Australian iron ore development company BC Iron has announced its fiscal results for the financial year 2012-13 ended June 30, posting a net profit of A$48.8 million, down 3.5 percent year on year. In the given year, BC Iron's sales ...
Vestar Capital Partners has signed a definitive agreement to acquire a majority interest in the Roland Foods family of companies including Bruno Scheidt, American Roland Food, Pro Warehouse, and Costamar. Terms of the deal were not ...
Furi Electronics will be holding a shareholders’ meeting on Sept. 2 to decide on the company’s private investments to acquire 92.8% of MR LED Photoelectricity Co. stock shares. “If all goes well, the MR ...
Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over. For him its just moved north. As some mining firms clock up billions of dollars in ...
Tags: Mining Boom, Chemicals
Italian dairy firm Parmalat is in exclusive negotiations to acquire a stake in Brazil dairy group Lacteos do Brasil (LBR) for an undisclosed amount. LBR is a manufacturer of a wide range of dairy products including fresh milk, milk ...
Tags: dairy firm, Food
Swedish automobile manufacturer Volvo Car Group has obtained approval of the Chinese government authorities for the establishment of manufacturing plants in Daqing and Zhangjiakou. The company has started the construction of an assembly ...
Tags: Volvo, Vehicle Plants
Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
Things left scattered make you feel uneasy, restless and uncomfortable. But if left assembled all at one shot pay you convenience. There are the chances that certain things are left out when you are intended to carry all at large while in ...
Tags: Hand Tools, Processing Machinery
Canada-based Sun Life Financial has forayed into the Malaysian insurance market with the launch of a new joint venture between Khazanah Nasional and CIMB Group Holdings to offer services in the country. Sun Life Malaysia Assurance and Sun ...
Tags: Sun Life, Insurance Market
Nokia's credit rating has been cut even further by ratings agency Moodys, over concerns about the company's cashflow. The company's credit rating now stands at B1, four levels below "investment grade". Further reading Nokia to launch ...
Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
Varun Beverages, an India-based bottling arm of RJ Corp, is set to sell a minority stake in the company to private equity firms in a move to raise INR3bn ($47.5m). The company is currently in talks with four private equity firms - GIC ...
Tags: Varun Beverages, PE Firms
Asian Paints has acquired a 51 percent stake in Sleek Group, a kitchen solutions provider. Asian Paints believes the acquisition has a strategic fit both with current business as well as other lines of home improvement businesses that may ...
Tags: Paints, Construction, Decoration
Bank of Beijing (SHSE: 601169), a city-level commercial lender in the Chinese mainland, is brought under the limelight owning to a president personnel change. It said in a statement recently that Yan Xiaoyan, the former president of ...
Tags: Beijing Bank, economy