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Payday lender agrees to refund 1.7m

2015-11-04 12:15:45| BBC News | Business | UK Edition

The payday loan company behind Quick Quid and Pounds to Pocket agrees to refund customers who were able to take out loans they could not afford.

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Tele2 agrees Kazakhstan joint venture with Altel

2015-11-04 08:36:00| Telecompaper Headlines

(Telecompaper) Tele2 announced an agreement to merge its mobile business in Kazakhstan with Altel, the mobile operator owned by Kazakhtelecom. The new business will have more than 5.6 million subscribers and a market share of around 22 percent. In addition, Tele2 will benefit from Altel's roll-out of a 4G network. Tele2 and Kazakhtelecom will own respectively 51 and 49 percent of the voting rights and 49 and 51 percent economic interests in the joint venture. Tele2 will retain management control. As part of the transaction, Tele2 will purchase Asianet's 49 percent stake in Tele2 Kazakhstan for an upfront consideration of SEK 128 million (USD 15 million) and a future earn-out equivalent to an 18 percent economic interest in the joint venture. This will give Tele2 a fully diluted economic interest of 31 percent, taking account of Asianet's earn-out.

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TreeHouse Foods agrees to acquire ConAgra Foods ailing private-label unit for $2.7bn

2015-11-04 01:00:00| Food Processing Technology

TreeHouse Foods has signed a definitive agreement to acquire ConAgra Foods' private-label operations for around $2.7bn in cash.

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Volkswagen Group CEO Müller agrees on strategic partnership with leading China bank

2015-10-31 12:55:31| Green Car Congress

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Snyder's-Lance agrees to acquire Diamond Foods for $1.91bn

2015-10-29 01:00:00| Food Processing Technology

Snyder's-Lance has signed a definitive agreement to purchase Diamond Foods in a combination of cash-and-stock transaction of approximately $1.91bn, which also includes a debt of approximately $640m.

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