Joint Ventures
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Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.
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Mitsui, Mitsubishi and Nippon Yusen reached a joint venture agreement with the U.S. firm Sempra Energy. The project, estimated to cost $10 billion, plans to produce 12 million tons of liquefied natural gas a year by 2017, or equivalent to 10% of annual Japanese demand. The Nikkei's Sachiko Kishida reports.
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FRANKFURT, May 14- Ford Sollers, the Russian joint venture of U.S. carmaker Ford Motor Co, will build the EcoSport in Russia next year, at a time when the market for small SUVs is gaining traction in the country, Ford officials said on Tuesday. Ford Sollers broke ground on a $274 million powertrain plant in Russia on Tuesday.
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BRUSSELS, May 7- Belgium's Solvay took a first step towards casting off its PVC business by agreeing a joint venture with privately-hold INEOS, which will ultimately take full control of the unit.
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BRUSSELS, May 7- Belgian chemicals and plastics maker Solvay plans to exit its European PVC business through the formation of a joint venture with chemicals peer INEOS and the subsequent full sale of operations in four to six years.
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BRUSSELS, May 7- Brussels- based chemicals and plastics maker Solvay and chemicals group INEOS will combine their European PVC plastics operations in a joint venture with sales of some 4.3 billion euros, the two companies said on Tuesday.
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May 6- Blueknight Energy Partners LP, a midstream oil company controlled by global oil trader Vitol SA, said it will form a joint venture with Silverado Pipeline LLC to develop and reactivate a 200- mile crude oil pipeline between Longview and Houston.
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May 6- RioCan Real Estate Investment Trust:. *Announces dissolution of joint venture agreement with Retail Properties of. eight Retail assets in Texas from 80% to 100%.
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CAIRO, May 1- EFG Hermes, the Middle East's top investment bank, said on Wednesday the long-stop date for completion of its deal with Qatari investment company QInvest had passed without approval by Egypt's financial regulator, and so the joint venture would automatically end.
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DUBAI, May 1- The Meydan Group and the Sobha Group, two conglomerates in Dubai, said on Wednesday they had agreed to form a joint venture to develop a major leisure, retail and residential complex adjacent to the city's downtown area.
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DUBAI, April 30- Royal Dutch Shell will form a joint venture with the Abu Dhabi National Oil Company to develop the emirate's Bab sour gas reservoirs, a venture in which the Anglo-Dutch firm will take 40 percent.
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April 29- Iridium Communications Inc:. *Joint venture, aireon, signs long-term data services contract with NAV Canada. *Says aireon will provide space-based air traffic monitoring services as new.
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April 29- Chindex International Inc:. *Total acquisition price by all buyers for Alma would be about $240 million. *Chindex Medical Limited agreed to acquire about 36.17% of Alma lasers for about $53.5 million.
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Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid.
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Major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications.
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LONDON, April 29- Pinewood Shepperton PLC:. *J/v will work to develop 288 acres of land south of Atlanta, into world class. *Trading for the financial year ended 31 March 2013 was in line with.
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*Poland fears Ukraine being sidelined by Russia's plans* CEO says decision not based on merits of her work. fired its chief executive on Monday after she failed to stop a joint venture with Russia's Gazprom from opening the way for a new Russian pipeline cutting out Poland's ally Ukraine.
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SYDNEY, April 29- Aquila Resources on Monday suffered a set back to its plans to raise capital via asset sales to help fund a A $7.4 billion Australian iron ore project after Sumitomo Corp pulled out of a coal exploration partnership.
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Their comments followed a Reuters report on Wednesday that Verizon had hired advisers to prepare a possible $100 billion bid to buy Vodafone's 45 percent stake in their Verizon Wireless joint venture, likely to be structured as a roughly 50:50 cash and stock bid.
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Hector Forsythe from Oriel Securities, who has an "add" rating on the shares, says that although the deal is not very big, it sends an important signal about where Capita fits into government plans to contract with the private sector. Capita remains well respected among investors, outperforming the FTSE 100.
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LONDON, April 26- Capita PLC:. *Form a joint venture company with the cabinet office. *Cash payment of 10 M and three deferred cash payments of 9.4 M over first.