General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
China is the world's largest silk producer. In 2005, it accounted for 74 percent of the global raw silk production and 90 percent of the world export market. Local governments have and are continuing to introduce new facilities that are ...
Tags: Silk, Silk Industry, silk producer
GSC Packaging, a US-based provider of turnkey contract packaging solutions, has transferred its operations to a new facility in order to boost its production capacity. GSC Packaging has shifted from its previous location at 3715 Atlanta ...
Tags: GSC Packaging, Manufacturing Facility, Food
British insurer Legal & General Group has entered into an agreement to purchase 75% share capital of Cofunds Holdings, in a deal valued at approximately 131m in cash. The acquisition, which will be financed form the existing cash ...
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Campbell Soup Co has signed a deal with Grupo Jumex and Conservas La Costeña that will expand its manufacturing and distribution capabilities in Mexico but result in the loss of 260 jobs. The deal, announced today (15 February), ...
Tags: Campbell Soup, Mexico, jobs
Better management of input costs and higher sales in emerging markets have helped global snacks giant Mondelez International report higher underlying profits in 2012. The Cadbury owner booked a 4% increase in operating income to US$3.64bn ...
Tags: Cost Control, Developing Markets, Mondelez
US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
US-based food company Campbell Soup has entered into agreement with Grupo Jumex and Conservas La Costea to expand its manufacturing and distribution capabilities in Mexico for its beverages, soups, broths and sauces. Grupo Jumex, a ...
Tags: food company, Campbell Soup, distribution capabilities
Recently, Baosteel Stainless Steel holds "your satisfaction, my pursuit" 2012 user forum and puts forward that it will make effort to build ultra pure ferritic stainless steel and duplex stainless steel products into Baosteel new engine ...
Tags: Baosteel, 2012, stainless steel
Life and health insurance marketing group AmeriLife has purchased Arizona-based marketing organization Unkefer&Associates,which offers products for annuity and life insurance sales agents. The acquisition,which is the second similar ...
To further strengthen stainless steel processing and distribution industry chain cooperation and mutual winning,recently,Baosteel Stainless Steel and Jiangsu Daming Metal Products Co.,Ltd.formally sign strategic cooperation agreement(see ...
Tags: Baosteel, strategic cooperation agreement, Jiangsu Daming
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
Massachusetts Mutual Life Insurance (MassMutual) has completed acquisition of The Hartford’s retirement plans business, for an undisclosed amount. The transaction will allow the acquirer to complement its retirement business, boost ...
Tags: MassMutual, acquisition, Hartford, retirement plans business