Clariant, a world leader in specialty chemicals, has signed an agreement to divest its Textile Chemicals, Paper Specialties and Emulsions businesses to SK Capital. The total consideration of the sale amounts to approximately CHF 502 ...
Tags: Clariant, divestment, transaction marks, specialty chemicals
Business Line reported that the India’s infrastructure players are passing through a tough phase as this year comes to an end. They expect a turnaround early next year as the Government seeks to fix sector concerns with reforms. ...
Tags: India, infrastructure, reform, roads projects
AFP quoted British oil giant BP saying that it had agreed to sell its stake in China's Yacheng gas field to the state owned Kuwait Foreign Petroleum Exploration Company as part of a divestment program. BP said that it has agreed the sale ...
Tags: BP, China gas, South China Sea, Yacheng gas
Mechel one of the leading Russian mining and metals companies reports halting production at Southern Urals Nickel Plant OAO. Considering persistent negative trends on global nickel market and unfavorable forecasts for its recovery in the ...
Business Line reported that disinvestment of government’s shares in Steel Authority of India Ltd may take place in February. However, there is still no clarity on sell off of another steel company, Rashtriya Ispat Nigam Ltd. A ...
Tags: Business Line, Steel Authority of India, steel market, steel industry
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn. Glencore said this week its completion of the deal hands it "immediate critical ...
Tags: Commodity trader Glencore, global grain trading, acquisition
The Danish timber merchant Dalhoff Larsen & Horneman (DLH) has completed the sale of its US subsidiary Inter-Continental Hardwoods. The company announced a deal with the private equity firm American Industrial Partners (AIP), which will pay ...
Tags: Danish, timber, DLH, Inter-Continental Hardwoods
Dutch insurer ING has inked an agreement with Pacific Century Group (PCG) to dispose of its underwriting business units in Hong Kong, Macau and Thailand for a combined consideration of $2.14bn (€1.64bn) in cash. Its insurance ...
Tags: ING, PCG, underwriting business
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
Mobile operator Vodafone has said it fears that Ofcom's decision to allow Everything Everywhere(EE)to repurpose its 1800MHz spectrum could lead to the 4G auction,which is set to begin at the end of the year,being delayed. The mobile ...
Tags: Mobile Operator, EE, O2, 4G Auction
Singapore Airlines is to sell its 49% stake in Virgin Atlantic Ltd to Delta Air Lines. Under the agreement, Delta will pay US$360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group. The ...
Tags: Singapore Airlines, sell stake, airline group, transportation
French cement maker Lafarge is looking to sell its controlling stake in its South Korean subsidiary Lafarge Halla Cement Co, according to South Korean online media Edaily. The French company, which controls about 90% of its Seoul-based ...
Tags: Lafarge, controlling stake, cement market, company news
Mechel OAO, a leading Russian mining and steel group announced financial results for the 9 months 2012. The net revenue in Q3 2012 decreased by 12.0% and amounted to USD 2.7 billion compared to USD 3.1 billion in Q2 2012. The ...
Tags: Mechel OAO, mining, steel, financial results, company news
Tessenderlo Group has completed the sale of its pharmaceutical ingredients activities in Calaire, France and Farchemia, Italy, to International Chemical Investors Group (ICIG), a private industrial holding company. This divestment is part ...
American agribusiness company Cargill has entered into an agreement with India-based Wipro to acquire its edible oil brand Sunflower Vanaspati for an undisclosed amount. Sunflower Vanaspati brand offers vanaspati - a vegetable oil that ...
Tags: Cargill, Wipro, acquisition, edible oil