Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
According to several reports, Uber is planning to buy or has already placed a huge order to buy Mercedes-Benz S-class cars. Reports suggest that the ride-hailing company is planning to have fleet of self-driving cars by 2020. With this ...
Tags: Uber, Mercedes-Benz S-class cars
Indian automobile manufacturer Mahindra is planning to introduce its no-frills electric car e20 in London. This is the first time Mahindra will make its entry into the UK market. The price of this electric car has been set at ...
Working out how to divvy up capital in the music industry is challenging, but Spotify’s making progress. Spotify is set to pay out an impressive $21 million to artists and publishers in unpaid royalties. The market-leading ...
Tags: Spotify, Artists, publishers, Computing
Uber has apparently been on an epic shopping spree in Germany, with self-driving cars and high-end Mercedes-Benz vehicles at the top of the list. A report from Reuters have revealed the ride-sharing firm was seeking to place a large order ...
Tags: Uber, Self-driving cars, High-end Mercedes-Benz vehicles
In the battle for content dominance, big money tends to win out. Netflix has committed an impressive $90 million to producing a cop movie starring Will Smith. The streaming service giant is said to have won the deal for Bright after ...
Tags: Netflix, Will Smith, Cop movie
International Paper has signed an agreement to purchase newsprint mill in Madrid, Spain, from Swedish company Holmen Paper, for €150m. As per the deal, International Paper will acquire the Madrid newsprint Mill, as well as ...
International Paper, a US based pulp and paper company, has signed an agreement to divest its corrugated packaging business to Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for approximately $150m. Under the terms of the ...
Müller and Kern Investment Consulting Management (KICM) have launched a new multi-format, high-performance inserter system. Available from this fall, the new inserter system will be exclusively produced and distributed by ...
Tags: KICM, Inserter system
Kiefel, the German manufacturer of thermoforming machines and a unit of Brückner Group, has announced to acquire 100% stake in Mould & Matic Solutions, an Austrian supplier of tools and of automation solutions to the packaging ...
Tags: Kiefel, Mould&Matic, Haidlmair Group
Finnish food company Atria is entering Swedish poultry business by acquiring Lagerberg i Norjeby (Lagerbergs). The financial terms of the deal have not been disclosed. Through this deal, the company is purchasing the entire share ...
Tags: Atria, Swedish Poultry, Aquisition
Italian producer of pharmaceutical glass packaging, Stevanato Group has acquired the operating units of Balda Group, a Germany based supplier of precision plastic solutions, for €95m ($105m). Under the terms of the deal signed ...
Tags: Stevanato Group, Balda, Aquisition
Nampak Plastics, the UK based producer of plastic milk bottles, is planning to set up a new plant in Stirling, Scotland, to manufacture a range of plastic milk bottles. As part of this effort, the firm has signed a lease deal on 20,000 ...
Tags: Nampak Plastics, Plastic bottles, Investment
Jack Link’s Protein Snacks has acquired meat snacks unit of Grass Run Farms, which produces grass-fed beef snacks and fresh meat products. The deal also includes trademark and distribution rights for Grass Run Farms beef snacks. ...
Tags: Jack Link, Snacks, Grass Run Farms
General Motors announced that it is acquiring Cruise Automation, a startup company that makes self-driving kits for certain types of cars. With this deal, General Motors will add Cruise Automation's software talent and rapid ...