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Arla Foods to Divest Stake in Brazilian Dairy Producer Vigor
Nov 7, 2017Arla Foods has decided to sell its 8% share in Brazilian dairy company Vigor with immediate effect following a change in ownership of the latter. Brazil’s leading dairy company Vigor S.A. (“Vigor”) has been sold by ...
Tags: Arla Foods, dairy
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Kellogg Became The Only Suitor for The Biscuit Company
Jan 13, 2015Egyptian cake and biscuit maker Bisco Misr's shareholders controlling 86% of shares have agreed to divest their shares to US-based food manufacturing company Kellogg, in a $125m deal. The Reuters reported that bidding for the biscuit ...
Tags: biscuits, wafers, corn flakes, Agriculture
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PSA Peugeot Will Sell Stakes to Dongfeng and French Government
Feb 20, 2014French automobiles manufacturer PSA Peugeot Citron has signed a memorandum of understanding with French government and Chinese automaker Dongfeng Motor Group under which each will inject EUR800m for 14% stakes. Dongfeng Motor said in a ...
Tags: PSA Peugeot, automobiles
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Nonlife Insurance Business Will Be Divested by South Korean Lig Group
Nov 25, 2013Seoul-based LIG Group is planning to divest all shares of its nonlife insurance division, as part of its strategy to gather the required funds to compensate investors for losses from a financial fraud scandal in 2011. Unveiling its ...
Tags: LIG Group, Nonlife Insurance
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PSA Peugeot-Citroen Is in Talks to Divest Stake to Chinese Partner
Oct 23, 2013French car maker PSA Peugeot-Citroen is in talks to divest stake to Chinese partner Dongfeng and the French state, in order to raise as much as EUR3bn in a capital increase. The company plans to conclude a draft agreement with state-owned ...
Tags: Peugeot-Citroen, PSA
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Sinar Mas Group and CT Corp Are Planning to Divest Their Share in Insurance Company
Sep 27, 2013Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
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Lanco Infratech Ltd Is Close to Selling Stake in Its Holding Company
Dec 28, 2012Business Line reported that Lanco Infratech Ltd is close to selling stake in its holding company and in the special purpose vehicles,while some of its strategic investors Genting and Doosan may exit. The diversified infrastructure ...
Tags: Lanco Infratech Ltd, NTPC, Genting, Doosan
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Binani Industries Plans to Divest Holding in Subsidiary Firm Binani Cement by up to 40%
Dec 27, 2012PTI reported that Binani Industries has given in principle approval to divest its holding in subsidiary firm Binani Cement by up to 40%. The company said that"The Board of Directors of the company at its meeting held on December 24th ...
Tags: Binani Cement, PTI, divest stake, India
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Marfrig Plans to Lower Its Mounting Debts
Dec 4, 2012Brazilian 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