German automaker BMW is planning to acquire 2% share in the UK-based electric vehicle (EV) charging station provider Chargemaster. The agreement is expected to be officially announced on 29 July 2013 prior to the launch of BMW's i3 EV. ...
Tags: electric vehicle, BMW
Oaktree Capital Group has engaged investment banking firm Goldman Sachs to find a suitable buyer for packaging company Tekni-Plex, in a transaction which could be worth $800m, according to sources. Five years back, the US-based investment ...
Tags: Oaktree Capital, Tekni-Plex
Thai food manufacturer Charoen Pokphand Foods (CPF) plans to acquire 83% stake in Russia Baltic Pork Invest (RBPI) from Capman Russian Fund in a deal estimated to be worth THB3.15bn ($101.2m). RBPI is a large-scale grain and pork producer ...
Tags: Pokphand Foods, Food
German automotive manufacturer Daimler’s high performance brand Mercedes-AMG and Aston Martin have signed a letter of intent for a technical partnership for the development of British sports car maker's bespoke V8 engines. Upon the ...
Tags: Daimler, Aston Martin
SNPE SA and Picanol Group have signed on 25 July 2013 a binding agreement for the sale by SNPE SA to the Picanol Group of a stake held by SNPE SA in Tessenderlo Chemie NV, representing 27.6% of the share capital of Tessenderlo Chemie NV for ...
Tags: Tessenderlo Chemie, Textile
Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23). Gavin Darby, chief executive officer, ...
Tags: Premier Foods, Agriculture
Cremona-based Italian steel producer Arvedi Group has stated it is interested in leasing Ferriera di Servola, the Trieste-based iron and coke producing unit of Italy's second-largest steelmaker Lucchini, and may subsequently buy the plant. ...
Tags: Steelmaker, Mineral
Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian sharemarket finish higher. At 4.15pm AEST, the benchmark S&P/ASX200 index was up 18 points, or 0.36 per cent, at 5035.1. The broader All ...
Tags: Chinese Woes
Bentley is laying down the gauntlet to high-end rivals, claiming its new Bentley SUV will be "the most luxurious and most powerful SUV" when it goes on sale in 2016. The Volkswagen-owned British brand has confirmed it will build an SUV at ...
Tags: SUV, Transportation, car
UK-based GlaxoSmithKline (GSK) has postponed plans to increase its stake from 46.4% to 75% in GlaxoSmithKline Consumer Nigeria (GSK Nigeria), proposed under a scheme of arrangement. The minority shareholders considered the deal ...
On 16 July 2013, Billabong International Limited announced that it had entered into agreements with entities advised by Altamont and entities sub-advised by GSO Capital Partners (the credit arm of the Blackstone Group, and together with ...
Tags: Altamont-LED
Without Taiwan's Investment Commission approval, Taiwanese LED manufacturer FOREPI's and Chinese manufacturer San'an Optoelectronics' (San'an) ownership stake acquisition deal was thwarted. FOREPI's board of directors approved San'an as a ...
Lite-On Technology, a global leading Opto-electronic component manufacturer based in Taiwan, announced today that the Board has approved a cash acquisition of 100% stake of Power Innovations International Inc., a private U.S. company ...
Tags: Lights, Lighting, Opto-electronic component
Anhui Province-based Chinese steelmaker Maanshan Iron and Steel Co. (Masteel) has announced that it plans to sell some non-steel assets to its parent company Maanshan Iron and Steel Group for the purpose of optimizing asset structure, ...
Tags: Non-Steel Assets, Mineral
Russia-based Mechel has announced that it is selling its 100 percent stake in UK-based steel plant Invicta Merchant Bar and its debts to Mechel to privately-owned Helium Miracle 127 LLP for £1.1 million. Invicta Merchant Bar was ...
Tags: Steel Plant, Mechel