HIG Capital has completed takeover of Arctic Glacier Fund, encompassing all its subsidiaries to create an ice packaging firm. Arctic Glacier produces, distributes and markets packaged ice, running 39 production plants and 49 distribution ...
Investors are betting on a battle for Inmet Mining Corporation to control the coveted Cobre Panama project in Central America. Inmet shares have catapulted 23% in the two tradings sessions since the company disclosed it received and ...
Tags: Inmet Mining, new copper, Panama Canal
Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
The Principal Financial Group has signed a strategic agreement to acquire First Dental Health, pursuant to which the latter will become a member of the former. The US diversified conglomerate said that the acquisition of First Dental ...
Tags: Principal Financial Group, First Dental Health, dental health
The Competition Commission of India (CCI) has approved Japanese underwriter Nippon Life's bid to acquire 26% stake in Reliance Capital's mutual fund arm RCAML. The INR14500m ($265m) worth deal is believed to be the largest Foreign Direct ...
Tags: CCI, Nippon Life, R-Cap
Insurance firm Amlin has returned to profit after a major loss suffered in 2011 due natural disasters, such as Japanese tsunami, New Zealand earthquake and flooding in Thailand that affected the company to large extent. The company saw ...
Tags: Amlin, natural disasters, pre-tax profits soar, insurer
US underwriter American Safety Insurance Holdings is gearing up to acquire Cayman-based insurer Bluestone Surety for an undisclosed sum. The insurer wholly-owned subsidiary, American Safety Holdings has inked stock purchase agreement to ...
Tags: underwriter, American Safety Insurance Holdings, Bluestone Surety
Indorama Ventures (IVL) has completed the previously announced acquisition of the polyethylene terephthalate (PET) assets of PT Polypet Karyapersada in Indonesia. The deal was first announced in March 2012. According to IVL, the deal ...
Switzerland based insurer ACE and its local partner have inked a deal to acquire PT Asuransi Jaya Proteksi in Indonesia for nearly $130m in cash. Commenting on the Indonesian acquisition, ACE vice chairman and chief operating officer John ...
Tags: insurer, ACE, PT Asuransi Jaya Proteksi, life insurance
AFP reported that Libya's sovereign wealth fund denied it wants to invest in the troubled Petroplus oil refinery in northwestern France. The Libyan Investment Authority denies reports on certain media and circulating on the Internet that ...
Tags: Petroplus oil refinery, oil refinery, Arnaud Montebourg, Petit Couronne
The U.S.House of Representatives unanimously passed a resolution urging the U.S.government not to give the United Nations'International Telecommunication Union(ITU)control over the Internet. The resolution was adopted by the House on ...
Tags: Internet, ITU, resolution, global Internet free from government control
The new positioning comes a year after Sealed Air's £4.3bn acquisition of hygiene giant Diversey in October 2011 and aims to bring the benefits of both sides of the business into a single coherent approach to food and drink packaging. ...
Tags: Sealed Air, acquisition, hygiene giant, food and drink packaging
The North American meat-focused division of Sara Lee will attract acquisition bids when the company spins off its Europe-based coffee-and-tea division in the future. The new company, which is to be named Hillshire Brands, is expected to ...
Tags: meat-focused division, acquisition bids, coffee-and-tea division
Netherlands-based finished and semi-finished goods manufacturer VDL has signed a deal to take over Mitsubishi's western European plant, NedCar, and start production of MINI vehicles. VDL said the takeover will enable the company to ...
Tags: VDL, MINI, Mitsubishi
French poultry firm Doux,which entered into administration in June 2012 putting the livelihood of over 3,400 workers and 800 farmers at risk,has received 11 takeover bids. Bidders included co-operative Terrena,agribusiness firm La ...