Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
Foxconn's Hon Hai Precision Industry Co. said it was still committed to buying a stake in Japanese display maker Sharp, and expects an investment could be completed within three months if a price can be agreed on. Both companies have been ...
Tags: Foxconn, Hon Hai, Investment Deal
Canada's Morien Resources is heading up a group of investors and coal buyers in talks with Xstrata Coal about buying its 75% stake in the $500 million Donkin coal project in Nova Scotia, a source close to the situation said Monday. The ...
Gujarat NRE Coking Coal (GNCCL), the Australian subsidiary of India-based Gujarat NRE, has announced that India-based Jindal Steel & Power Limited (JSPL) has increased its shareholding in the company to 29 percent as of March 22. JSPL also ...
Tags: Metallurgy, Mineral, Energy, Coking Coal
Apple has acquired mapping startup WiFiSlam, which is developing an indoor location service for smartphones, Apple said Monday. An Apple spokesman declined to comment on its purpose in making the acquisition or its future plans for the ...
Tags: Apple, Mapping Apps, Computer Products
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
Brazilian investment firm 3G Capital’s owner Jorge Paulo Lemann has acquired 20% stake in icecream manufacturer Diletto for BRL100m ($50.5m). The transaction was completed in January and was handled through Innova, a fund controlled ...
Tags: ice cream firm, ice cream, icecream
It is reportedly that giant steelmaker of long product Gerdau announced this week that they acquired the remaining stake of its joint venture partner Kalyani Steels at its first plant in India's Andhra region. The plant has an installed ...
Tags: Metallurgy, Mineral, Energy, steel
Singapore-listed Noble Group has acquired a 5.34% equity stake in the Australian company developing the first large-scale underground coal mine in Indonesia in recent years in a move widely seen as a vote of confidence in the fledgling ...
Tags: Coal Mine, Coal, Metallurgy, Mineral, Energy
Japanese trading firm Mitsubishi has agreed to acquire Kirin Kyowa Foods (KKF), a food flavors manufacturing subsidiary of Kirin Holdings, for JPY30.5bn ($321m). Kirin Kyowa Foods produces a variety of ingredients and flavour enhancing ...
Tags: Mitsubishi, Kirin Kyowa Foods, KKF, food
Editor's note: The following article appeared in the March 1 issue of Bicycle Retailer & Industry News and is part of our series of articles on succession in the bike industry. When Peter Enright agreed to friend Spence Wolf’s ...
Tags: Bicycle Retailer, Bicycle Industry, bike
Australian stocks have opened higher, with the big retail banks and major energy companies leading the broader market higher. At 10.10am AEDT, the benchmark S&P/ASX200 index was up 14.6 points, or 0.29 per cent, at 4981.9 points. The ...
Tags: Australian stocks, Banks, economy
On March 20, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. Ltd, (WISCO), a subsidiary of Wuhan Iron and Steel (Group) Corp., announced that it has received approval from China’s State-owned Assets Supervision and ...
Tags: WISCO, Non-Public Share Issue, Mineral
On March 20, Hebei Province-based Chinese steelmaker Tangshan Iron and Steel Co. (Tangsteel), a subsidiary of Hebei Iron and Steel Group, signed an agreement to acquire a 10 percent stake in Swiss-based Duferco International Trade Holding, ...
Tags: Duferco, Chinese Steelmaker, Mineral
Russia should maintain Gazprom's monopoly on exports of Russian gas to Europe but allow other companies to export LNG to rapidly growing markets of the Asia-Pacific region, energy minister Alexander Novak said Saturday. As Gazprom has the ...
Tags: LNG exports, Gazprom, gas