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Pioneer Foods to Acquire Stake in Cereal Maker Weetabix East Africa
Nov 22, 2016South African food company Pioneer Foods has announced that it would buy a 49.89% stake in major FMCG manufacturer Weetabix East Africa for an undisclosed amount. The acquisition is expected to establish a strategic beachhead for Pioneer ...
Tags: Pioneer Foods, Cereal
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Paulig Group to Acquire Majority Stake in Pulled Oats Maker Gold & Green Foods
Sep 6, 2016Global food company Paulig Group has acquired a major stake of 51% in Finland-based Gold&Green Foods for an undisclosed amount. Gold&Green Foods is the manufacturer of pulled oats, a food innovation product. The partnership between the ...
Tags: Paulig Group, Gold&Green Foods
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Gas Natural Fenosa Aims to Double Chile Gas Clients in 10 Years
Dec 16, 2015Gas Natural Fenosa plans to invest $1.1 billion over the next decade to double its number of clients at Chilean subsidiary Metrogas to 1.5 million, from around 700,000 currently, CEO Rafael Villaseca said Tuesday. During the first five ...
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Seoul Viosys Acquisition of SETi Approved by U.S. DOD
Nov 12, 2015Seoul Semiconductor affiliate’s acquisition proposal of Sensor Electronic Technology (SETi) has been approved by the U.S. Department of Defense, according to a report by The Korea Times. "Seoul Viosys, an affiliate of Seoul ...
Tags: Seoul Semiconductor, UV LED chips, Viosys
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Foresight Slowly Takes Next Steps to Reopen Deer Run Thermal Coal Mine
Nov 6, 2015Foresight Energy is slowly moving forward to return its idled Deer Run thermal coal longwall mine in Illinois to operation, although officials still did not know Thursday exactly when that return might occur. Mine rescue teams have ...
Tags: Foresight Energy, mine, coal
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Philips Makes Wise Move Selling Lumileds Stake
Apr 15, 2015Philips originally planned to spin off its wholly-owned subsidiary Lumileds and automobile lighting business to make them an independent company by the end of the first half 2015. But on March 31, Philips announced a deal to sell a 80.1% ...
Tags: Philips, Lumileds, automobile lighting
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Pioneer Foods to Buy More Assets in African Countries
Mar 20, 2015South African food company Pioneer Foods is planning to buy more assets in African countries following the acquisition of major stake in Nigerian firm Food Concepts. The South African firm, which recently completed the $7m purchase of ...
Tags: beverages, investments, Food
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Steinhoff Has Acquired Pepkor for R62.8 Billion
Dec 1, 2014Steinhoff International said it has acquired a major stake in apparel retailer, Pepkor for R62.8 billion, which gives the budget furniture firm entry in to Africa's fast-growing garment markets. The South African furniture maker purchased ...
Tags: garment markets, furniture maker, Apparel
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Alkhabeer Capital Acquired Majority Stake in UAE Packaging Provider EPIL
Dec 11, 2013Saudi Arabia-based Alkhabeer Capital has acquired majority stake in UAE-based corrugated and flexible packaging products provider Express Publishing and Investment (EPIL). With the transaction, the Saudi firm expects to expand value of ...
Tags: Packaging Firm, flexible packaging
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DSM Acquired 19% Stake in Yantai Andre Pectin
Oct 11, 2013Royal DSM, a life sciences and materials sciences firm based in the Netherlands, has acquired 19% stake in Yantai Andre Pectin, a China-based producer of texturing ingredients. Headquartered in Yantai, Shandong Province, Andre Pectin was ...
Tags: Royal DSM, Andre Pectin
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Whitworths Has Received a Big Cash Boost After Private Equity Firm
Sep 17, 2013Whitworths, the dried fruit, nut and seed supplier, has received a big cash boost after private equity firm Equistone Partners Europe Fund IV acquired a major stake in the Midlands-based firm. Equistone Partners investment will enable ...
Tags: Fruit, Nut, Agriculture, Food
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Apple May Acquire The Israeli Chip Design Company
Jul 19, 2013Apple may acquire the Israeli chip design company that provided the motion sensing technology used in Microsoft's popular Kinect video game controller, the Israeli business daily Calcalist reported today. In a Tuesday story, Calcalist ...
Tags: Apple
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Australian Stocks Are Weaker , Hitting an Eight-Week Low
May 30, 2013Australian stocks are weaker at noon, hitting an eight-week low following a sharp drop in business investment. The benchmark S&P/ASX200 index dropped to its lowest point since April 5 after official figures showed a 4.7 per cent ...
Tags: Stocks, Investment
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MetLife, Manulife Are Understood to Be The Potential Bidders to Acquire a Major Stake
May 10, 2013Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
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Sharemarket Closed Higher, with Investors Encouraged by Strength of Global Markets
Jan 30, 2013The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...