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UPDATE 2-Germany's JAB to buy Douwe Egberts firm in $9.8 bln deal

2013-04-12 12:05:29| Food - Topix.net

German investor Joh A Benckiser is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro deal to create a global hot drinks empire aimed at taking on market leaders Nestle and Mondelez.

Tags: buy update deal firm

 

RCom to sell 80% of Globalcom for INR 60 bln - report

2013-04-08 13:17:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Communications (RCom) will sell an 80 percent stake in its international subsidiary Reliance Globalcom to a consortium led by Bahrain's Batelco for around INR 60 billion, reports The Times of India citing unnamed sources familiar with the matter. RCom confirmed last month it was in talks with Batelco on a possible deal. According to the report, RCom would retain a 20 percent share in the company for the first year, after which it would have the option to sell that as well. The paper's sources said this was to ensure continuity at the network operations centre in Navi Mumbai. Reliance Group officials declined comment. The deal with Batelco and a consortium of private equity groups is expected to be in place by the end of May.

Tags: report sell inr bln

 
 

Tele2 to sell Russian operations for USD 2.4 bln

2013-03-28 08:43:00| Telecompaper Headlines

(Telecompaper) Tele2 has agreed to sell its mobile operations in Russia to the bank VTB for USD 2.4 billion plus USD 1.15 billion in net debt. The deal values Tele2 Russia, the fourth-largest mobile operator in Russia with almost 23 million customers, at 4.9 times EBITDA for 2012. Tele2 said it expects a capital gain of SEK 15.6 billion on the sale, of which SEK 12.5 billion or SEK 28 per share will be distributed to shareholders. The remainder will be re-invested in its business, with a renewed focus on the markets Sweden, the Netherlands, Norway and Kazakhstan. VTB said it sees the takeover as a good financial investment, and it will seek financial and strategic partners to further develop the company. Bloomberg reports that Russian telecoms investor Alfa, which controls rival mobile operator Vimpelcom, has already expressed interest in taking over Tele2 Russia for USD 3.6-4.0 billion.

Tags: sell operations russian usd

 

Monsanto, DuPont strike $1.75 bln licensing deal, end lawsuits

2013-03-27 23:05:05| Chemicals - Topix.net

The former Genencor plant at 1000 41st Avenue Dr. SW in Cedar Rapids has become part of DuPont Industrial Bioscienses, following DuPont's May 2011 acquisition of Danisco, Danish corporate parent of Genencor.

Tags: end deal strike licensing

 

China needs $243 bln a year low-carbon investment by 2020-report

2013-03-26 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China will have to raise up to $243 billion a year by 2020 to finance clean energy development, said a report commissioned by Beijing which will be presented to the government this month. Premier Li Keqiang this month pledged more action in tackling China's heavy pollution which sparked public anger this winter. Last year, China accounted for one quarter of world investment in renewable energy. It invested a record $67.7 billion in clean energy - 20 percent more than in 2011 - in a year when...

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