Industrial Conglomerates


  • *22 euros a share Fosun bid one euro higher than Bonomi's. PARIS, Sept 12- Chinese conglomerate Fosun launched a last-minute counter offer for holiday operator Club Mediterranee on Friday, hours before a deadline for rival proposals to a bid from Italian tycoon Andrea Bonomi.

  • HONG KONG, Sept 12- China shares rose on Friday, as August lending data helped ease some growth fears and two shipbuilding conglomerates led gains on reforms in that industry. Among top index boosts, China Shipbuilding Industry soared 5.1 percent and China CSSC Holdings surged by the 10 percent daily limit.

  • JOHANNESBURG, Sept 10- South African conglomerate Bidvest on Wednesday appointed Barclays and Investec as advisers for a possible listing of its food business on the London Stock Exchange.

  • DUBAI, Sept 9- A steering committee of creditors of Saudi Arabian conglomerate Ahmad Hamad Algosaibi and Brothers has been formed to negotiate its debt restructuring, Algosaibi said on Tuesday.

  • MOSCOW, Sept 9- Russian farming conglomerate Rusagro Group hopes the state will help it boost pork output to replace Western imports banned in tit-for-tat moves over Ukraine, but is still waiting for funds from a previous subsidy program.

  • Sept 8- Grupo Aval, Colombia's largest banking conglomerate, said it expects to raise $1.1 billion through an initial public offering in the United States. The group said it expects to list its American Depositary Shares on the New York Stock Exchange under the symbol "AVAL". It listed JP Morgan and Goldman Sachs as underwriters for the IPO.

  • NEW DELHI, Sept 8- The jailed chief of India's Sahara conglomerate has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion in bail money.

  • NEW DELHI, Sept 5- India's Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.

  • However, a successful sale of the masts would help Vimpelcom cut Wind's debt, which stood at 9.6 billion euros in June and has so far proved one of the hurdles to a proposed merger with 3 Italia, the smallest of the country's four network operators behind Telecom Italia, Vodafone and Wind, the sources said.

  • JOHANNESBURG, Sept 1- South African conglomerate Bidvest is considering a London stock market listing for its food business to help to fund future growth, the company said after announcing an 11 percent rise in annual profit.

  • SEOUL, Sept 1- Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalised in May.

  • A&E, which is jointly owned by Walt Disney Co and media group Hearst Corp, is investing $250 million in Vice Media, which started as a Canadian magazine and has ballooned into a multimedia conglomerate known for producing edgy videos and news reports.

  • Car parts distributor Transtar up for sale -sources Thursday, 28 Aug 2014 | 5:36 PM ET

    Transtar's owner, private equity firm Friedman Fleischer& Lowe LLC, has hired investment banks Bank of America Corp and Harris Williams& Co to run an auction for the company, the people said this week. Friedman Fleischer& Lowe, Transtar and Bank of America declined to comment.

  • NEW DELHI, Aug 21- Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

  • COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.

  • SAO PAULO, Aug 14- Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives."

  • Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.

  • NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.

  • PARIS, Aug 14- French private equity firm Ardian and Chinese conglomerate Fosun International said they would withdraw their offer for resort operator Club Mediterranee, leaving the way clear for a bid by Italian businessman Andrea Bonomi.

  • SINGAPORE/ NEW DELHI, Aug 14- A decade after low-cost carriers led India's air travel boom, full-service airlines are gearing up for a battle for premium passengers that only the deep-pocketed are likely to win. The carriers are also bracing for Vistara, a venture between Singapore Airlines Ltd and conglomerate Tata Sons Ltd which will start flying in October.