part of China Petrochemical Corp.'s African expansion campaign. The state owned oil gorilla better known ...
Tags: oil field, oil, China Petrochemical Corp, oil industry