Deal marks progress against divestment target. Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon ...
At a time when dairy companies have struggled with the continued European oversupply of milk, Arla has strengthened the quality and profitability of its business. Arla’s strategic branded sales grew 6.1 per cent in the first half of ...
Tags: Arla, dairy, positive results
The net turnover of the Ebro Group grew by 16.1% year on year in 2015, rising to €2462m (€2.4bn). The EBITDA, or gross operating profit, was considerably better than year-end projections, closing at €314.8 million, up 9.6% ...
Tags: Ebro Group, net turnover, EBITDA
Ball reported second quarter 2016 net earnings attributable to the corporation of $369m, or $2.54 per diluted share on sales of $2bn, compared to $160m of net earnings attributable to the corporation, or $1.13 per diluted share, on sales of ...
Tags: Rexam, Metal Beverage Packaging
Finland-based pulp and paper manufacturer Stora Enso has opened a new consumer board mill in Beihai, China. The new mill, which is expected to reach full production within two years, has been developed with an investment of €800m. ...
Stora Enso has signed an agreement to divest the key assets of its Suzhou Mill in China, including the land-use rights and buildings, to the local government of Suzhou National New & Hi-tech Industrial Development Area (SND). During its ...
Tags: Paper Mill, Stora Enso
Vietnamese dairy company Vinamilk has fully acquired US-based Driftwood Dairy by buying the remaining 30% stake for $3m. The acquisition comes more than two years after the company bought 70% stake in the US company for $7m. Driftwood ...
Tags: Vietnamese dairy, Dairy products
Vietnamese dairy firm Vinamilk has decided to eliminate its 49% foreign ownership limit to facilitate overseas investment into the company which is valued at $7.85bn. The company has not set a timeframe on when the current limit would be ...
Tags: Vinamilk, Vinamilk investor
OpSec Security has started negotiations to acquire the security business of API Holographics, which primarily serves the UK market. API Group plans to complete the divestment process by April, after consulting with the employees, ...
Tags: OpSec, Aquisition, API Holographics, API Group
International Paper has signed an agreement to purchase newsprint mill in Madrid, Spain, from Swedish company Holmen Paper, for €150m. As per the deal, International Paper will acquire the Madrid newsprint Mill, as well as ...
Kiefel, the German manufacturer of thermoforming machines and a unit of Brückner Group, has announced to acquire 100% stake in Mould & Matic Solutions, an Austrian supplier of tools and of automation solutions to the packaging ...
Tags: Kiefel, Mould&Matic, Haidlmair Group
The Australian Federal Government's Foreign Investment Review Board (FIRB) is allowing China's Moon Lake Investments to acquire Australia's largest dairy producer, Van Diemen's Land Company (VDL). The purchase price is AUD$280 million for ...
The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...
Tags: VDL, Dairy Farm
New Zealand-based dairy company Fonterra Co-operative Group is selling its Australian yogurt and dairy dessert business to Parmalat Australia. In this regard, both companies entered into negotiations which resulted in signingof the ...
Havells India, a manufacturer of lighting and electrical products, plans to sell most of its stake in European lighting system and fixtures company Sylvania. Sylvania is one of the four leading lighting brands in Europe and Latin America. ...
Tags: Havells, LED lightings, electrical products