China Petroleum and Chemical Corp, Sinopec, said Monday it expects its Fuling shale gas project in Chongqing, central China, to reach production capacity of 10 billion cubic meters/year during 2017, up from 600 million cu m/year currently. ...
Finland-based HKScan has signed a deal to sell its 50% stake in Saturn Nordic Holding to Danish Crown, which holds the remaining 50% holding in the firm. As per the agreed terms, the company will receive €180m in cash as well as a ...
AR Packaging Group has canceled the divestment process owing to the failed sale of the tobacco business. Earlier in November 2013, the company had signed agreements to divest all its businesses that consist of tobacco, specialties and ...
Tags: AR Packaging, Divestment Process
Global foreign direct investment (FDI) rose to levels not seen since the start of the global economic crisis in 2008, increasing by 11 per cent in 2013 to an estimated $1.46 trillion, with the lion's share going to developing countries, ...
Tags: trade, Investment
Clariant, a world leader in specialty chemicals, announced that it has signed an agreement to divest the Water Treatment business in Africa to AECI, domiciled in South Africa. The total consideration of the sale amounts to CHF 34 million in ...
Tags: Water Treatment Business, Clariant
United Dairy Power, an Australian milk supplier, is in talks with Origo Partners, a Beijing-based private equity firm, over a sale of the company for about $70m. Established in 1999, United Dairy operates two factories at Jervois and ...
Tags: Dairy, milk supplier
DONG Energy divests its sales business in the Netherlands Wednesday, Jan 22, 2014 DONG Energy today signed an agreement to divest its sale,s activities in the Netherlands – DONG Energy Sales B.V. – to Eneco. DONG Energy has ...
Tags: Done Energy, Northern Europe, Rotterdam, divestment
ARC Resources Ltd. ("ARC") announced today that it estimates fourth quarter production to be approximately 100,000 boe per day. This is record quarterly production volumes for ARC and is expected to contribute to record annual production of ...
Growing investor interest in the Australian processed food sector and divestments by large Australian food manufacturers are becoming more frequent. The recent drop in the Australian dollar and export market opportunities may be driving ...
Vale S. A. (Vale) informs that it had signed an agreement with an investment fund managed by Brookfield Asset Management (Brookfield) for the sale of 26.5% of Vale's stake in VLI S.A (VLI), an integrated general cargo logistics company ...
Tags: Vale SA
Brazil-based mining giant Vale announced that it has signed an agreement to sell its 26.5 percent stake in its logistics division Valor da Logistica Integrada (VLI) to an investment fund managed by Brookfield Asset Management for R$ 2 ...
Tags: mining
Singapore-based Petra Foods has filed a notice of arbitration with the Singapore International Arbitration Centre to resolve disputes in connection with the amended and restated sale and purchase agreement (SPA) dated 30 June 2013 with ...
Tags: Petra Foods, Cocoa
Arkema has announced a plan to divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited to South African company, Ferro Industrial Products Proprietary Limited. Ferro ...
Tags: Construction, Decoration
Wintershall, a 100% BASF subsidiary, is optimizing its portfolio through divesting its share in selected assets on the UK Continental Shelf. Through the transaction, the Hungarian MOL Group will acquire 14 licenses in the North Sea, ...
Following an announcement in June this year, AkzoNobel has agreed to the sale of 67 of its 72 German decorative paints stores to five independent wholesale distributors. Financial details were not disclosed. As a result of the ...
Tags: decoration, paints