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Joint Ventures

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  • NEW YORK, March 17- American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.

  • Nissan and Daimler sign Mexico venture plan - source Friday, 14 Mar 2014 | 3:00 PM ET

    PARIS, March 14- Nissan and Daimler have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday.

  • DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.

  • MEXICO CITY, Feb 18- Mexico's state-owned oil giant Pemex is looking for joint venture partners to tap mature onshore and offshore oil deposits and aims to keep the lion's share, but not all, of its explored deepwater fields, Chief Executive Officer Emilio Lozoya said Tuesday.

  • BISHKEK, Feb 6- Kyrgyzstan's parliament on Thursday gave the government up to four months to finalize a draft deal with Canada's Centerra Gold on forming a 50-50 joint venture to run the country's Kumtor gold mine.

  • Jan 22- Freeport McMoRan Copper& Gold Inc said on Wednesday it would "defend its rights" in Indonesia against a new export tax it said contravenes its agreement with the government, as it reported a drop in fourth-quarter earnings.

  • STOCKHOLM, Jan 22- World number two truck maker Volvo has received the first approval by a Chinese authority for its planned joint venture with Dongfeng Motor Group.

  • UPDATE 1-AOL surrenders control of Patch in joint venture Wednesday, 15 Jan 2014 | 5:59 PM ET

    AOL will transfer Patch to a new limited liability company run by Hale Global. AOL will retain a minority interest. The partnership is the latest chapter in the history of Patch, a network of more than 900 websites covering events and news in communities such as Montclair, New Jersey and Malibu, California that AOL Chief Executive Tim Armstrong helped start.

  • AOL surrenders control of troubled local websites Patch Wednesday, 15 Jan 2014 | 4:36 PM ET

    In a joint venture, AOL will transfer Patch to a new limited liability company which will be run by Hale Global will. AOL will retain a minority interest. AOL said the deal was not financially material.

  • TOKYO/ HONG KONG, Jan 16- A joint venture between U.S. investment bank Morgan Stanley and Japan's Mitsubishi UFJ Financial Group, which suffered from a culture clash in its early stages, looks to have found its footing.

  • Jan 9- Alcoa Inc and a joint venture it controls have agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.

  • SINGAPORE, Jan 9- Singapore Airlines has chosen Airbus's A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over rival Boeing as the airline market Asia's third biggest economy shows signs of a revival.

  • SINGAPORE, Jan 9- Singapore Airlines' new Indian joint venture with Tata Sons has chosen Airbus A320 aircraft over Boeing's 737 to launch its operations in the country, sources familiar with the decision said. A project team set up by Singapore Airlines evaluated both aircraft and decided to go with the European plane, the two sources said.

  • Dec 30- Packaged foods company Mondelez International Inc has sold its SnackWell's cookies and snacks business to its joint venture with Brynwood Partners VI LP, the private equity firm said on Monday.

  • UPDATE 2-Uralkali says open to new trading joint venture Thursday, 19 Dec 2013 | 11:08 AM ET

    *Says too early to comment on alliance with Belarus. MOSCOW, Dec 19- Russia's Uralkali, the world's biggest potash producer, would consider new trading joint ventures to replace a partnership it broke off with Belarus, and does not rule out a revival of the venture with Minsk, it said on Thursday.

  • LONDON, Dec 19- AstraZeneca has agreed to buy Bristol-Myers Squibb's stake in the companies' diabetes joint venture for up to $4.1 billion in a deal that will help return the group to growth, sending its shares to an new high.

  • MUMBAI/ NEW DELHI, Dec 17- Britain's Tesco Plc is set to become the first foreign supermarket to venture into India's $500 billion retail sector after announcing on Tuesday it had applied to buy a 50 percent stake in Tata Group's Trent Hypermarket Ltd..

  • BEIJING/ SHANGHAI, Dec 16- Renault SA clinched full access to China's auto market on Monday by sealing a joint venture agreement with state-owned Dongfeng Motor Group in Wuhan, a city fast shaping up as China's own Detroit. The deal allows Renault to fully tap demand in China, something it has been unable to do until now because of the lack of a strong local partner.

  • BEIJING/ SHANGHAI, Dec 16- Renault SA clinched full access to China's auto market on Monday by sealing a joint venture agreement with state-owned Dongfeng Motor Group in Wuhan, a city fast shaping up as China's own Detroit. The deal allows Renault to fully tap demand in China, something it has been unable to do until now because of the lack of a strong local partner.

  • Dec 10- Pharmacy chain CVS Caremark Corp and pharmaceutical distributor Cardinal Health Inc said on Tuesday they would form the largest U.S. generic drug sourcing operation in a 10- year agreement to serve the world's biggest market for generic drugs. The 50-50 joint venture will be operational as soon as July 1, 2014.

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