Business Strategy Joint Ventures

  • Nov 21- Rowan Companies Plc said it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco to operate offshore drilling rigs in the country. Both companies would contribute $25 million as working capital, Rowan said in a regulatory filing on Monday. Saudi Aramco is targeting 2018 for what could be the world's largest public listing, Chief...

  • Nov 21- Rowan Companies Plc said it was forming a joint venture with Saudi Arabian state oil giant Saudi Aramco to operate offshore drilling rigs in the country. Rowan said it would provide three jack-up rigs and Saudi Aramco two when the joint venture begins operations in the second quarter of 2017.. Both companies would contribute $25 million as working...

  • BARCELONA, Nov 17- Liberty Global's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe. Asked at the Morgan Stanley Technology, Media and Telecoms conference whether the Dutch tie-up was a template for further deals, Mike Fries said: "Hard to say, I...

  • BARCELONA, Nov 17- Liberty Global's chief executive said the cable group's joint venture with mobile operator Vodafone in the Netherlands did not signal more deals between the two companies in Europe. Asked at the Morgan Stanley Technology, Media and Telecoms conference whether the Dutch tie-up was a template for further deals, Mike Fries said: "Hard to say, I...

  • SHANGHAI, Nov 16- Privately owned Hartree Capital is setting up a commodities trading joint venture in China with Wanxiang Resources, owned by the world's largest auto parts maker, as it pushes to expand into the country's mammoth markets for industrial materials, a person familiar with the matter said. Tie-ups between domestic companies and foreign...

  • SAO PAULO, Nov 10- An index tracking high yield bond defaults jumped the most in more than six years after Brazilian miner Samarco Mineração SA missed an interest payment on its U.S. dollar bonds, according to a Fitch Ratings report Thursday. Samarco, a 50-50 joint venture between Brazil's Vale SA and Australia's BHP Billiton Ltd, suspended operations in...

  • HOUSTON, Nov 9- Sunoco Logistics Partners said on Wednesday it is forming a joint venture with Exxon Mobil, giving the midstream company strategic assets near the Dakota Access line while expanding its West Texas footprint for the second time in less than two months. Exxon's contribution includes its Longview to Louisiana and Pegasus pipelines, Hawkings...

  • SAO PAULO, Nov 9- Brazilian energy and logistics company Cosan SA Indústria e Comércio reported a net profit of 327.5 million reais in the quarter that finished in September, reversing the net loss of 17.2 million reais a year ago. Cosan is a 50-50 partner with Royal-Dutch Shell Plc in the joint venture Raízen, which is the world's largest sugar and ethanol...

  • SAO PAULO, Nov 9- Brazilian energy and logistics company Cosan SA Indústria e Comércio reported a net profit of 327.5 million reais in the quarter that finished in September, reversing the net loss of 17.2 million reais a year ago. Cosan is a 50-50 partner with Royal-Dutch Shell Plc in the joint venture Raízen, which is the world's largest sugar and ethanol...

  • SAO PAULO, Oct 24- Brazil's No. 1 college operator Kroton Educacional SA has teamed up with an unidentified domestic lender to broaden financing alternatives other than state-backed loans, a sign it is preparing for a potential economic recovery by attracting more students. The joint venture, which aims to offer financing instruments for students other than...

  • SAO PAULO, Oct 24- Kroton Educacional SA has teamed up with an unidentified domestic lender to broaden financing alternatives other than state-backed loans, a sign Brazil's No. 1 college operator is gearing up for a potential economic recovery by attracting more students. The joint venture, which aims to offer financing instruments for students other than a...

  • SAO PAULO, Oct 21- Bain Capital LP, Advent International Corp and Torrent Capital Investment Corp are on a shortlist of suitors for a Brazilian generic drug making joint-venture in which Pfizer Inc has a 40 percent stake, two people with direct knowledge of the situation said on Friday. The sale underscores the challenge facing generic drugmakers in Brazil,...

  • MEXICO CITY, Oct 14- Mexico's oil regulator on Friday approved a more flexible bidding scheme for a highly anticipated upcoming auction that will pick a partner for national oil company Pemex to jointly develop its deep-water Trion block in the Gulf of Mexico. "The previous version of the joint operating agreement required that bidders form a consortium with...

  • CARACAS, Oct 7- Spain's Repsol is providing a credit line of up to $1.2 billion to boost oil output at a joint venture it runs with Venezuelan state oil company PDVSA, the companies announced on Friday. "Today we've achieved, after very long conversations, a financing deal that will allow us to double production," said PDVSA President Eulogio Del Pino after a signing...

  • PARIS, Sept 30- Renault said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. Renault CEO Carlos Ghosn said there was "undeniable" potential in the Iran market. Peugeot, which is seeking to reclaim the leading position it once...

  • SAO PAULO, Sept 26- Samarco Mineração SA, the Brazilian iron ore mining joint venture that suspended operations in November following a dam disaster, missed an interest payment on a $500 million bond that was due on Monday, trustee Bank of New York Mellon Corp said. As a result, Samarco will have 30 days to make the payment, or else investors holding at least 25...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion as it focuses on its regulated power business. American Electric said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in...

  • Sept 14- Power plant operator American Electric Power said it would sell four of its power plants with a total capacity of about 5,200 MW for about $2.17 billion to a newly formed joint venture. The company said a joint venture of Blackstone Group LP and ArcLight Capital Partners LLC would buy the plants, three of which are in Ohio and one in Indiana.

  • PARIS, Sept 12- French drugmaker Sanofi and Verily, the life sciences unit of Google parent Alphabet Inc, on Monday said they would invest about $500 million in a joint venture combining devices with services to improve diabetes care, an example of growing ties between the pharma and tech sectors. Sanofi said last year it was working on a partnership with Google in...

  • Alphabet Google

    Sanofi and Alphabet's life sciences firm Verily will invest about $500 million in a diabetes joint venture combining devices with services.