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Industrial Conglomerates

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  • PARIS, April 8- Things are changing in France's business world. But if you think that signals the end of the Gallic sneer at "Anglo-Saxon" ways- the free-market bent of the Americans and British- last week's promotion to economy minister for the interventionist Arnaud Montebourg is a reminder that laissez-faire government remains, in France, a linguistic irony.

  • SYDNEY, April 8- Indian conglomerate GVK Power& Infrastructure Ltd and Australia's richest woman on Tuesday were ordered to meet strict environmental conditions over water conservation before developing a coal mine in the arid Australian Outback estimated to cost $10 billion.

  • April 4- Canadian private equity firm Onex Corp and Canada Pension Plan Investment Board said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.

  • PARIS, April 3- A French appeals court has upheld the choice of construction and telecoms conglomerate Bouygues to build a new judiciary complex in northern Paris, dismissing a suit by lawyers loath to leave the city centre. Bouygues won the order from the state over two years ago.

  • FRANKFURT, April 2- Deutsche Post, the world's biggest postal and logistics group, is betting on emerging markets and an e-commerce boom to boost profits through 2020, it said on Wednesday in unveiling its new medium-term financial targets.

  • DUBAI, April 1- Saudi Arabian conglomerate Ahmad Hamad Algosaibi& Brothers estimates its assets are worth less than a quarter of about $5.9 billion in claims made against it, a spokesman said as the group prepares a proposal to end one of the Middle East's biggest corporate debt disputes.

  • LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric Co is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.

  • LONDON/ STOCKHOLM, March 31- U.S. conglomerate General Electric is exploring the sale of its GE Money Bank unit in the Nordic region, which could fetch up to 2 billion euros, as it retreats from the finance sector, sources close to the matter told Reuters.

  • DUBAI, March 31- Dubai World, the conglomerate at the centre of the emirate's debt crisis, has the means to make its first big repayment on time next year and expects to pay off more of its debt ahead of schedule, a top executive said.

  • *C/A surplus $5.07 bln in Feb vs $0.22 bln surplus in Jan. BANGKOK, March 31- Thailand's economy is expected to contract in the first quarter after consumption and investment fell, the central bank said on Monday, reflecting how prolonged political unrest is deepening the toll on Southeast Asia's second-largest economy.

  • BOGOTA, March 28- Colombia's biggest food processing conglomerate, Nutresa, hopes to double sales in six years partly through takeovers in foreign markets to capitalize on strong sales growth abroad, top company officials said on Friday. Nutresa's sales in 2013 grew 11.2 percent to $3 billion, one third of which were made in Colombia.

  • BANGKOK, March 27- Siam Cement PCL, Thailand's largest industrial conglomerate, aims to boost cement production and sales in Southeast Asia to offset a slowdown at home where political unrest has delayed spending on infrastructure projects.

  • NOVO-OGARYOVO, Russia/ BERLIN- The chief executive of engineering conglomerate Siemens gave a rare sign of German support to Russian President Vladimir Putin at the height of an economic standoff with the West over Ukraine, saying his firm supported a "trusting relationship" with Russian companies.

  • March 26- Activist investor Barington Capital Group LP urged Darden Restaurants Inc to consider looking for a new chief executive, stepping up pressure on the restaurant operator to come up with ways to improve its performance.

  • NEW YORK, March 25- Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year.

  • MOSCOW, March 25- Rosneft, the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.

  • YANGON, March 25- Myanmar- focused conglomerate Yoma Strategic Holdings Ltd said Southeast Asia needs to work exceptionally hard to realise a balanced, European Union- style integration of such disparate economies.

  • *Move seen negative for energy conglomerate Reliance Industries. MUMBAI, March 25- An unexpected request by India's Election Commission for the government to defer a rise in gas prices until after a looming general election hit shares in Reliance Industries Ltd and Oil and Natural Gas Corp on Tuesday.

  • March 24- Walt Disney Co on Monday named Ben Sherwood as co-chairman of Disney Media Networks and president of ABC Television Group, effective Feb. 1, 2015. Sherwood, who is currently ABC News President, will replace Anne Sweeney, who announced she was leaving the media conglomerate on March 11.

  • MOSCOW, March 24- The head of Russian state conglomerate Rostec, Sergei Chemezov, joined Uralkali's board of directors on Monday, Uralkali said, signalling greater government influence in the world's largest potash producer. Chemezov, a powerful ally of President Vladimir Putin, was nominated in February and may become Uralkali's board chairman.