UK meat packer Hilton Foods Group said today (10 January) that it has entered into a joint venture agreement with Woolworths Ltd, Australia's largest supermarket. The deal establishes a new company, Woolworths Meat Co, in which Hilton ...
Tags: UK, meat packer, Hilton Foods Group, joint venture
Mahindra & Mahindra (M&M) plans to invest about $36.3m to $45.4m in the next three years to maintain and upgrade the products developed during the joint venture (JV) with US-based Navistar in India. The plan followed the agreement made in ...
Angang Group Hong Kong, a subsidiary of Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel), has received approval from Australia’s Foreign Investment Review Board (FIRB) for the purchase of ...
Tags: Angang Group HK, FIRB, steelmaker, Ansteel, Gindalbie
US-based private equity firm Weld North has acquired a minority stake in Organic Avenue, an organic food and juice business, for an undisclosed amount. Weld North, based in New York City, has developed a range of 50 custom developed ...
Tags: US, Weld North, minority stake, Organic Avenue, organic food, juice
Switzerland-based dairy processor Emmi has acquired a 70% stake in the AVH Dairy Trade, a Netherlands-based goat and sheep milk products manufacturer, for an undisclosed amount. The move is a part of Emmi's efforts to reinforce its ...
Tags: Switzerland, dairy processor, Emmi, stake, AVH Dairy Trade
A string of successful product introductions helped Bassett Furniture Inds.record a 21.4%sales increase in the quarter ended Nov.24. The company said the increase was driven by its Bassett Home Furnishings retail stores and independent ...
Tags: sales increase, successful product, investment, furniture
Private equity firm KKR has doubled its investment in Masan Consumer Corp, taking a bigger stake in the Vietnam noodle and fish sauce firm. The deal, which marks the largest single private equity investment in the Southeast Asian ...
Tags: KKR, investment, Masan Consumer Corp, Vietnam noodle, fish sauce
Iraq has approved the deal under which Kuwait Energy would replace Turkey’s state-owned Turkiye Petrolleri AO (TPAO) on the Block-9 exploration contract. Abdul-Mahdy al-Ameedi, director of the ministry’s contracts directorate, ...
Tags: TPAO, Kuwait Energy, Turkey, oil, Iraq
Norway's Statoil and its partners are going ahead with the development of the major Aasta Hansteen natural gas field project in the Norwegian Sea, as well as the planned Polarled pipeline linking it to shore, at a combined cost of NOK57 ...
Tags: Statoil, natural gas field project, gas, deepwater field
Woodside Petroleum's Browse LNG project could end up being developed in a lower-cost environment after 2014, now that the joint venture partners are aligned for the first time, analysts at the Hong Kong office of Bernstein Research said in ...
Tags: Woodside Petroleum, Browse LNG project, commercial development
UK-based insurer Aviva has sold its remaining stake of 19.4% in Dutch insurer Delta Lloyd for 353m, as part of its strategy to reorganize operations. Aviva sold all its 34 million shares in Delta Lloyd for €12.65 per share, ...
Tags: Aviva, stake, insurer, share, life insurance, general insurance
New Saab owner National Electric Vehicle Sweden (NEVS) has signed a partnership worth $291 million with the City of Qingdao in China’s Shandong province giving the city a stake in the Hong Kong-owned manufacturer. To be made in ...
South Korean insurer Kyobo Life Insurance is selling 30% of its stake in the firm in an auction, which is expected to be worth $2bn. Sources close to the matter told The Financial Times that the deal has attracted interest from private ...
Swiss dairy group Emmi has acquired a 70% stake in AVH Dairy Trade, the Netherlands-based producer of goat's and sheep's milk products, for an undisclosed fee. Emmi said today (8 January) the deal, which cleared on 1 January, reinforces ...
Tags: dairy group, Emmi, stake, AVH Dairy Trade, milk products
Emmi is not currently planning to take full ownership of AVH Dairy Trade, following news that it has acquired a 70% stake in the Netherlands-based dairy firm. Emmi announced yesterday (7 January) that it has acquired the stake for an ...
Tags: Emmi, full ownership, AVH Dairy Trade, dairy firm