SEOUL, March 6- South Korea plans to ease rules to make mergers and acquisitions easier for private equity firms and local companies in a bid to facilitate the sale of an estimated 10 trillion won in assets of cash-strapped local conglomerates.» Read More
*ThyssenKrupp CEO to face shareholders at AGM on Jan. 17. FRANKFURT, Jan 12- Three years after taking the helm at ThyssenKrupp, Heinrich Hiesinger is running out of time to implement his ambitious plan to retool the 200- year-old German steelmaker as a high-tech engineering conglomerate.
*Ahmed al-Qassim named Dubai Group CEO- sources. DUBAI, Jan 9- Dubai Group, a conglomerate in the midst of a $10 billion debt restructuring, has appointed as its chief executive Ahmed al-Qassim, who previously worked at its biggest creditor, three sources aware of the matter told Reuters.
RIO DE JANEIRO, Dec 26- Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken another step toward emerging from Latin America's largest-ever bankruptcy with a deal to swap Oleo e Gas debt for stock.
*Sale of TCI for $7.8 billion was Iran's largest privatisation. Dec 24- In the fall of 2009, two of Iran's most powerful entities teamed up to participate in the largest deal in the history of the country's stock exchange.
Private equity firm Carlyle Group is nearing an agreement to acquire a Johnson & Johnson unit, people familiar with the matter said.
NEW YORK, Dec 18- General Electric Co expects profit from aviation, healthcare and other industrial units to rise at least 10 percent next year, the conglomerate said on Wednesday, adding it plans aggressive investments in manufacturing while shrinking its finance arm.
Dec 18- An Iranian businessman linked to a sprawling conglomerate controlled by Iran's supreme leader is wanted by the United States for allegedly trying to purchase hundreds of American-made assault rifles to smuggle into Iran. He was convicted there in June of attempted arms trafficking and attempting to violate sanctions on Iran.
The U.S. manufacturing conglomerate expects sales of $40.3 billion- $40.7 billion in 2014. Analysts on average expected revenue of $41.1 billion, according to Thomson Reuters I/B/E/S.
JOHANNESBURG, Dec 17- Chile's CFR Pharmaceuticals has accused South Africa's state pension fund of protectionism for opposing its $1.2 billion bid for drugmaker Adcock Ingram, a sensitive charge in a country keen to attract capital but wary of foreign takeovers.
NEW YORK, Dec 15- As a historic oil and gas boom transforms the U.S. energy sector, Wall Street is losing the battle to remain the partner of choice for energy producers and major consumers seeking to protect themselves against volatile prices.
JOHANNESBURG, Dec 15- South Africa's state pension fund on Sunday rejected a sweetened offer for drugmaker Adcock Ingram, likely derailing a $1.2 billion bid by Chile's CFR Pharmaceuticals to enter fast-growing Africa.
JOHANNESBURG, Dec 13- Chile's CFR Pharmaceuticals has raised its takeover offer for South African drugmaker Adcock Ingram by 1.6 percent to 12.8 billion rand in cash and stock, in an attempt to win over Adcock's top shareholder.
JOHANNESBURG, Dec 13- Chile's CFR Pharmaceuticals slightly sweetened its takeover offer for South African drugmaker Adcock Ingram to 12.8 billion rand in cash and stock on Friday, an attempt to win backing from the top shareholder.
After a two-year investigation, a executive working for a Chinese conglomerate was arrested on charges of stealing inbred corn seed from production fields in Iowa and Illinois and trying to smuggle it into China, U.S.
After a two-year investigation, a man working for a Chinese conglomerate was arrested on charges of stealing inbred corn seed from production fields in Iowa and Illinois and trying to smuggle it into China, U.S.
DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.
*Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.
NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.
NEW YORK, Nov 25- At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works Inc, in a deal that could fetch more than $3 billion, according to people familiar with the matter.
NEW YORK, Nov 21- The U.S. corporate tax rate should be lowered to encourage competitiveness with rivals around the globe, the chief executive of conglomerate Honeywell said on Thursday, days after a U.S. senator proposed sweeping changes to the tax code.