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Siemens has identified as an important future market as the rapidly developing region is in need of efficient and cost-effective power generation technologies – an area in which the German engineering giant prides itself as a leading global supplier.
General Electric Co. is reportedly in talks to sell its railroad and locomotives business to rail-equipment manufacturer Wabtec Corp., according to multiple reports.Reuters reported Sunday that Boston-based GE (NYSE: GE) is close to a deal
The Detroit Medical Center (DMC) sold off its retail and outpatient pharmacy business to Walgreens, a unit of Walgreens Boots Alliance (NYSE: WBA), for an undisclosed amount, according to Crain’s Detroit Business. The deal includes seven specialty pharmacy sites and one mail-order service business.
BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the U.K. energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer get Alaskan assets, the Bloomberg reported citing people familiar with the matter.
Britain's competition regulator has confirmed it is investigating the planned merger between Sainsbury's and Asda. The Competition and Markets Authority (CMA) said it was inviting interested parties to comment on the impact of the deal ahead of a formal "phase one" inquiry.
Vodacom is poised to buy 49 percent of fibre-to-the-home provider Vumatel, TechCentral reported, citing industry sources. The news portal says that Dark Fibre Africa, in a deal possibly facilitated through its largest shareholder, Remgro, will acquire the remaining 51 percent of the company started by Niel Schoeman and Johan Pretorius.
The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month.
News Release BKD Acquires Portion of Grant Thorntons Wichita Operations Date: May 17, 2018 NATIONAL OFFICE BKD CEO Ted Dickman is pleased to announce that BKD will acquire a portion of the Wichita audit and tax practices at Grant Thornton LLP, effective June 1, 2018.
After US retail giant Walmart picked up a 77% stake in India's largest e-commerce firm Flipkart, its rival Amazon is now scouting for partners in India's offline space. Global e-commerce giant Amazon has started preliminary discussions with Indian supermarket, hypermarket and retail companies to buy a stake in any one of these firms, reports Business Standard .
PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2 billion USD. The acquisition of iZettle significantly expands PayPal’s in-store presence, strengthening PayPal’s platform to help millions of small businesses around the world grow and thrive in an omnichannel retail environment.
Walmart Canada says it has reached a deal to sell its banking operations to a U.S. investment firm and a Canadian financier. In a statement, the retail giant says it will sell Walmart Canada Bank to Centerbridge Partners LP and Stephen Smith.
KP Snacks has agreed to acquire premium crisp brand Tyrrells from US confectionery giant The Hershey Company for an undisclosed sum, less than a year after owner Amplify Snacks Brand’s sale to the chocolate maker. The sales included Tyrrells’ head office and two manufacturing sites in the UK, its US manufacturing capabilities and its subsidiaries – the Aroma Snacks business in Germany and Yarra Valley Snack Foods in Australia.
The Detroit Medical Center has sold its retail and outpatient pharmacies to Walgreens Co. as part of a pharmacy reorganization. The deal encompasses seven specialty pharmacy sites and one mail-order service business, Crain's has learned. Terms were not announced.
Algeria’s state-owned Sonatrach has signed an agreement with ExxonMobil Corp.
GE will buy Alstom’s stakes in three energy joint ventures (JVs) the companies formed when GE acquired Alstom’s energy business nearly three years ago. Alstom and GE on May 4 signed an agreement that essentially sets out a plan for Alstom to exercise put options on JVs it formed with GE pertaining to their renewables and grid businesses this September.
Biscuit International has bought Northumbrian Fine Foods (NFF) from CriSeren Foods in a move designed to boost business for both processors in gluten-free and milk-free biscuits. In a statement sent to Food Manufacture, Biscuit International said: “BI has plans to make a number of investments in NFF to support the future growth of the business.
Some observers flinched when Verizon said it doesn’t care about the pending merger of T-Mobile and Sprint, but AT&T CEO John Donovan offered a more nuanced and optimistic explanation of the same sentiment: 5G has created opportunities for all of the industry’s top players to compete in different ways that are positive for consumers.
A shareholder "no" vote is strong but institutions must now join the vote against the deal. As the road show for the Rite Aid (RAD) and Albertsons gets underway, shareholders must first score a win in court over appraisal rights.
Albertsons Cos. and Rite Aid Corp. on Tuesday hosted a joint analyst event to discuss the strategic and financial benefits of the proposed merger transaction between the two companies, which will be called Albertsons Inc. once the deal is finalized following a shareholders vote.
Walmart faces competitive pressure from Amazon, looks to Flipkart to help them gain some ground. Amazon has become a giant player in the food industry. Its purchase of Whole Foods last year proved that not only is Amazon here to stay, but that it was serious about making a shift into both brick-and-mortar assets and the grocery industry.
NorthMarq Capital has arranged a $13.4 million loan for the acquisition of three Walgreens properties located in Texas and Ohio. Steve Hollister of NorthMarq’s San Diego office arranged the five-year, fixed-rate loan with a 25-year amortization schedule on behalf of the undisclosed borrower.
Global electrical engineering giants, China Power and General Electric (GE) of the United States have launched a joint bid for a contract to construct the 2, 400 megawatt Batoka Gorge hydropower project being co-developed by Zambia and Zimbabwe.
The Sainsbury’s-Asda merger is a perfect illustration of the accelerating race to the bottom in the grocery retail sector. It was a bombshell, and unless the rules – on competition, planning, environment and worker and consumer protection – are greatly enhanced and effectively applied, a significant part of society is likely to be badly hurt by this ‘mega merger’.
PARIS/ZURICH (Reuters) - French payments company Worldline (WLN.PA) will buy the payments unit of Swiss stock exchange operator SIX Group in a $2.75 billion deal, in the latest example of consolidation within the sector, as financial sector companies seek to benefit from the shift towards electronic and online payments.
Chennai: Federation of Traders' Association president T. Vellaiyan on Monday urged the Centre to stop the Walmart-Flipkart merger and threatened agitation if this is not done. "When we raised protest against the Walmart plan to set up shops in Tamil Nadu during the Jayalalithaa regime, she ensured that Walmart was not permitted to do business in the state and thereby protected our business interests.