Dutch consumer goods company Unilever has announced a voluntary open offer to increase its stake in its Indian subsidiary Hindustan Unilever (HUL) from 52.48% to up to 75%. Under the terms of the deal, Unilever agreed to pay INR600 ...
Tags: Unilever, Hindustan Unilever
Rising demand for LED backlight and lighting products helped LED chipmakers see capacity utilization rates increase to 90% in the second quarter. Despite shortages of high-end products, the overall LED industry continues to be in ...
Tags: LED Market, LED, LED lighting
Indian steelmaker JSW Steel has denied media reports about Japan's JFE Steel increasing its shareholding in JSW. The Indian steelmaker stated that JFE Steel still has a 16.17 percent shareholding in the company. An Indian-based newspaper ...
Tags: Steel Denies Reports, Mineral
Gogol Mogol Group, a Russia-based dairy processor, has acquired a 40.31% stake in SIA DK Daugava, a Latvia-based dairy processor and bakery for €1.8m. The cquisition enables DK Daugava to get access to the Russian market and allows ...
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
French private equity firm PAI Partners has agreed to acquire Europe's leading private-label ice cream maker R&R Ice Cream from Oaktree Capital in a deal worth EUR850m. The acquisition is the first purchase in the food industry for PAI ...
Tags: R&R Ice Cream, Food
Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy
Coca-Cola Hellenic, the bottler of Coca-Cola products, has acquired a minority stake in Filia Environmental Industries, which opened a new PET recycling plant in Filiates of Thesprotia, Greece. The investment is said to be in line with ...
Tags: Coca-Cola, Pet Recycling Plant
EMC reported first-quarter revenue rose 6% to $5.39 billion, while net income fell about 1% year-over year to $580 million as costs rose. Excluding one-time charges, first quarter net income was $850 million, a 4% rise, EMC said in its ...
Tags: Computer Products, software
EMC reported first-quarter revenue rose 6 percent to US$5.39 billion, while net income fell about 1 percent year-over-year to $580 million as costs rose. Excluding one-time charges, first quarter net income was $850 million, a 4 percent ...
Tags: EMC, Computer Products, EMC Storage Business
Making good on a promise made in December, VMware and parent company EMC have launched a new company, called Pivotal, to offer an enterprise-ready data analysis platform as a service (PaaS) based on software from both companies. Pivotal's ...
Tags: Computer Products, software
General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
Malaysia-based banking group AMMB Holdings is looking for potential buyers to dispose of certain stake in its life insurance operations, in a bid to raise nearly $600m from the deal. Sources familiar with the deal were quoted by the Wall ...
Tags: Life Insurance, Insurance
MetroPCS Communications, Inc. announced today that its stockholders overwhelmingly voted to approve all of the proposals required for closing the proposed combination with T-Mobile USA, Inc. With today's approval of the proposals by ...
Tags: T-Mobile, Consumer Electronics
The sharemarket notched up its biggest gain for five weeks yesterday as the banks led broad-based gains thanks to lower-than-expected domestic inflation data and stronger offshore markets. The consumer price index rose 0.4 per cent in the ...
Tags: Renewed, Interest Rate