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Business Strategy Joint Ventures

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  • MEXICO CITY, Aug 10- A new partnership between U.S.-based power company AES Corp and Mexico's Grupo Bal launched on Monday will invest up to $2.5 billion over the next five years mostly in Mexico's newly opened power sector, a top AES executive said in an interview. The 50/ 50 joint venture with Grupo Bal aims to direct about three-quarters of the five-year...

  • MILAN/ PARIS, Aug 6- Vimpelcom and Hutchison have agreed to combine their Italian mobile operations in a 50-50 joint venture in a long-awaited deal to consolidate Europe's fourth-largest telecom market. The merger will combine Vimpelcom's WIND Telecommunicazioni, the country's third-largest mobile network operator, with fourth-placed 3 Italia, reducing...

  • MEXICO CITY, July 31- Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, said on Friday it will buy out the 50 percent stake in the pipeline company Gasoductos de Chihuahua owned by Mexican state-run oil company Pemex. Gasoductos de Chihuahua's assets include three natural gas pipelines, including part of the cross border Los...

  • July 15- Kinder Morgan Inc said it would buy the 49 percent stake that it does not already own in natural gas joint venture Elba Liquefaction Co from Royal Dutch Shell Plc, and it raised its dividend. Kinder Morgan said it expects to invest $630 million in Elba terminals, bringing its total investment in the project near Savannah, Georgia to $2.1 billion.

  • NBCUNIVERSAL SAYS ANNUAL MISS USA AND MISS UNIVERSE PAGEANTS, WHICH ARE PART OF A JOINT VENTURE BETWEEN NBC AND TRUMP, WILL NO LONGER AIR ON NBC.

  • CARACAS, June 21- Venezuelan state oil company PDVSA said on Sunday it had signed a raft of investment agreements with top Russian oil producer Rosneft, including a plan to create a joint venture to produce natural gas in the South American country. The "Strategic Plan for Investments" also includes development of new infrastructure to improve the existing oil...

  • PARIS, June 18- Utility Energias de Portugal and its shareholder China Three Gorges have set up a joint venture to develop hydro-electric projects in South America and Africa, part of a partnership being watched across the industry as a model for Chinese investment in renewables abroad. The 50-50 joint venture, called Hydroglobal, is studying hydropower...

  • LONDON, June 15- Britain's Thomas Cook, the world's oldest tour operator brand, has joined forces with Fosun International in China to tap into the booming travel market there. Thomas Cook said it was setting up a joint venture with Fosun, which owns 5 percent of the British firm, to better compete in a rapidly growing market in China for travel, both domestic and...

  • PARIS, June 14- Lockheed Martin Corp issued a warning on Sunday over the viability of its rocket launch joint venture with Boeing Co, saying the venture urgently needed the United States to waive a law banning the use of Russian engines to launch military and spy satellites. Rick Ambrose, who heads Lockheed's space business, told Reuters in an interview that...

  • TOKYO, June 11- Japan Post Holdings Co Ltd is in talks to start an asset management joint venture with Sumitomo Mitsui Trust Bank and Nomura Holdings Inc to sell mutual fund products at post offices, sources with the knowledge of the matter said. A Sumitomo Mitsui Trust spokesman declined to comment. Japan Post officials were not immediately available for...

  • CHINA STOCK REGULATOR SAYS SHANGHAI- DEUTCHE BOURSE JV COULD. SHANGHAI, May 29- The Shanghai-Deutsche Bourse joint venture could be expanded to include derivatives, a spokesperson for China's securities regulator said on Friday at a press conference. The joint venture, officially announced on May 27, aims to ease European investors' access to Chinese...

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • WASHINGTON, May 26- U.S. satellite imagery provider DigitalGlobe Inc and Sweden's Saab AB on Tuesday announced a new joint venture aimed at building an accurate 3- D model of the earth and capturing billions of dollars in new business. Frazier said the new venture would use Saab's 3- D computer processing technology and DigitalGlobe's vast archive of billions...

  • FRANKFURT, May 26- German exchange operator Deutsche Boerse is set to unveil a joint venture with Shanghai Stock Exchange and China Financial Futures Exchange aimed at easing European investors' access to Chinese shares and ETFs, two people familiar with the plans said. "A central goal for Deutsche Boerse is to expand its cooperation with China," one of the people...

  • WASHINGTON, May 21- United Launch Alliance, a 50-50 joint venture of Lockheed Martin Corp and Boeing Co, on Thursday said it would go out of business unless it won commercial and civil satellite launch orders to offset an expected slump in U.S. military and spy launches. It will face competition for the first time when the Air Force expects to certify a rival,...

  • CAIRO, May 21- Juhayna Food Industries, one of Egypt's largest dairy product and juice makers, will form a joint venture with Denmark's Arla foods that will be 51 percent owned by Juhayna and managed by Arla, Juhayna said on Thursday.

  • SHANGHAI/ HONG KONG, May 20- Russell Investment Management and China's Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese partners. "Going forward, Russell Investments and Ping An Group have mutually agreed to change the ownership...

  • SHANGHAI/ HONG KONG, May 19- After four years of partnership, Russell Investment Management and China's Ping An Insurance Group have terminated their investment joint venture, sources with direct knowledge of the situation told Reuters, the latest sign of friction between foreign fund managers and their Chinese partners. Under the agreement, Chinese...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S. military and...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...