Business Strategy Joint Ventures

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  • 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...

  • March 31- Israel's Teva Pharmaceutical Industries Ltd and Japan's Takeda Pharmaceutical Co Ltd named Hiroshi Matsumori on Thursday as the chief executive of their new joint venture in Japan. The companies also said the joint venture, Teva Takeda Yakuhin Ltd, would be renamed Teva Takeda Pharma Ltd after October. The joint venture, announced in November, will...

  • March 22- Asset manager Fiera Capital Corp and Aquila Infrastructure Management Inc have formed a joint venture with an initial capital of about C $500 million to invest in infrastructure projects. The alternative investment joint venture, Fiera Infrastructure Inc, will increase Fiera Capital's infrastructure asset portfolio to C $1.2 billion, the...

  • NEW YORK, March 16- Shell and Saudi Aramco on Wednesday announced plans to break up Motiva Enterprises LLC and divide up the assets, almost two decades after the U.S. oil refining and marketing joint venture was formed. *230,000 barrel-per-day Convent refinery located in St. James Parish, Louisiana;. *600,000 bpd Port Arthur refinery located in Port Arthur, Texas, the...

  • BEIJING, March 10- China's Commerce Ministry said on Thursday it had not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture. In a fax message to Reuters, the ministry said it would review the deal according to the law if it received an application. The world's No. 1 and No. 4...

  • BEIJING, March 10- China's Commerce Ministry said on Thursday that it has not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture. The ministry said in a fax to Reuters that they would review the deal according to the law if they receive an application.

  • PARIS, March 8- Sanofi SA and Merck& Co Inc said on Tuesday they were ending a 22- year-old joint venture to sell vaccines in Europe, arguing they would do better by managing their product portfolios independently. The decision marks a further step by Sanofi's new Chief Executive Olivier Brandicourt to reshape the group, following a $20 billion deal to swap...

  • SAO PAULO, March 7- Brazilian miner Vale SA said on Monday it signed a memorandum of understanding with Australian rival Fortescue Metals Group Ltd to explore creating joint ventures to blend iron ore for the Chinese market.

  • *Energy Capital to buy $150 mln of Dynegy shares at $10.94 each. *Energy Capital to own about 15 pct of Dynegy post deal. Dynegy and Energy Capital are set to invest about $770 million and $415 million respectively in the joint venture.

  • Feb 25- Electric power company Dynegy Inc said it will form a joint venture with Energy Capital Partners to buy Engie's U.S. fossil portfolio worth $3.3 billion. Dynegy will own 65 percent of the joint venture and private-equity firm Energy Capital will own the rest, Dynegy said on Thursday. Energy Capital will also purchase $150 million of Dynegy stock at $10.94...

  • CARACAS, Feb 24- Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding on Wednesday to settle a protracted arbitration dispute through creation of a joint venture in the South American country. Venezuela will seek to use the mining property as collateral to obtain financing, the company said. The government said the company...

  • KIEV, Feb 24- U.S. agriculture giant Cargill and Ukraine's M.V. Cargo said they would build and operate a grain terminal at Ukraine's Black Sea port of Yuzhny under a $100 million joint venture agreement signed on Wednesday. The terminal, near Ukraine's biggest port city of Odessa, will have an annual loading capacity of 5 million tonnes of grain and other...

  • WASHINGTON, Feb 21- U.S. satellite imagery provider DigitalGlobe Inc created a joint venture on Sunday with two Saudi Arabian organizations to develop a network of small satellites that will be eventually be able to revisit key areas of the globe 40 times a day. The deal is part of DigitalGlobe's drive to expand its base of government and industry customers...

  • MOSCOW, Feb 20- Russia's top oil producer Rosneft and Venezuela's state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas in the South American country, Rosneft said on Saturday. Each firm will have a 50 percent share in the venture, which with develop three offshore fields. As well as the offshore gas joint venture, Rosneft also...

  • COPENHAGEN, Feb 18- MHI Vestas, a joint venture between Vestas and Japan's Mitsubishi Heavy Industries, said on Thursday it would likely supply turbines to Belgium's largest wind farm project. The project is run by Norther N.V., a 50-50 joint venture between The Netherland's Eneco and Belgium's Elicio. "When commissioned in 2019 the Norther project will be...

  • NEW DELHI, Feb 17- India's antitrust regulator has ordered an investigation into a Monsanto joint venture, saying it suspected the company had abused its dominant position as a supplier of genetically modified cotton seeds. Mahyco Monsanto Biotech, a joint venture with India's Mahyco, licenses a gene that produces its own pesticide to a number of local seed...

  • BRASILIA/ RIO DE JANEIRO, Feb 17- The Brazilian government expects to reach agreement by Friday with Samarco Mineração SA to settle a 20 billion-real lawsuit for damages in a deadly dam disaster, a spokesman for Brazil's attorney general said on Wednesday. Brazil sued Samarco, a 50-50 iron ore joint venture between Brazil's Vale SA and Australia's BHP...

  • BRASILIA, Feb 17- The Brazilian government expects to reach agreement by Friday with Samarco Mineração SA to settle a 20 billion-real lawsuit for damages related to a deadly November dam disaster, a spokesman for Brazil's attorney general said on Wednesday. Brazil has sued Samarco, a 50-50 iron ore mining joint venture between Brazil's Vale SA and...

  • Feb 15- UK phone network operator Vodafone Plc and John Malone's cable company Liberty Global Plc agreed on Monday to combine their operations in the Netherlands for a better footing in the local market. "Together we will be a stronger competitor in the Netherlands", Vodafone Chief Executive Vittorio Colao said in the statement. U.S.-based Liberty's Ziggo is...