VTB Group has sold its 20% stake in OJSS "HC "Metalloinvest", a leading manufacturer and supplier of iron ore and products with high added value. The structures of USM Holdings purchased the shares, while VTB Capital, the Investment ...
Tags: VTB Group, Metalloinvest, iron ore, added value
On December 31, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) announced that its Quebec, Canada-based iron ore mining joint venture, Bloom Lake Mine, achieved an annual profit of RMB 350 million ($56 ...
Tags: WISCO, iron ore mining, joint venture, Bloom Lake Mine, annual profit, 2012
Business Standard reported that the Mr Miglani family, joint owner with ArcelorMittal of Uttam Galva Steels, has completed the acquisition of Lloyds Steel by reconstituting its board. The company is now in talks with private equity ...
Tags: Mr Miglani family, ArcelorMittal of Uttam Galva Steels, acquisition
New Pacific Metals Corp announced that it has signed a binding letter of agreement with Silvercorp Metals Inc to acquire majority interest in its wholly owned subsidiary,Fortress Mining Inc.Pursuant to the terms of the Agreement,the Company ...
Tags: New Pacific, Acquire Stake in Rzy Silver Lead Zinc Project
A half-million lines of custom code wasn't enough to produce a viable Dynamics AX ERP(enterprise resource planning)system for point-of-sale and RFID products distributor ScanSource,according to a lawsuit it has filed against Avanade,the ...
Tags: ScanSource, AX, Avanade, US
Cementos Molins has sold 10.61% in its Argentina-based unit Cementos Avellaneda to Votorantim Europe for Euro45.2m. Following the deal Cementos Molins retains 51% in the company and Votorantim Europe, part of Brazilian group Votorantim, is ...
Tags: cement
Fung Retailing Limited,a wholly-owned subsidiary of the privately held Fung Group,announced that its joint venture with funds managed by private equity firm AEA Investors LP has acquired a 70%stake in the Suhyang Group,Korea's pre-eminent ...
Tags: Fung Retailing, Fung Group, Suhyang Group, Korea, Greater China
Asahi Glass Co. Ltd. (AGC) has made an agreement with Adeka Corp. to acquire a 78.75 percent stake of Kashima Chemical Co. Ltd., according to an announcement from AGC. Kashima will now act as a subsidiary of AGC. Kashima Chemical is a ...
Tags: Construction, glass
PTI quoted government auditor CAG as saying that state owned iron ore producer NMDC needs to come up with a specific strategy to acquire mines overseas. CAG in a recent report said that "Company has been making efforts to acquire mines ...
Light weight paper and packaging solutions supplier in the US, Burrows Paper has completed the acquisition of the remaining 75% equity interest in investment company Innopak Hong Kong. Prior to the deal, Burrows owned 25% stake in the ...
Tags: Burrows Paper, paper and packaging solutions, Packaging
Apple raised CEO Tim Cook's salary by 55% for 2012 and awarded him a $2.8 million bonus, but said the chief executive's pay was still "significantly below the median" of comparable firms. "Mr. Cook remains significantly below the median ...
Bloomberg reported that POSCO agreed to buy a stake in ArcelorMittal Mines Canada Inc. Mr Chung Jae Woong spokesman of POSCO said that POSCO hasn’t decided on the amount of stake it will purchase or for how much The Maeil Business ...
Tags: POSCO, ArcelorMittal Mines Canada, iron ore, company news
Business Line reported that GAIL Ltd is set to receive LNG cargo from Russia’s Gazprom on December 28th 2012 Friday to commission the Dabhol LNG terminal in Maharashtra. The cargo carrying 0.138 million cubic meter of LNG equivalent ...
Tags: GAIL Ltd, LNG cargo, natural gas, GAIL
Mr.Dmitry Nikolaenko,sales director and member of the executive committee of Metinvest,shared his thoughts with SteelOrbis about Metinvest's acquisition of Zaporizhstal,about Metinvest's services and on the Turkish flat steel market in ...
Tags: Metinvest, Zaporizhstal, flat steel
Sun European Partners’ affiliate has acquired a majority stake in Paragon Print and Packaging, the UK-based packaging and outsourced services provider, to the private label fresh and chilled food market. Terms of the deal were not ...
Tags: Sun European, affiliate, major stake, Paragon Print, Packaging