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Business Strategy Joint Ventures

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  • UNITED LAUNCH ALLIANCE, JOINT VENTURE OF LOCKHEED AND BOEING, SAYS 12 EXECUTIVES LEAVING COMPANY IN DECEMBER UNDER VOLUNTARY LAYOFF.

  • *Vimpelcom CEO says no guarantee deal will be reached. AMSTERDAM/ MILAN, May 13- Russian telecoms group Vimpelcom is in talks with Asia's Hutchison Whampoa about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday. But hammering out terms has proven difficult given the interests of...

  • May 5- Archer Daniels Midland Co, one of the world's largest grain traders, announced on Tuesday a deal to acquire full ownership of two Romanian export terminals on the Black Sea, bolstering its ability to export grain from Eastern Europe. ADM said it has agreed to acquire North Star Shipping and Minmetal, a 50-50 joint venture with North Star, which have grain...

  • BRUSSELS, May 5- The European Commission said on Tuesday it had approved a joint venture between two of the world's biggest coffee processors, Mondelez International of the United States and Dutch firm DE Master Blenders, conditional on asset sales. A spokeswoman for DE Master Blenders declined to comment, and officials at Mondelez were not immediately...

  • BRUSSELS, May 5- The European Commission said on Tuesday it had approved a joint venture between two of the world's biggest coffee processors, Mondelez of the United States and Dutch firm DE Master Blenders, conditional on asset sales.

  • April 30- Sears Holdings Corp and mall operator Macerich Co will form a joint venture, which will buy nine Sears properties in Macerich's malls for $150 million, in the retailer's third such deal this month. Sears will lease back the stores and continue to operate them. The stores have average in-line sales of $680 per square foot, Macerich Chief Executive Arthur...

  • BERLIN, April 29- Volkswagen has no merger or acquisition plans beyond ongoing discussions with its Chinese joint venture partner FAW that may result in its increasing its stake, the carmaker's finance chief Hans Dieter Poetsch said on Wednesday. "We are in a process of negotiations with our joint venture partner, also about the possibility of an increase in our...

  • Taiwan's UMC to expand China customer base via JV factory Wednesday, 29 Apr 2015 | 6:44 AM ET

    TAIPEI, April 29- Taiwan's United Microelectronics Corp, the world's No.2 contract chip maker, intends to expand its customer base in China via its joint venture factory with the Fujian Province government, company executives said Wednesday. UMC broke ground on the factory last month in a joint ceremony with government officials and major client Qualcomm Inc,...

  • Dunnhumby and its U.S. partner, The Kroger Co, said on Monday they had agreed to change their exclusive joint venture deal, enabling Dunnhumby to work with other retailers and consumer goods companies in North America. Kroger said that as part of the deal it would take on a license to use Dunnhumby's technology and retain 500 staff to continue to find customer...

  • ATYRAU, Kazakhstan, April 21- Kazakhstan's leading oil producer has slowed its expansion plans further and cut planned spending this year in response to lower oil prices, a senior executive at Chevron's joint venture Tengizchevroil said. Kazakhstan's government reviewed Tengiz's expansion project in October 2014 and was unhappy with TCO's plans to...

  • CARACAS, April 14- Venezuelan state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc's minority stake in its Petrodelta joint venture, a source close to PDVSA said on Tuesday. The news pushed shares of Texas- based Harvest up around 129 percent to their highest level since December on apparent relief the financially...

  • CARACAS, April 14- Venezuela's state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc's stake in the Petrodelta joint venture, a source close to PDVSA said on Tuesday. The company has twice been poised to sell its minority stake but said the OPEC country blocked the transaction. In 2013 a deal with Indonesia's oil company...

  • Sears and Simon Property Group Inc said they would form a 50-50 joint venture to boost the value of 10 Sears properties at Simon-managed malls, similar to its April 1 announcement with mall operator General Growth Properties. As part of the agreement, up to half of the space Sears sold will be available for redevelopment for new tenants who will pay higher rents.

  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • April 1- Sears Holdings Corp said it would form a real estate investment trust, which will buy about 254 Sears and Kmart stores in a transaction valued at more than $2.5 billion. The newly formed REIT, Seritage Growth Properties, will launch a rights offering to partially fund the purchase of the stores. In a separate deal, Sears said it would form a joint venture with...

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream company Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, the two companies said on Tuesday. The terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will potentially...

  • CALGARY, Alberta, March 31- Canada's Keyera Corp and midstream giant Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton, Alberta, Keyera said in a statement on Tuesday. The new terminal will be a 50-50 joint venture with Keyera's share of costs expected to be C $330 million, while Kinder Morgan will...

  • DUBAI/ ABU DHABI, March 31- Tourism Development& Investment Co has delayed fundraising plans to build Abu Dhabi's largest shopping mall in collaboration with a unit of French luxury goods firm LVMH, three sources aware of the matter told Reuters. The move by the Abu Dhabi state-owned investment fund, coupled with management changes at the joint venture and lower...

  • March 31- Medical tests maker Quest Diagnostics Inc and contract research company Quintiles said they were combining their clinical trial laboratory operations in a joint venture. Quintiles will own 60 percent of the joint venture, with Quest owning the rest, the companies said on Tuesday. The companies did not disclose the financial terms of the deal.

  • PARIS, March 31- French car parts maker Faurecia announced a joint-venture deal with Dongfeng, the Chinese state-controlled automotive group, in a move designed to increase its presence in the world's biggest autos market. Faurecia, majority-owned by PSA Peugeot Citroen, said on Tuesday the venture would target sales of 2 billion euros to Dongfeng and its...