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Joint Ventures

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  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • April 1- Sears Holdings Corp said it would form a real estate investment trust, which will buy about 254 Sears and Kmart stores in a transaction valued at more than $2.5 billion. The newly formed REIT, Seritage Growth Properties, will launch a rights offering to partially fund the purchase of the stores. In a separate deal, Sears said it would form a joint venture with...

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream company Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, the two companies said on Tuesday. The terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will potentially...

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream giant Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, Keyera said in a statement on Tuesday. The new terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will...

  • DUBAI/ ABU DHABI, March 31- Tourism Development& Investment Co has delayed fundraising plans to build Abu Dhabi's largest shopping mall in collaboration with a unit of French luxury goods firm LVMH, three sources aware of the matter told Reuters. The move by the Abu Dhabi state-owned investment fund, coupled with management changes at the joint venture and lower...

  • March 31- Medical tests maker Quest Diagnostics Inc and contract research company Quintiles said they were combining their clinical trial laboratory operations in a joint venture. Quintiles will own 60 percent of the joint venture, with Quest owning the rest, the companies said on Tuesday. The companies did not disclose the financial terms of the deal.

  • PARIS, March 31- French car parts maker Faurecia announced a joint-venture deal with Dongfeng, the Chinese state-controlled automotive group, in a move designed to increase its presence in the world's biggest autos market. Faurecia, majority-owned by PSA Peugeot Citroen, said on Tuesday the venture would target sales of 2 billion euros to Dongfeng and its...

  • Faurecia forms joint venture with China's Dongfeng Tuesday, 31 Mar 2015 | 2:40 AM ET

    PARIS, March 31- France's Faurecia on Tuesday said it had agreed to form a joint-venture with Dongfeng Motor Corporation with the objective of generating annual sales of around 2 billion euros in the medium term.

  • MILAN, March 26- Italy's Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets. Saipem, 43 percent owned by Italian oil major Eni, has seen some 10 billion euros wiped off its market value over the past two years after two profit...

  • March 23- Tenet Healthcare Corp on Monday said it would become the largest U.S. provider of outpatient surgery services through a joint venture with United Surgical Partners International and expects to fully own the company within five years. Tenet, the third-largest U.S. hospital operator, said it will pay $425 million to private equity firm Welsh, Carson,...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • March 23- Hospital operator Tenet Healthcare Corp said it would form a joint venture with United Surgical Partners International in a cash and debt transaction valued at $1.93 billion to be the largest provider of ambulatory surgery in the United States. Dallas- based USPI is controlled by private equity firm Welsh, Carson, Anderson& Stowe.

  • Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their solar power-generating assets. First Solar's shares rose 10.4 percent, while SunPower's stock was up 11.8 percent in after-market trading on Monday. First Solar and SunPower said they intend to file with the U.S. Securities and Exchange...

  • Feb 23- First Solar Inc and SunPower Corp said they were in advanced talks to form a joint venture, which will hold some of their power-generating assets. The solar companies said they intend to file with the U.S. Securities and Exchange Commission for an initial public offering of limited partner interests in the "yield co.". First Solar's shares rose 10.4 percent,...

  • LONDON, Feb 11- SABMiller is exploring the possibility of snapping up a stake in Myanmar's biggest brewer, a deal that would make it the partner of a conglomerate with ties to the former ruling military, sources familiar with the matter say. The sources, who declined to be identified because the matter is private, said SABMiller was interested.

  • Germany cools to Russian investment Sunday, 28 Dec 2014 | 8:36 PM ET
    A giant sign for OAO Gazprom stands above a building in Moscow, Russia

    Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.

  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • SYDNEY, Dec 3- Australia's first initial public offering in a medicinal marijuana company is three times oversubscribed, giving high hopes to its founder's ambitions to become "the George Clooney of medicinal cannabis". Founder and executive director Ross Smith said investors- some from as far afield as Russia and the United States- have already asked for...

  • BERLIN, Nov 11- Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said. The setback to VW's ambitions in China, where it sells nearly 40 percent of its vehicles, comes as Beijing seeks to promote national champions...