Best Foods is in discussions with private equity companies to divest minority interest as the former enters ready-to-eat segment in India. Best Foods CEO Aayushman Gupta told PTI that the company plans to bring in a partner that will help ...
Tags: Best Foods, Ready-to-Eat Segment
According to Korea IT Times, Cheil Industries, a Samsung Group company specializing in textiles, will invest up to 1.8 trillion won (US $1.7 billion) for the next three years in high value-added electronic and chemical materials. The ...
Tags: Cheil Industries, Samsung Group
Alexey Miller, Chairman of the Gazprom Management Committee and Do Van Hau, President and CEO of Petrovietnam National Oil and Gas Group signed today in Hanoi the Agreement on setting up a natural gas for vehicles joint venture. The ...
Tags: Alexey Miller, Gazprom's, NGV, fuel, Asia-Pacific, market
Japanese carmaker Toyota Motor will reportedly discontinue assembling Camry at Subaru Indiana Automotive’s (SIA) plant in the US, from 2017. The factory in Lafayette, Indiana, assembles 100,000 Camry cars annually, in addition to ...
Rio Tinto (RIO.AX)(RIO.L) is set to submit a mine plan to U.S. authorities this week for its $6 billion Resolution project in Arizona, which could become the largest copper producer in North America, a spokesman said on Thursday. ...
Tags: Rio Tinto
SEOUL, South Korea, Nov. 13, 2013 /PRNewswire/ -- Basic Element, one of Russia's leading diversified business groups, En+ Group, Russia's leading mining, metals and energy group, have signed a Memorandum of Understanding (MoU) with POSCO, a ...
Enel SpA (“Enel”), through its wholly-owned subsidiary Enel Investment Holding BV, finalized the sale of its 40% stake in Artic Russia BV, which in turn owns 49% of the share capital of SeverEnergia (the aggregated interest of ...
Petrobras started up production on platform P-63, connected to well PPT-12, in the Papa Terra field, located in the southern Campos Basin. The FPSO (Floating Production Storage and Offloading) platform is anchored at a water depth of ...
Gazprom Neft and Vietnam Oil and Gas Group (PetroVietnam) have signed a framework agreement setting out the terms of Gazprom Neft’s proposed acquisition of a stake in the Dung Quat oil refinery and the refinery’s planned ...
Tags: Gazprom Neft, PetroVietnam, invest, Dung Quat, refinery, modernisation
Vale announced Monday that it plans to sell as much as 407 million shares (an approximate 22 percent stake) of Oslo, Norway-based aluminum producer Norsk Hydro ASA in order to cut costs and boost profits. Norsk Hydro is valued at about ...
Tags: Vale, Aluminum Shares
Brazilian mining group Vale has reduced its stake in Norwegian aluminum producer Norsk Hydro to 2% from 21.6% and may completely offload its holding in the company, Hydro said Tuesday. Vale announced on Monday an offering to sell shares ...
Tags: mining group, Mineral
Tuesday, Nov 12, 2013 BG Group today announced it has completed transactions with China National Offshore Oil Corporation (CNOOC) for the sale of additional interests in the Queensland Curtis LNG (QCLNG) project in Australia for US$1.93 ...
Tags: CNOOC, BG, transaction, QCLNG
Rosneft and Vietnam Oil and Gas Group (hereinafter referred to as PetroVietnam) signed Agreement on basic terms for geological survey, hydrocarbon exploration and production in the Pechora Sea. The agreement was signed by Igor Sechin, ...
Agria Corporation, an international agricultural company with operations in China, South America, New Zealand and Australia, announced that it has entered an agreement to establish the China National (Yangling) Plant Variety Rights Trading ...
Tags: Agria Corporation, Food
EDF has concluded negotiations with government on the strike price for electricity generated by Hinkley Point C. The financing system will be put to the European Commission this week, said government. The team in place to build and ...