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Diageo Seeks to Raise Stake in China's Sichuan Shuijingfang

Jun 29, 2018

UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...

Tags: Diageo, drinks

Saudi Arabia's NADEC to Acquire Al Safi Danone

Mar 27, 2018

National Agricultural Development Company (NADEC) has agreed to acquire 100% of Al Safi Danone (ASD) for an undisclosed price to consolidate its position in Saudi Arabian dairy market. ASD is a joint venture between the Saudi Arabia-based ...

Tags: NADEC, ASD

Delphi Board Approves Delphi Technologies Spin-off

Nov 15, 2017

Delphi Automotive's board has approved a new powertrain spin-off into a publicly traded company, Delphi Technologies. The record date will be as of the close of trading (New York City time) on Nov. 22, 2017, and the distribution date will ...

Tags: Delphi Automotive

Pioneer Foods to Buy Kraft Heinz South African JV Stake

Nov 9, 2017

Pioneer Food will acquire full ownership of Heinz Foods South Africa (Heinz Foods SA) by purchasing the remaining 50.1% stake in the joint venture (JV) from Kraft Heinz Company’s subsidiary Heinz SA. Financial terms of the ...

Tags: Pioneer Food, Heinz Foods

Mars Food Acquires Preferred Brands International

Nov 6, 2017

Mars Food has completed the acquisition of Connecticut-based Preferred Brands International, a manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold mainly under the Tasty Bite brand. Preferred Brands ...

Tags: Mars Food, food products

Iberdrola Will Add Another 600mw of Renewable Energy in US Before The End of The Year

Aug 15, 2017

Iberdrola, through its American subsidiary AVANGRID Renewables, is currently building four wind farms and a photovoltaic plant in the USA, which will add almost 600 megawatts (MW) of capacity expected to be commissioned before the end of ...

Tags: Iberdrola, Renewable Energy

Ardagh's Revenue Increases 58% in Q2

Aug 2, 2017

Irish glass and metal packaging group Ardagh stated that its revenue has increased 58% to €2.02bn for the second quarter of this year, when compared to €1.3bn for the same period in 2016. Adjusted earnings before interest, ...

Tags: metal packaging

Anhui Shanying Paper to Acquire Nordic Paper

Jul 25, 2017

Chinese paper and pulp company Anhui Shanying Paper Industry has agreed to acquire Swedish firm Nordic Paper from Special Situation Venture Partner lll and Petek. Special Situation Venture Partner lll and Petek, each hold 60% and 40% ...

Tags: Nordic Paper, Anhui Shanying Paper

Tyson Foods Completes $4.2bn Acquisition of Advancepierre

Jun 12, 2017

Tyson Foods has completed the acquisition of AdvancePierre Foods, a provider of ready-to-eat sandwiches, snacks and other food products, for about $4.2bn. The acquisition to expands its Tyson Foods’ portfolio of prepared foods and ...

Tags: Tyson Foods, sandwiches, snacks

China's Yili Plans $850m Bid for Danone's Stonyfield Yogurt Business

May 16, 2017

Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...

Tags: Yogurt, dairy

High Liner Foods to Acquire US Shrimp Importer Rubicon

May 12, 2017

Canada-based High Liner Foods has agreed to acquire Rubicon Resources, an American seafood importer, for about $107m in a cash-cum-stock deal. Rubicon primarily imports frozen shrimp products that are sustainably sourced and distributes ...

Tags: High Liner Foods, Shrimp

China's Growth Enterprises Post Strong Profit Rise

Mar 2, 2017

Enterprises listed on China's NASDAQ-style board witnessed robust net profit growth in 2016, evidence of ongoing industrial upgrading and economic restructuring. Combined business revenue of 603 growth enterprises listed on the board ...

Tags: industrial upgrading, economic restructuring

China's Latest Five-Year Plan Could Be Its Last

Feb 24, 2017

The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...

Tags: five-year plan, political economy

China Lowers Insurance Firm's Caps in Stocks

Feb 2, 2017

China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...

Tags: Insurance, Stocks

Lite-on SSD Shipments Affected by Memory Chips

Jan 21, 2017

Sales of SSD products by Lite-On Technology in the first quarter of 2017 are expected to be affected by a tight supply of memory products, according to a Chinese-language Economic Daily News (EDN) report, citing company CEO Warrant Chen. ...

Tags: SSD, memory products

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