German carmaker Volkswagen has finalised the acquisition of remaining 50.1% share in sports car maker Porsche and to form an integrated automotive group by 1 August 2012. Porsche, which currently controls half of the business which is not ...
Tags: Volkswagen, Porsche, cooperation
Significant reduction of Oerlikon's exposure to the textile industry from 53 % to 33 % of total sales Remaining Textile Segment to focus on the manmade fiber business Transaction based on an enterprise value of around CHF 650 million ...
Tags: The Oerlikon Group, Textile Components, Natural Fibers
Investment firm Platinum Equity’s affiliate has completed the previously announced acquisition of BWAY, a North American supplier of general line rigid containers for $1.24bn, from Madison Dearborn Partners through a merger. ...
Tags: Bway, rigid containers, general line
German car manufacturer Porsche is planning to speed up sell its remaining 50.1% stake in its sports-car business to Volkswagen to pave the way for cost savings and pare the debt. Though Volkswagen is keen to acquire the remaining stake, ...
Tags: Porsche, sports-car business, Cayenne SUV, Panamera four-door coupe
Australia's leading poultry processor Inghams Enterprises has been put up for sale by its only shareholder Bob Ingham,in a deal which is expected to attract food companies as well as private equity firms. Investec Bank has been appointed ...
Tags: poultry processor, private equity firms, competitor, annual sales
The Association of British Insurers slammed mining group Xstrata's plans to reimburse key managers' big retention packages to ensure sustainability after its proposed merger with rival Glencore. The influential shareholder body condemned ...
The Drives & Motion Division of Yaskawa America, Inc. is pleased to announce that Yaskawa Electric Corporation has signed an agreement between its European subsidiary, YASKAWA Europe GmbH (YEU) based in Eschborn, Germany, and VIPA ...
The shareholders of the Finnish group Ahlstrom voted in favour of the planned spin-off of its Label & Processing division's European activities and the sale of LP's Coated Specialities in Brazil at an extraordinary general meeting held on ...
Tags: Label&Processing, pulp, specialty paper
Medmarc Insurance (Medmarc) has signed an agreement to merge into ProAssurance for a $153.7m, all cash, sponsored demutualization that will provide Medmarc's eligible Members with cash payments of $146.2m and future policy credits of $7m. ...
Tags: Medmarc Insurance, merger, ProAssurance, insurance
US insurance brokerage firm Capacity Coverage Co and Transpo Insurance have inked a merger agreement, in accordance with which both firms will merge with and into each other and form a new company, named as TransCap Insurance Agency. As ...
Tags: Capacity Coverage, Transpo Insurance, merger, ransCap Insurance Agency
Italian insurer Fondiaria-Sai is prepared to go ahead with initial plans to merge with Unipol Gruppo Finanziaria, together with its parent company, Premafin Holding di Partecipazioni and its subsidiary Milano Assicurazioni. Fondiaria-SAI ...
Tags: Fondiaria Sai, Unipol Gruppo Finanziaria, merger, initial plan
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM to expand its market presence in Poland. InterRisk and PZM achieved premiums of over EUR80m in the first quarter of 2012 and the two companies will ...
Tags: Vienna Insurance, merger, InterRisk, insurance market
SeaBright has received shareholder approval for merger with Enstar Group, in a $11.11 per share in cash deal. Earlier in August 2012, both partied accepted to proceed with the merger and entered into a definitive agreement. The ...
Tags: SeaBright, merger, Enstar Group, shareholder approval
Manulife Financial has appointed Craig Bromley as senior executive vice president and general manager for its US Division as well as president of John Hancock Financial Services, effective from 1 September 2012. Bromley will join the ...
Tags: Manulife Financial, Craig Bromley, executive vice president
Commercial vehicle manufacturer Mitsubishi Fuso Truck and Bus (MFTBC) has merged its subsidiaries PABCO and Fuso Tech to form a new company under the name PABCO. According to the company, the new merger will reduce order-to-delivery time ...
Tags: commercial vehicle, MFTBC, PABCO, truck bodybuilding