Business Strategy Joint Ventures

  • 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...

  • June 8- XpressWest, the private U.S. firm proposing to build a high-speed rail link between Las Vegas and Los Angeles, terminated a joint venture with Chinese companies less than nine months after the deal was announced, citing delays faced by its partner. Las Vegas- based XpressWest said the decision to end the relationship stemmed from problems with "timely...

  • SYDNEY, May 19- Australian wealth manager AMP Capital on Thursday said it has reached a deal to acquire the largest U.S. underground parking system for $370 million in a joint venture with private equity firm Northleaf Capital Partners. AMP Capital, the investment arm of Australia's top wealth manager AMP Ltd, has $117 billion in funds under management as of...

  • MOSCOW, May 12- Russian state-controlled telecoms operator Rostelecom said on Thursday it has set up a joint venture with industrial conglomerate Rostec to produce their own network equipment. Russian network operators currently rely heavily on foreign equipment producers such as Nokia Corp, Ericsson, Huawei and Samsung for their hardware, which has...

  • Aviation Industry Corporation of China, China's biggest state-owned aerospace and defence company, has used the strategy twice, while state-owned China National Building Materials Group Co, a state-owned building products company, successfully used it in a case involving allegations that Chinese-made drywall led to health problems for U.S. homeowners.

  • TASHKENT, May 10- Authorities in Uzbekistan are investigating GM Uzbekistan, a venture part-owned by U.S. carmaker General Motors, over losses incurred by its Russian business, an executive at the Russian unit told Reuters on Tuesday. GM Uzbekistan said Jalilov left the company last month but declined to comment on the investigation. Uzbekistan's prosecutor...

  • TOKYO, May 10- Japanese oil refiner Idemitsu Kosan Co said on Tuesday its joint venture with Canada's AltaGas would suspend a liquefied natural gas project in Canada for the foreseeable future due to low energy prices. The two firms had conducted a feasibility study to export about 2 million tonnes per year of LNG to Asia from Canada's west coast as early as 2017..

  • MEXICO CITY, May 2- Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday. One of Cofece's conditions is that eight pairs of slots in the Mexico City airport must be given up, Aeromexico said in a filing to Mexico's stock exchange.

  • *Plan is to eventually list on London Stock Exchange. LONDON, April 27- Nestle has struck a deal with Britain's R&R Ice Cream to form a joint venture that will sell ice cream and frozen food in more than 20 countries, its latest attempt to adapt to a changing and more competitive market. The 50/ 50 joint venture, to be called Froneri, will combine the Nestle and R&R ice...

  • LONDON, April 27- Nestle has struck a deal with Britain's R&R Ice Cream to form a joint venture that will sell ice cream and frozen food in over 20 countries, its latest attempt to adapt to a changing and more competitive packaged food market. The 50/ 50 joint venture, to be called Froneri, will combine the Nestle and R&R ice cream businesses in Europe, the Middle East,...

  • *Prepared for any recalls in China on diesel-related issues. BEIJING, April 24- Volkswagen AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world's biggest auto market, its China chief Jochem Heizmann said on Sunday. Volkswagen also plans to invest 4 billion euros in connection with its joint venture...

  • April 21- Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd,...

  • KINSHASA, April 19- Randgold Resources has entered a joint venture in Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner, the company announced in a statement on Tuesday.

  • FRANKFURT, April 13- India's Tata Steel and Germany's Thyssenkrupp are in talks about a joint venture among the options being considered for their European steel operations, Germany's Rheinische Post said on Wednesday. Expectations of long-awaited consolidation in Europe's battered steel industry rose after Tata Steel said two weeks ago that it plans to...