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Shell to Sell Stake in Tongyi Lubricants to Huo's Group and The Carlyle Group
Dec 9, 2016Tongyi, a joint venture between Shell and Huo’s Group, is a prominent Chinese lubricant supplier with blending plants in Beijing, Xianyang of Shaanxi province and Wuxi of Jiangsu province. Shell acquired its 75% stake from Huo’s ...
Tags: Shell, Huo's Group, lubricant
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Shell to Sell Its Shareholding in Showa Shell to Idemitsu
Dec 9, 2016“The sale is consistent with Shell’s strategy to concentrate its Downstream footprint on a smaller number of assets and markets where it can be most competitive,” said John Abbott, Shell Downstream Director. ...
Tags: Shell, Idemitsu, shareholding
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6 April 2016 Sale of 40% Stake in Glencore Agricultural Products and Creation of Long-Term Partnership with CPPIB
Oct 27, 2016Sale of 40% stake in Glencore Agricultural Products and creation of long-term partnership with CPPIB Glencore plc (“Glencore”) is pleased to announce that it has entered into a definitive agreement with Canada Pension Plan ...
Tags: Agricultural Products, Glencore
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Constellation Brands to Sell Canadian Wine Business for $786m
Oct 24, 2016Constellation Brands has agreed to sell its Canadian wine business to Ontario Teachers' Pension Plan for about C$1.03bn ($786m). The sale includes Jackson-Triggs and Inniskillin wine brands and wineries, as well as Wine Rack retail ...
Tags: Constellation, Wines
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US Foods to Buy Italian Specialty Distributor Jeraci Foods
Oct 11, 2016US Foods has entered into an agreement to acquire specialty foods distributor Jeraci Foods to expand its reach in the Italian independent restaurant and pizzeria sectors. However, the terms of the transaction were not disclosed. Based ...
Tags: US Foods, Jeraci Foods, acquisition
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Tequila Producer Jose Cuervo Files for IPO in Mexico
Oct 8, 2016Tequila giant Jose Cuervo has filed for an initial public offering (IPO) on the Mexico stock exchange, with plans to raise about $1bn. The company revealed that the stock sale will be handled on its behalf by the local units of Morgan ...
Tags: Jose Cuervo, IPO, Mexico stock exchange
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Shell Agrees to Sell Its Shareholding in The Shell Refining Company in Malaysia to Malaysia Hengyuan International Limited (Mhil)
Sep 28, 2016Shell has reached a conditional agreement with Malaysia Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. It is MHIL’s intention for SRC to ...
Tags: SRC, shareholding, MHIL, conditional agreement
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Multi Packaging Solutions Announces Fourth Quarter Results
Aug 25, 2016Multi Packaging Solutions International, a global leader in value-added print and packaging solutions for the branded consumer, healthcare, and multi-media markets, announced results for 4Q and Fiscal Year 2016. 4Q FY 2016 vs 4Q FY 2015: ...
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Glencore to Sell 40% Stake in Agribusiness for $2.5bn
Apr 11, 2016Commodities trading company Glencore has entered into definitive agreement with Canada Pension Plan Investment Board (CPPIB) to sell 40% equity interest of Glencore Agricultural Products for $2.5bn in cash transaction. Glencore's ...
Tags: Glencore, Canada Pension Investment Board, CPPIB, Agricultural Products
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Refresco Gerber to Acquire Pepsico Bottling Facility in Germany
Mar 2, 2016European bottler of soft drinks and fruit juices, Refresco Gerber has signed an agreement to acquire the bottling facility in Hamburg, Germany from food and beverage company PepsiCo in a bid to strengthen its co-bottling activities. The ...
Tags: Refresco Gerber, soft drinks, fruit juices
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US Foods Plans to Raise $100m Through IPO
Feb 15, 2016US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service
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Crown Asia Chemicals Invests in New Machinery to Increase Plastic Compounding Capacity
Feb 9, 2016Crown Asia Chemicals has reportedly invested in new equipment to increase plastic compounding capacity in Philippines by around 10%. The company equipped its facility in Guiguinto, Bulacan with a new polyvinyl chloride (PVC) compounding ...
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Cree Posts Losses Due to LED Business Restructure
Nov 12, 2015Cree, a market leader in LED lighting, announced revenue of US $382 million for its fourth quarter of fiscal 2015, ended June 28, 2015. This represents a 12% decrease compared to revenue of $436 million reported for the fourth quarter of ...
Tags: Cree, LED lighting, Business Restructure
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Ardagh Delays IPO for Metal Can Packaging Business
Nov 4, 2015Luxembourg-based glass and metal products firm Ardagh Group is delaying its previously planned initial public offering (IPO) for its wholly-owned subsidiary Oressa citing challenging IPO market conditions. Announced in June this year to ...
Tags: glass, metal products, metal can packaging
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Cree Co-founder on RF and Power Business New Brand Identity and Market Trends
Oct 14, 2015Leading U.S. LED manufacturer Cree announced earlier this month, it will be rebranding its power and RF business as Wolfspeed. In an exclusive interview with LEDinside analyst and assistant manager Joanne Wu, Cree co-founder and CTO John ...
Tags: Cree, Wolfspeed, RF and power business, Market Branding