AkzoNobel has finalized the divestment of its Building Adhesives business to Sika AG in a deal worth over $350 million Euro. The deal was first announced on Aug. 8. Under the terms of the deal, all of Building Adhesives' approximately 550 ...
Tags: Construction, Decoration, Building Adhesives
AkzoNobel intends to introduce a streamlined management structure and new operating model for its Decorative Paints business in order to accelerate profitable growth in Europe and the high growth markets. The planned changes represent the ...
Tags: AkzoNobel, Deco Business
On 30 September 2013, GPG announced the sale of its entire shareholding (33.6%) in TOWER Limited for £60.7million (NZ$118.3 million). TOWER Limited represented the last material investment for GPG (excluding Coats) and the imminent ...
JSW Steel has officially acquired HeidelbergCement India's grinding plant in Raigad, Maharashtra, for an undisclosed sum. The acquisition was initially announced in May 2013 and the two companies signed the Business Transfer Agreements on 5 ...
Tags: Grinding Plant, Construction, Decoration
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
Ahlstrom, a global high performance fiber-based materials company, announces its new strategic agenda and updates its long-term financial targets. During the last four years, Ahlstrom has undergone a major transformation as a company ...
Tags: fiber-based materials, Textile
Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
Pfleiderer Grajewo kept its revenues stable and posted an increase in almost all key earnings figures compared with the prior-year period between January and June 2013. This came despite the rather unfavourable market climate in Poland. ...
Tags: Construction, Decoration
Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
US-based Campbell Soup has announced that it is in final and exclusive negotiations for the potential divestment of its business in Europe to CVC Capital Partners (CVC), a leading UK-based private equity firm. Campbell Europe, ...
Tags: Campbell Soup, European Operations
In order to stimulate the sales of OLED TV, Samsung announced to cut the price of its 55-inch curved OLED (organic light emitting diode) TVs by 34%. In addition, the increasing market competition and failure in lawsuit lead to divestment of ...
PPG Industries, Inc. announced it has reached an agreement to divest its 51 percent interest in Transitions Optical to Essilor International, which currently holds a 49 percent interest in the venture. Transitions Optical is a global ...
Tags: PPG, Construction
Akzo Nobel N.V. reported a four percent decrease in revenues in the second quarter compared with the same period last year. The company reported that this was due to divestments and adverse currencies against a backdrop of continued ...
Tags: Akzonobel, Decorative Paints
Georg Fischer generated sales of CHF 1,837 million during the first half-year of 2013, slightly lower than in the previous year. Adjusted for currency effects, divestments and acquisitions, the figure is equivalent to last year?s first ...
Tags: Processing Machinery
For its fiscal fourth-quarter 2013 (ended 28 April), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $243.4m, up 2.1% on $238.4m the prior quarter. Fiscal Q4/2012 Q1/2013 ...
Tags: fiber-optic communications, Electrical, Electronics, subsystem