Private equity firm Actis has acquired a significant minority stake in Chinese biscuit brand Jiashili Food Group. Jiashili produces plain biscuits and crackers, and holds a major share of the plain biscuit market in China. Actis is ...
Tags: biscuits, Agriculture, Food
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday. Sales in Q1 ...
Tags: Oil Products, Petrochemicals
The Finish Line, Inc. and GCPI SR LLC (Gart Capital Partners/GCP) have agreed to Finish Line increasing its ownership in the Denver-based Running Specialty Group (RSG), which has been rolling up independently owned shops across the country. ...
Tags: Sporting Goods, Recreation
South Korea is working on a mid-term plan to explore oil and gas reserves off the country's coast as part of efforts to help reduce its heavy reliance on foreign crude imports, an energy ministry official said. "The government plans to ...
Tags: Oil, LNG, foreign crude imports
Indian steelmaker JSW Steel has announced that it has acquired a further equity stake in Punjab-based Vallabh Tinplate Pvt Ltd (VTPL), raising its stake to 50 percent. As SteelOrbis previously reported, in early April JSW Steel completed ...
Tags: Metallurgy, Mineral, Energy, Tinplate
Panasonic has firmed up plans for assigning headquarters functions to Southeast Asia as early as this summer for consumer electronics operations there. Planning and development of products will be localized, shifting decision-making ...
Tags: Panasonic, Electronics
Australian exploration and production company Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, up 1% year on year, the company said Thursday. Santos attributed the rise to increased oil output following ...
Tags: Gas production, LNG, Crude oil
New Zealand-based Turners & Growers has agreed to take over Apollo Apples, a Hawkes Bay-based apples grower and exporter with an initial payment of NZ$36.05m. Apollo, which exports about 1.4m cartons of apples every year, owns or leases ...
Tags: Turners&Growers, Apollo Apples
UAE-based private investor Abraaj Group has bought a stake in Moroccan confectionery manufacturer Kool Food for an undisclosed sum. Established in 2010, Kool Food specializes in chocolate confections, powder drinks as well as other ...
Tags: Abraaj Group, Kool Food
Astomos Energy, Japan's top LPG supplier, said Wednesday it has concluded additional contracts with US' Enterprise Product Partners, including a deal to buy 500,000 mt/year of US LPG over 2019-21. Astomos will also increase its US LPG ...
Simpsonville-based Kemet Corp. said today a subsidiary will sell its machinery division to Manz AG for 8.1 million euros, or about $11.1 million. The division, which employs 83 people and is based in Italy, manufactures machines for the ...
Yahoo has posted a first quarter earnings decline of 20% to $311.6 million. In a trading update yesterday, the company added that revenue from display advertising increased by 2% to $409 million. Additionally, first quarter group revenue ...
Tags: Yahoo, Computer Products
Toyota Tsusho Corporation, the trading unit of the Japanese car producer Toyota Group, has announced that it has agreed to acquire 39.9 percent of shares in Germany-based scrap recycler Scholz AG. According to Toyoota Tsusho, the deal is ...
Tags: Scrap Recycler, Toyota
Singapore-headquartered Wilmar International has agreed to establish a joint venture (JV) in Myanmar to produce and sell sugar and its by-products. The JV will be set up in partnership with Great Wall Food Stuff, and will be named Great ...
Tags: Wilmar International, JV Deal
The board of Spanish olive oil bottler Deoleo has agreed to takeover offer made by UK private investor CVC Capital Partners. CVC would initially buy 29.99% stake from Spanish banks, valuing the company at €438.8m. As part of the ...
Tags: CVC Capital, Deoleo Board