Saudi Arabia-based food producing firm Savola Group has agreed to sell its packaging unit Savola Packaging group to Takween for $242.46m (910m Saudi Riyals). The complete purchase price will be financed through a syndicate of Saudi banks, ...
Tags: plastic containers, barrels, bottles, covers, Agriculture
Private equity investing firm Abraaj Group has decided to withdraw from the bidding process for the acquisition of Egypt's BiscoMisr. The company had offered $12.14 per share to purchase up to 100% of the share capital of Egyptian cake ...
Tags: Egyptian cake, biscuit maker, Agriculture
One of Saudi Arabia’s largest food producing firms Savola Group has entered the final round of negotiations with Takween Advanced Industries for the sale of its packaging unit, Takween. Savola had announced the signing of a ...
Tags: food, retailing, Agriculture
Chinese carmaker BYD has announced that its chairman Wang Chuanfu has bought additional shares, raising his stake in the company to 23.1%. In a statement posted on the Shenzhen and Hong Kong stock exchanges, BYD said: "Wang Chuanfu, a ...
Tags: additional shares, Auto
Gruppo Campari has agreed to divest Limoncetta di Sorrento liqueur business to Lucano 1894. The move is in line with Gruppo Campari's strategy to bolster its focus on its core high-margin spirits business by streamlining non-core ...
Tags: Gruppo Campari, liqueur
Home24, Europe’s largest online furniture shop, has received €15.9m in its latest financing round. The investments by existing as well as new shareholders were effected via a capital increase and purchase of existing treasury ...
The Board of Directors and the Group Management of Sika were informed Friday evening, December 5, 2014, that the French Group Saint-Gobain intends to indirectly acquire all shares held by the Burkard family, Sika's current majority ...
Tags: Saint-Gobain, shareholder, Construction
Steinhoff International said it has acquired a major stake in apparel retailer, Pepkor for R62.8 billion, which gives the budget furniture firm entry in to Africa's fast-growing garment markets. The South African furniture maker purchased ...
Tags: garment markets, furniture maker, Apparel
UK-based distributor of protective packaging materials Macfarlane has acquired the entire issued share capital of Network Packaging for about £7.5m. The company has also conditionally raised £3m by placing 8,000,000 shares at ...
Tags: Macfarlane, Packaging
Russia-based steelmaking and mining giant Evraz has announced the signing an agreement to sell 34 percent of the issued share capital of its South African subsidiary Evraz Highveld Steel and Vanadium (Highveld) to Macrovest 147 Proprietary ...
Tags: Evraz, Metallurgy, Mineral
Ukrainian mining and steel producing group Metinvest has announced that Black Iron Inc. has received the fourth and final installment payment of $5 million from Metinvest as part of the previously announced closing schedule for the ...
Tags: Ukrainian, installment payment, Metallurgy, Mineral
Plastic packaging company Takween Advanced Industries has signed a memorandum of understanding (MoU) with Saudi’s Savola Group to acquire its plastics and packaging business for an undisclosed amount. As part of the deal, Takween ...
Tags: Takween, packaging business, Packaging
PhotonStar LED Group has conditionally raised £2.2 million through the sale of shares. 31,400,000 new ordinary shares of 1p each have been placed – a method of selling new shares in the primary market – at a price of 7p ...
Victoria PLC, the international designers, manufacturers and distributors of innovative floorcoverings, announces, subject to shareholder approval, a proposed special dividend of £2.92 per Existing Ordinary Share ("Special Dividend"). ...
Tags: floorcoverings, Victoria PLC
"We obviously want to establish a clear lead in terms of product performance," said Groupe Michelin General Partner and CEO Jean-Dominique Senard At Groupe Michelin's annual shareholders meeting, shareholders adopted all of the ...