The Australian Competition and Consumer Commission will not oppose two separate proposals by consortia to acquire the 50-year lease of the Port of Melbourne, following careful consideration of potential cross-ownership interests and ...
Tags: ACCC, Port of Melbourne
New Zealand-based Synlait Milk and Sydney-headquartered a2 Milk Company (A2MC) have jointly announced a new supply agreement for the production of an infant formula. The new agreement is for a minimum term of five years for the production ...
Tags: Synlait Milk, A2MC, supply agreement
The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
French dairy giant The Bel Group has agreed to engage in exclusive negotiations to acquire a majority stake in fruit snacks and dessert maker MOM Group. Owned by a private equity LBO France, the MOM Group has significant presence in the ...
French dairy giant Danone has entered into an agreement to acquire WhiteWave Foods in an all-cash deal worth $12.5bn. The acquisition is expected to double the size of Danone's business in the US, while helping the company to move towards ...
Tags: WhiteWave Foods, Danone, beverage categories
Australian beef prices are expected to continue remaining strong says a new Rabobank report. According to Rabobank's latest 'Beef Quarterly', Australian cattle prices one again rose to record prices in June 2016. The latest price ...
Tags: beef, beef prices
For fiscal fourth-quarter 2016 (ended 1 May), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $318.8m, down slightly on $320m a year ago but up 3.1% on $309.2m last ...
Tags: Finisar Corp, datacom product
Valmet will supply an extensive board machine rebuild and automation solution for machine and quality control to the ITC Bhadrachalam mill in India. The rebuilt production line (PM1) is planned to produce high-quality lightweight coated ...
Tags: extensive board machine, Valmet
Commercial Vehicle Group announced, that due to pending negotiations with the hourly employees' union representative, it has decided to consolidate its North American seat production into two North American facilities and stop seat ...
Tags: Commercial Vehicle, Aftermarket
German luxury automaker Mercedes-Benz has announced that it will invest €170m for expansion and modernisation of its Kuppenheim press shop. The investment will also create 200 additional jobs at the press shop. Kuppenheim press ...
Tags: Mercedes-Benz, Investment, Kuppenheim press shop, Expansion
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
BOBST Group SA and WIFAG-Polytype Group have entered into exclusive negotiations regarding a potential acquisition of WIFAG-Polytype’s coating technology business, as part of the BOBST strategy to expand its existing product ...
Tags: Bobst Group, WIFAG-Polytype Group, Coating Technology Business
Mercedes-Benz announced that its Breman plant in Germany will be producing the new GLC Coupe which was unveiled at the New York International Auto Show this year. The company said that it will transform 200 temporary jobs into ...
Tags: Mercedes-Benz, GLC Coupe, C-Class Cabriolet
Chinese and U.S. representatives expressed optimism for the future of the China-U.S. Bilateral Investment Treaty (BIT) negotiations during a session at this year's Boao Forum for Asia annual conference. Against the backdrop of a global ...
Tags: China-U.S BIT, global economy
For its fiscal third-quarter 2016 (to end-January), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $309.2m, down 3.7% on $321.1m last quarter but up slightly on $306.8m a ...
Tags: Finisar