New Zealand Aluminium Smelters has confirmed it has completed its plan to reduce the size of its organization by 100 roles but it is still losing money and further cuts are expected. A spokesman for Pacific Aluminium said that the Rio ...
Tags: aluminium extrudé, aluminium extrusion, job new zealand
In particular, Severstal CYBB Limited, Lybica Holding BV withdrew from Severstal's authorized capital after divestment of their stakes. Holdgrove Limited acquired the right to own 3.2% of Severstal shares Holdgrove Limited increased its ...
Tags: Severstal CYBB Limited, mining enterprises, gold mining assets
Fortescue Metals Group Ltd has reached an agreement with BC Iron Ltd in relation to the Nullagine Iron Ore Joint Venture including a 25%partial divestment of Fortescue's interest for total net proceeds of AUD 190 million. Fortescue and BC ...
Tags: Fortescue Metals Group, BC Iron, Nullagine, agreement
Dutch organic food specialist Wessanen has seen its second-quarter profits slide as a result of lower sales volumes and higher marketing spend. The company today (25 July) booked net profits of EUR3.1m (US$3.8m) in the quarter, down from ...
Tags: Wessanen, second quarter profit, marketing spend, sales volume
German retail giant Metro Group has sold its Real grocery chain in eastern Europe to French retailer Auchan for EUR1.1bn (US$1.4bn). The transaction, announced today (30 November), comprises Real's operational activities in Poland, ...
Tags: Auchan, Metro Group, chain in eastern Europe
US-based Dole Food has announced that it has received stockholder approval for the sale of its worldwide packaged foods and Asia fresh businesses to Japanese trading house Itochu for $1.685bn in cash. Currently, the deal has received ...
Tags: Dole Food, stockholder approval, packaged foods, food industry
Reuters reported that Indonesia is considering whether to extend a divestment deadline for foreign mining companies beyond 10 years but no decision has been made. Mr Hatta Rajasa chief economic minister of Indonesia said that the ...
Accent Resources' pit optimization study has indicated that its Norseman Gold project hosts mineable inventory of 0.85 million tonnes at 1.62 grams per tonne gold for a contained resource of 41,800 ounces. This represents a significant ...
US food and beverage company Dean Foods has entered into an agreement to sell its Morningstar Foods unit to Canadian dairy company Saputo for $1.45bn. Morningstar Foods is a producer of dairy and non-dairy extended shelf-life and ...
Tags: food, beverage, Dean Foods, sell, dairy
Significant reduction of Oerlikon's exposure to the textile industry from 53 % to 33 % of total sales Remaining Textile Segment to focus on the manmade fiber business Transaction based on an enterprise value of around CHF 650 million ...
Tags: The Oerlikon Group, Textile Components, Natural Fibers
Australasian food company Goodman Fielder has entered into an agreement to sell its Integro oils business to a consortium comprising GrainCorp and Gardner Smith for A$170m($176m). The sale does not include the out-of-home business in ...
Tags: agreement, Integro oils, divestment
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
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
The Oerlikon Group has signed an agreement with the Jinsheng Group of China to divest the Natural Fibers and Textile Components Business Units from its Textile Segment.The divestment is an important strategic step to optimize and balance ...
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...