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Capital Markets Day 2016: Re-Shaping Shell to Create a World Class Investment Case
Sep 28, 2016Responding to the changing landscape by re-shaping Shell Setting out an agenda for 2020 and beyond: grow free cash flow per share and returns Taking action to manage the down-cycle: delivering on lower costs, lower and more ...
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Hansol Paper Plans to Reduce Debt for New Investment
Aug 3, 2016South Korea’s paper manufacturer Hansol Paper will speed up deleveraging effort to improve financial state that includes rights offering to be able to afford to venture into new areas for growth. Debts shot up as the company shifted ...
Tags: Hansol Paper, Paper
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PSG Swings to a Fiscal Q3 Loss on Retailer Bankruptcies
Apr 19, 2016Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
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ConAgra Foods to Sell Private Label Operations to TreeHouse Foods for $2.7bn
Nov 5, 2015US-based packaged food company ConAgra Foods has signed an agreement to sell its private label operations to TreeHouse Foods for $2.7bn in cash, which excludes transaction expenses. Under the agreement terms, ConAgra Foods will sell ...
Tags: ConAgra Foods, TreeHouse Foods
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Sonoco Reports Third Quarter 2015 Results
Oct 26, 2015Sonoco, one of the largest diversified global packaging companies, today reported consolidated financial results for its third quarter, ending 27 September 2015. Sonoco president and CEO Jack Sanders said: "We are encouraged by the ...
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Prabhat Dairy to Allocate $27.9m to Pare Down Debt
Sep 1, 2015India-based dairy company Prabhat is planning to improve its net profit in 2015-16 by using INR1.85bn ($27.9m) out of its INR3bn ($45m) public issue to reduce debt. The company, which recently ventured into value-added products such as ...
Tags: condensed milk, milk powders
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Olam to Acquire Global Cocoa Business of Archer Daniels Midland Company for $1.3bn
Dec 17, 2014Singapore’s Olam International has agreed to acquire the global cocoa business of Archer Daniels Midland Company, in a $1.3bn deal. This new development is expected to enhance Olam's chocolate and cocoa businesses, in an effort ...
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Diageo Has Reached an Agreement to Sell Bushmills to Jose Cuervo Overseas
Nov 25, 2014Diageo pursues tequila, drops whiskey Global alcoholic beverages giant Diageo has announced an agreement with distiller Casa Cuervo to acquire full global ownership and control of tequila brand Tequila Don Julio. In return, Diageo has ...
Tags: Tequila, Whiskey, Agriculture
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Cascades Has Signed an Agreement to Sell Its Fine Papers Activities for Around $39.5m
Jul 25, 2014Green packaging and tissue paper products manufacturer Cascades has signed an agreement with H.I.G Capital subsidiary Rolland Enterprises to sell its fine papers activities for around $39.5m. The divestment includes Rolland Division and ...
Tags: Cascades, Rolland Enterprises, Packaging
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London Mining Is Seeking a Strategic Partner for Its Marampa Iron Ore Project
May 14, 2014UK-based London Mining, a global diversified miner targeting the steel sector, has announced that it is seeking a strategic partner for its Marampa iron ore project located in Sierra Leone. In view of ongoing pricing volatility and the ...
Tags: London Mining, Marampa Project
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London Mining Produced 900,000 Mt of Iron Ore From The Marampa Operation in Sierra Leone
May 14, 2014Diversified iron ore developer London Mining said Monday it produced 900,000 mt of iron ore from the Marampa operation in Sierra Leone in the first quarter, up 17% from Q4 2013, while it looked for a minority investor to help it cope with ...
Tags: Iron Ore, London Mining
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London Mining Produced 900,000 Wet Mt of Iron Ore Concentrate
May 13, 2014UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the first quarter of the current year. In the first quarter, London Mining produced 900,000 wet mt of iron ore ...
Tags: London Mining, steel sector
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Korea Had Sold 5% of Stake in LNG Canada to Shell as Part of Efforts to Reduce Its Debts
May 6, 2014South Korea's state-owned Korea Gas Corp said Friday it had sold 5% of its stake in LNG Canada to Shell as part of efforts to reduce its debts. "Kogas' subsidiary Kogas Canada LNG Ltd. has transferred 5% of its stake in LNG Canada to ...
Tags: Gas, LNG Canada
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How Might Lion's Next Moves Affect The Australian Dairy Industry
Feb 7, 2014January 29, 2014 How might Lion's next moves affect the Australian dairy industry Food and beverage company Lion has announced that it does not currently intend to sell its shareholding in Victorian dairy company Warrnambool Cheese and ...
Tags: WCB, Lion, Japan K.K, Warrnambool Cheese
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YRC Has Reached an Agreement with Some of Its Creditors to Reduce Its Debt
Dec 27, 2013YRC Worldwide Inc. has reached an agreement with some of its creditors to reduce its debt by about $300 million, a move the carrier said is a key to obtaining new concessions from the Teamsters union. As a result of the agreement, YRC's ...
Tags: YRC Worldwide, Teamsters union, reduce debt