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Thai Beverage to Buy 54% Stake in Vietnam's Sabeco for $4.8bn
Dec 21, 2017Vietnam Beverage, ThaiBev’s domestic unit, has won a bidding to acquire 54% stake in Saigon Beer Alcohol & Beverage Corp (Sabeco) for $4.8bn. Sabeco is owned and under the authority of Vietnam's Ministry of Trade and Industry. The ...
Tags: Thai Beverage, Beverage
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German Eco-Friendly Cars Scheme Gets EU Approval
Mar 28, 2017The European Commission has approved German plans for an infrastructure network for charging electric vehicles throughout the country. The German government plans to invest €300m over four years to the increase access to high-speed ...
Tags: EU Approval
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West Coast Cities Urge Automakers to Increase Electric Vehicle Production
Jan 17, 2017Mayors of Cities including San Francisco, Los Angeles, Portland, and Seattle have released the nation's first multi-city request to the automotive industry to increase the production of electric vehicles and help in tackling fuel and ...
Tags: Electric Vehicle, Automakers
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FCA to Deliver Dodge Charger Pursuit Police Sedans to California Highway Patrol
Aug 2, 2016FCA US has secured orders to deliver 580 Dodge Charger Pursuit police sedans to the California Highway Patrol (CHP). The sedans will replace aging sedans and utility vehicles in CHP's fleet. FCA will deliver the vehicles in the next two ...
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Commission Approves Sysco's Acquisition of Brakes
Jun 14, 2016The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Brakes, the largest UK food distributor, by Sysco, the largest US food distributor. The Commission found that the takeover would not adversely ...
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Bama Foods to Expand Facility in Owasso to Make Hotcakes for McDonald's
May 11, 2016US-based Bama Foods plans to expand its production facility in Owasso, north Tulsa after it secured a contract supply hotcakes to McDonald’s. The expansion will result in adding 55 jobs at the location. Bama CEO Paula Marshall ...
Tags: Bama Foods, McDonald, Hotcakes
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SPX FLOW: Chinese Nuclear Power Industry Ambitions
Apr 15, 2016Spun-off from SPX Corporation in September 2015, SPX Flow, Inc. was formed to pursue a more flow-focused strategy and capitalise on the organisation's strengths for the global food and beverage, power and energy and industrial markets. SPX ...
Tags: SPX FLOW, Nuclear Power Industry
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Adidas Won't Rule out Parting with FIFA
Dec 22, 2015Herbert Hainer, Adidas Group CEO, said for the first time that Adidas may explore “alternatives” to its long sponsorship of FIFA if soccer's world governing body does not reform itself. "If FIFA succeeds in reforming itself -- ...
Tags: Adidas, FIFA, Sporting Goods
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B&G Foods Completes Acquisition of Green Giant and Le Sueur Brands From General Mills
Nov 5, 2015US-based food company B&G Foods has completed the acquisition of frozen and canned vegetable Green Giant and Le Sueur brands from General Mills for $765m in cash. The deal also covers inventory adjustment at closing worth $58m. B&G ...
Tags: B&G Foods, General Mills
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Abraaj' Deciding to Pull out of The Bidding Process
Jan 5, 2015Private equity investing firm Abraaj Group has decided to withdraw from the bidding process for the acquisition of Egypt's BiscoMisr. The company had offered $12.14 per share to purchase up to 100% of the share capital of Egyptian cake ...
Tags: Egyptian cake, biscuit maker, Agriculture
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Saint-Gobain in The Process of Putting Its Glass Packaging Unit Verallia up for Sale
Dec 11, 2014France-based Saint-Gobain is in the process of putting its glass packaging unit Verallia up for sale to focus on higher-margin home and construction products, with Ardagh confirming that it is monitoring the sale of the unit. The company ...
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FIFA Ethics Panel Found No Violations of The Relevant Regulations During Process
Nov 17, 2014Global soccer’s governing body, apparently satisfied with the investigative findings of an Ethics Committee that found no “violations or breaches of the relevant rules and regulations” were made during the bidding process ...
Tags: FIFA, Sporting Goods
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Asia-Pacific Markets Have 60% of Global Solar PV Demand
Sep 18, 2014Total solar photovoltaic (PV) demand from the five leading Asia Pacific (APAC) markets – China, Japan, India, Australia and Thailand – is forecast to reach 17.2GW during the second half of 2014, almost 60% of global solar PV ...
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CSN Has Confirmed It Is Interested in Acquiring US-Based Gallatin Steel
Aug 14, 2014Brazil steelmaker Companhia Siderurgica Nacional (CSN) has confirmed it is interested in acquiring US-based Gallatin Steel, according to a CSN executive. "We've tried to enter in the Severstal deal and we didn't succeed. We're looking at ...
Tags: CSN, Metallurgy, Mineral
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Aeropostale Ends $150 Million Senior Secured Credit Facilities with Sycamore Partners
May 28, 2014Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, announced that it has entered into definitive agreements with respect to its previously announced strategic partnership and $150 million senior ...
Tags: Aeropostale, casual apparel
