*Honeywell to invest 50 bln naira in flourmill unit. LAGOS, March 2- Nigerian conglomerate Honeywell group plans to invest 150 billion naira over the next 2-3 years to fund growth across its businesses and will list one or two subsidiaries on the local bourse, its chairman said. Oba Otudeko told the Reuters Africa Investment Summit on Monday that Honeywell, with...» Read More
Sept 17- Activist investor Nelson Peltz's Trian Fund Management LP, which holds a $1.6 billion stake in DuPont, called on the chemical conglomerate to separate its high-growth agriculture and other businesses from units that generate strong cash flows.
MOSCOW, Sept 17- Russia's oil-to-telecom conglomerate Sistema said on Wednesday that the acquisition of oil assets in the Republic of Bashkortostan was legal and transparent after its chairman was placed under house arrest in connection to the deal. "Sistema's management believes that the acquisition of BashTEK group was legal and transparent.
ICL's parent company, conglomerate Israel Corp, set a nominal fundraising target of about $522.4 million through an initial public offering of 62 million ordinary shares, ICL said in a filing to the U.S. Securities and Exchange Commission.
MOSCOW, Sept 12- State-owned Rostec said on Friday new European Union sanctions would have little impact on the Russian conglomerate's arms exports or on its chief executive, an ally of President Vladimir Putin.
*22 euro- a-share Fosun bid 1 euro higher than Bonomi's. PARIS, Sept 12- Chinese conglomerate Fosun launched a last-minute counter offer for holiday group Club Mediterranee on Friday, outbidding Italian tycoon Andrea Bonomi hours before the deadline on a takeover saga that dates back to May last year.
*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.
GE posted a 13 percent rise in net income, helped by increases in sales of its jet engines and oil and gas equipment.
GE boss is due in Paris on Sunday and is expected to meet France's economy minister as he closes in on a deal to buy the power arm of French engineer Alstom
GE reported a decline in net income amid lower revenue in its transportation business, yet overall industrial profit rose by 12 percent.
Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.
South Korean conglomerates, known as "chaebols," have dominated the economy here for decades but as CNBC's Chloe Cho finds out, a new start-up culture is emerging.
GE Capital, the financial arm of industrial giant General Electric, will return $6.5 billion worth of dividends back to its parent company over the course of the year.
GM sales rose 6.4 percent in March - the best March in five years, but, still, below market expectation. TheStreet.com reports.