The Government of Oman is planning to set up a dairy firm, which will see an investment of around OMR100m ($258.8m). The investment is in line with the government's strategy to achieve self-sufficiency in dairy production, reports ...
Tags: Dairy Firm, investment funds, private investors, Agriculture
Sports MASH Holdings, which is controlled by Mike Ashley, reduced its stake in Sports Direct International Plc by 2.57 percent to 55.14 percent by selling 15.4 million ordinary shares for roughly $168 million on Jan. 20, the British ...
Tags: economic effect, Sporting Goods
Goubuli had announced they finalized a deal with Gloria Jean's Coffees to operate the Australian brand in China. According to the deal reached on Dec. 25, 2014, Tianjin Senyongtai Food and Beverage Co. Ltd., a subsidiary wholly-owned by the ...
Indonesian establishment Indofood Sukses Makmur is set to reduce its share in vegetable processing firm China Minzhong Food, a move that would raise $314m. The sale, which is expected to be completed by June, will reduce Indofood's stake ...
Tags: China Minzhong Food, Agriculture
China-based LED packaging service providers Shenzhen Refond Optoelectronics and Shenzhen Jufei Optoelectronics have signed with Japan-based Toyoda Gosei for license use of the latter's white-light LED patents for application to LED ...
Tags: LED packaging, White LED
German wine seller Hawesko's CEO Alexander Margaritoff has resigned and is set to divest his 30% stake in the company to Detlev Meyer. With around 29.5% share in Hawesko, Meyer had offered Hawesko shareholders €40 per share, ...
Tags: wines, champagnes, alcoholic drinks, Agriculture
Nestle, Swiss food giant, is going to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years. Its North East Africa Region CEO said the kind of investments they have made over the last three to four years ...
Tags: Nestle, food giant
For fiscal first-quarter 2015 (to end-November 2014), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $2.9m, down 15% on $3.4m a year ago but up 29% on $2.3m last quarter, due to both design wins in ...
Tags: LED components, LED chip, Electrical
American cereal producer Kellogg has completed the acquisition of a majority stake in Egyptian cake and biscuit maker Bisco Misr, in a previously announced deal worth $125m. Kellogg has agreed to pay £89.86 per share for 85.93% ...
Tags: Egyptian cake, biscuit maker, Agriculture
Brooks Running Company announced it will double down on its commitment to the future of the sport by launching the Brooks Booster Club. This needs-based grant program will provide gear and funds to 25 under resourced high school cross ...
Tags: pay-to-play fees, meet entry fees, transportation costs, Sporting Goods
Emmi, a dairy firm in Switzerland, has acquired 100% stake in Canada-based J.L. Freeman's cheese business for an undisclosed amount. The acquisition is line with Emmi's strategy to strengthen its position in the speciality cheese ...
Tags: dairy firm, cheese, Agriculture
Menasha has completed the acquisition of PearceWellwood, a corrugated and plastic packaging manufacturer and supply chain solutions provider based in Canada on undisclosed terms. PearceWellwood will now operate as part of Menasha ...
Tags: plastic packaging, value system, Agriculture
Epistar and Taiwan Semiconductor Manufacturing Company (TSMC) have both announced that their boards of directors have approved a transaction of TSMC Solid State Lighting (TSMC SSL) shares. Epistar will acquire all shares of TSMC SSL held ...
CHS, an energy, grains, and foods company and the nation's leading farmer-owned cooperative, has purchased a 25% share of West Central, a full-service wholesale distributor headquartered in Willmar, Minnesota. "Investing in West Central ...
Egyptian cake and biscuit maker Bisco Misr's shareholders controlling 86% of shares have agreed to divest their shares to US-based food manufacturing company Kellogg, in a $125m deal. The Reuters reported that bidding for the biscuit ...
Tags: biscuits, wafers, corn flakes, Agriculture