Visa Steel, which went into a corporate debt restructuring program 2 months ago, might try to bring in a strategic investor in its core long steel business. Mr Vishal Agarwal MD of Visa Steel said that "In the special steel business, we ...
Tags: Visa Steel, core long steel, steel business, raw material
Chinese state-owned agribusiness and food processor COFCO has sold its 5% stake in US meat giant Smithfield Foods. Smithfield said on Friday (16 November) it had paid US$148m for COFCO's 4.95% stake. COFCO bought the shares in ...
Tags: Stake, Smithfield Foods, future business
Carrefour has sold its stake in its venture in Indonesia, the latest move to refocus its attention on a smaller number of markets worldwide. The Carrefour banner will still be present in Indonesia but the chain will be run on a franchise ...
Tags: stake, venture, local franchisee, exclusive franchisee
Carrefour is reportedly in talks to combine its venture in Turkey with local rival Migros Ticaret. Bloomberg Friday (28 September) reported Carrefour and Migros were in "early" talks over a possible combination of the two businesses. ...
Tags: venture, stock exchange, local venture
UK food wholesaler Booker is set to buy the local cash-and-carry assets of German retail giant Metro Group. Booker said today (30 May) it had agreed a cash-and-shares deal that values Metro's Makro UK arm at GBP139.7m. As part of the ...
American International Group,Inc.(AIG)has entered into an agreement with an investor group led by the chairman of New China Trust Co,Weng Xianding,to sell up to 90%stake in International Lease Finance Corporation(ILFC). The investor ...
Italian private equity fund Investindustrial has agreed to acquire 37.5%stake in British sportscar manufacturer Aston Martin. Investindustrial senior principal Andrea Bonomi said,"We are looking forward to working with the management and ...
Tags: private equity fund, Investindustrial, acquire, sportscar
French retail giant Casino has booked a 35% jump in third-quarter sales, boosted by a strong international showing and a contribution from acquisitions. In a sales update released yesterday (15 October), Casino said group sales increased ...
Casino has agreed to purchase joint-venture partner Galeries Lafayette's 50% stake in supermarket chain Monoprix, putting an end to a long-running dispute. The French retail giant has agreed to pay EUR1.18bn (US$1.47bn) for the half of ...
Tags: Galeries Lafayette, Stake, Monoprix
Ahold today (4 September) admitted it is weighing up the options for its stake in ICA, the Sweden-based retailer. The Dutch retail giant owns 60% of ICA, which has stores in Sweden, Norway and the Baltic states. Ahold said it wanted to ...
Tags: Ahold, food retailer, food, food industry
New technologies and novel green ingredients are the focal themes of the European edition of the Sustainable Cosmetics Summit (21-23rd November, 2012) The impact of new technologies on the sustainable development of the cosmetics ...
Tags: 2012 Sustainable Cosmetics Summit, beauty, beauty industry, Bulldog
General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
Saudi food group Almarai had booked an increase in second-quarter profits on the back of a jump in sales, which were up more than one-quarter. Almarai said net profit rose by 8.7% in the three months to 30 June, while operating profit ...
Tags: Sales Jump, stake, bakery and poultry
PPR group is increasing its portfolio of luxury brands in the jewellery segment and its presence on the Chinese market by acquiring a majority stake in the Chinese fine jewellery brand Qeelin.The transaction should be finalized in January ...
Tags: PPR group, jewellery segment, luxury brands, Qeelin
Dutch food group Wessanen has taken full control of frozen food maker Favory Convenience Food. It has bought the 35.9% stake it did not already hold from Rabo Capital for EUR5m (US$6m). Wessanen is looking to maximise the value of its ...
Tags: Wessanen, frozen food, Favory Convenience Food, takeover