BS reported that investors in the Hindustan Copper auction issue are already staring at a loss. The price fell below the government set auction floor price of INR 155 on 27th 2012. The issue had been subscribed largely by public sector ...
Tags: Hindustan Copper, LIC, INR 153
Hostess Brands,a maker of breads and sweet goods in the US,has filed a plan for reorganization under US bankruptcy law,in order to pay creditors and emerge from Chapter 11 protection. The plan would give a majority of the stake to a ...
Tags: reorganization, breads, sweet goods, stake
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
BL reported that Vedanta will fork out the right price arrived at a transparent process for buying out government's residual stake in Hindustan Zinc Limited and Bharat Aluminium Company. Mr Anil Agarwal chairman of Vedanta said that ...
Tags: Vedanta, Hindustan Zinc Limited, Bharat Aluminium Company
RIA Novosti / Ruslan Krivobok reported that Russian tycoons Oleg Deripaska and Vladimir Potanin may reportedly put an end to a 4 year long conflict over control of Norilsk Nickel by the year end. Key shareholders of the world's largest ...
Tags: Norilsk Nickel, nickel, palladium, Oleg Deripaska
US dairy company Dean Foods has swung to a profit of$36.44m in the third quarter of 2012,compared to a loss of$1.55bn in 2011,when the company incurred a$1.9bn goodwill impairment charge related to its Fresh Dairy Direct segment. Net ...
Tags: profit, net sales, quarter results
Japanese automaker Mazda has stopped production of cars at Flat Rock facility, which is owned by Mazda and Ford. Currently, both the companies will maintain the 50-50 stake in the Flat Rock plant, in which Ford will invest $550m in order ...
With the acquisition of a majority stake in New York City based luxury lingerie retailer, Journelle, Inc., Triumph International, Bad Zurzach announces its first concrete step to enter the US Intimate Apparel market, hence paving the way ...
Tags: luxury lingerie, Triumph, Journelle, apparel market, apparel industry
American Sugar Refining,a subsidiary of Florida Crystals and Sugar Cane Growers Cooperative of Florida,has acquired majority stake in Belize Sugar Industries,while the previous shareholders including BSI Employee Holdings continue to hold ...
Tags: sugar cane, BSI, stake, raw sugar
Italian insurer Fondiaria-Sai is prepared to go ahead with initial plans to merge with Unipol Gruppo Finanziaria, together with its parent company, Premafin Holding di Partecipazioni and its subsidiary Milano Assicurazioni. Fondiaria-SAI ...
Tags: Fondiaria Sai, Unipol Gruppo Finanziaria, merger, initial plan
Qatar First Investment Bank(QFIB),Qatar's first independent Shari'ah compliant bank authorized by the QFC regulatory authority,announced the acquisition of a 40%stake in English Home,the leading retailer of home textile products in Turkey. ...
Tags: QFIB, acquisition, home textile products
Dean Foods, a US-based dairy company, has reported that its net income totaled $56.1m for the second quarter ended 30 June 2012, compared to a loss of $50.5m for the same period in 2011. The company posted 5.15% decrease in net revenues ...
Tags: net income, processor and distributor of milk, cultured dairy products
Japanese carmaker Mazda Motor and Malaysian sales company Bermaz Motor have established a new joint venture (JV) company called Mazda Malaysia. The $27.4m joint venture, which will be headquartered at Shah Alam, Selangor in Malaysia, is ...
Tags: Mazda, Bermaz, JV company
Irish nutritional solutions and cheese firm Glanbia has entered into an agreement to sell 60% stake in its dairy ingredient division – Dairy Ingredients Ireland (DII) - to its largest shareholder Glanbia Co-op Society, in a ...
Tags: nutritional solutions and cheese firm, dairy ingredient division
Glanbia's Dairy Ingredients Ireland (DII) has unveiled a new whey protein isolate facility at its milk processing base in Ballyragget, County Kilkenny, with an investment of EUR21m. The facility features a micro-filtering system to ...
Tags: new whey protein isolate facility, milk processing base