PTI cited Mr Partha Chatterjee, the state Industry Minister as saying that the West Bengal government would appoint an advisor in 10 days for sale of its shares in Haldia Petrochemicals Ltd. Mr Chatterjee said that after the meeting of ...
Tags: Haldia Petrochemicals, petroline, oil, company news
Ahead of the first tranche of 9.59% disinvestment of government ownership of 99.59% of Hindustan Copper Limited, India’s only vertically integrated producer of the red metal, the company’s share traded in small lots at up to INR ...
Tags: India, red metal, copper, metal industry, copper price
PTI reported that the government is likely to sell its 10% equity this week in iron ore miner NMDC, which could fetch the exchequer nearly INR 6,300 crore at the current market price. A senior government official said that "The stake sale ...
Tags: iron ore miner, market price, largest domestic iron ore miner
Danone and Fonterra are planning to acquire a controlling stake in India-based Tirumala Milk Products, a leading supplier of liquid milk in the country. The company's private equity investor Carlyle Group, and the promoters have started a ...
Tags: Danone, Fonterra, Tirumala Milk Products, liquid milk
BS reported that investors in the Hindustan Copper auction issue are already staring at a loss. The price fell below the government set auction floor price of INR 155 on 27th 2012. The issue had been subscribed largely by public sector ...
Tags: Hindustan Copper, LIC, INR 153
Indian tyre manufacturer Apollo Tyres is considering to acquire major stake worth abotu $600-800m in the US-based tyre maker Cooper Tire & Rubber Company. The acquisition is expected to provide Apollo Tyres access the US replacement tyre ...
Tags: Apollo Tyres, Cooper Tire&Rubber Company, passenger car
Japan's Oji Holdings is all set to acquire shares of Box Asia Group, a manufacturer of folding box and high grade corrugated carton box based in Thailand, as part of its expansion plans in the East Asian market. The firm has entered into ...
Tags: Packaging, Oji Holdings, folding box, corrugated carton box
The US Department of Treasury is planning to sell $5.8bn worth of its shares in American International Group (AIG), further reducing ownership stake to 61% from 70%. The department has agreed to sell 163.93 million shares at $30.50 per ...
Tags: The US Department of Treasury, American International Group
PTI reported that the government's 4% stakesale in Hindustan Copper was on November 23rd 2012 over subscribed, marking the ambitious INR 30,000 crore disinvestment program that is crucial for meeting the fiscal deficit target. ...
Tags: Copper Stake Sale, copper, steel, stakesale, Indian copper
San Miguel Pure Foods, the food division of Philippine conglomerate San Miguel, has raised about PHP6bn ($146m) with the sale of 2.5 million common shares for PHP240 ($5.82) each. With this move, the company's public ownership has ...
Tags: food, San Miguel Pure Foods, increased, Stock
Sun Life Financial(SLF)has inked a definitive agreement to dispose of its domestic US annuity and certain life insurance businesses for$1.35bn to Delaware Life,a company owned by shareholders of Guggenheim Partners. The transaction ...
Tags: service, Sun Life Financial, transaction
Africa s not big enough for Aliko Dangote, Nigeria s richest man. Dangote is planning to take Dangote Cement, his flagship company, into the rest of the world-starting with Iraq and Myanmar, where plant construction could begin next year. ...
Tags: market view, cement
Larsen & Toubro has signed a share sale and purchase agreement with Toshiba Machine Company Ltd, Japan, to sell its entire stake in L&T Plastics Machinery Ltd (L&TPM). The move is pending final closing conditions. L&T did not disclose the ...
Tags: market view, plastics machinery
OAO Russian Machines, a Moscow-based manufacturer controlled by billionaire Oleg Deripaska, will seek as much as $3 billion by selling a minority stake in overseas markets, said Chairman Siegfried Wolf. The company plans to sell as much as ...
Tags: market view, Machines
Sany Group Co. (SANYIZ), owner of China’s biggest machinery maker, said its sales growth rate may slow by about half to 25 percent as the economy decelerates. Sales may exceed 100 billion yuan ($16 billion) in 2012, up from 80 billion ...