Business Strategy Joint Ventures

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • LATAM said the agreement conformed to anti-monopoly rules and would benefit consumers, expanding its network to more than 420 destinations in the United States, Canada and Europe. "This type of agreement has already been approved by diverse free competition authorities throughout the world, including the United States and Europe, who have recognized its...

  • *SECCO is BP's single largest investment in China. FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2- $3 billion. A successful deal would mark BP's first significant exit from a business in China.

  • HONG KONG, Aug 9- State-owned China Petroleum& Chemical Corp is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday. Reuters earlier reported that BP has hired an investment bank to find buyers for its 50 percent stake...

  • FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2- $3 billion, people familiar with the matter told Reuters. A successful deal would mark BP's first significant exit from a business in China. Situated in Caojing...

  • LONDON, Aug 1- French utility EDF and its Chinese partner China General Nuclear Corporation agreed last year to make a series of investments in nuclear power generation in Britain. Britain and EDF first reached a broad commercial agreement on the project at Hinkley Point in southwest England in 2013. The government announced China's involvement last year...

  • SAO PAULO, July 26- Teva Pharmaceutical Industries Ltd and Mylan NV have shown preliminary interest in a Brazilian generic drugmaking joint-venture in which Pfizer Inc has a 40 percent stake, two people familiar with the process said. Brazil's Melo family owns the remaining 60 percent of Teuto 5/ 8 Pfizer, Latin America's largest pharmaceutical plant.

  • RIO DE JANEIRO, July 13- Brazilian federal prosecutors said on Wednesday they opened an investigation into alleged environmental crimes by Roberto Carvalho, chief executive of iron-ore mining company Samarco Mineração SA, over a deadly damburst last year. According to a statement released by prosecutors, Samarco, a 50-50 joint venture between Brazil's...

  • *AirAsia group eyes possible JV in China to target rising cities. FARNBOROUGH, England, July 10- AirAsia is studying a dual listing in Hong Kong, part of plans to become a pan-Asian low-cost airline player as it also moves towards setting up a joint venture in China, people familiar with the matter said on Sunday. The Malaysia- based group is simultaneously looking...

  • July 8- Tata Steel Ltd said on Friday it was in talks with potential strategic partners in the steel industry, including Thyssenkrupp AG, to explore a potential joint venture for its UK business. However, the company said the talks were currently at a preliminary stage and there could be no certainty of a transaction as the outcome depends on consultation and...

  • *Aramco rapidly expanding Houston trading business. LONDON/ HOUSTON, July 4- Royal Dutch Shell has asked Saudi Aramco for up to $2 billion as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the latest stumbling point in a partnership fraught with tension. Shell will become the sole owner of Motiva's Louisiana...

  • SYDNEY, July 1- BHP Billiton on Friday said it would appeal against the decision by a Brazilian court to reinstate a $6 billion public civil claim over last year's Samarco iron ore mine disaster. BHP and 50-50 joint-venture partner Vale had agreed on a $2.3 billion settlement in March, but Brazil's Superior Court has responded to an appeal from the Federal...

  • Credit Suisse and Beijing- based Founder Securities formed the joint venture in 2008 to provide services, including sponsoring and underwriting of China's A-shares and Chinese government and corporate bonds. The bank's bigger push in China comes at a time when a pickup in onshore equity and bond issuance in China is helping the nation's home-grown...

  • CREDIT SUISSE PLANS ON RAISING STAKE IN CHINA JOINT VENTURE TO 49 PERCENT- SOURCES.

  • MADRID/ FRANKFURT, June 17- Siemens and Spain's Gamesa agreed on Friday to combine assets to create the world's biggest builder of windfarms, with the German company paying 1 billion euros cash to Gamesa's shareholders to take a majority stake. Months in the making, the joint venture will overtake Denmark's Vestas to become the world's largest wind farm...

  • June 16- U.S. seed and agrochemicals company Monsanto Co said on Thursday it is selling its U.S. sorghum production assets to Remington Holding Co LLC and will roll its sorghum breeding business into a joint venture with the privately held company, in transactions valued at about $169.5 million. Monsanto's global sorghum breeding business will be a part of the...

  • June 16- U.S. seed and agrochemicals company Monsanto Co said on Thursday it is selling its U.S. sorghum production assets to Remington Holding Co LLC and will roll its sorghum breeding business into a joint venture with the privately held company, in transactions valued at about $169.5 million. Monsanto's global sorghum breeding business will be a part of the...

  • June 16- Privately held Remington Holding Co LLC said a unit will buy seed company Monsanto Co's U.S. sorghum production assets, and the two companies will form a joint venture, in transactions valued at about $169.5 million. Monsanto's global sorghum breeding business will be a part of the joint venture called Innovative Seed Solutions LLC, which will be...

  • June 13- TransCanada Corp said on Monday that it won a contract with a joint venture partner to build and operate a $2.1 billion natural gas pipeline in Mexico. The company's joint venture with IEnova, a unit of Sempra Energy, won the bid for the Sur de Texas- Tuxpan project, in which TransCanada will own 60 per cent, with IEnova owning the rest. TransCanada expects to...