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Business Strategy Joint Ventures

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • VANCOUVER, March 28- More partnership deals are likely in the gold industry as miners start investing in new projects again but are keen to lower the risk, analysts said after Goldcorp Inc and Barrick Gold Corp's announced a 50-50 joint venture in Chile. As part of a complex series of transactions costing Goldcorp about $445 million up front, the Vancouver- based...

  • PARIS, March 27- French oil and gas major Total said it aims to become a major player in the U.S. polyethylene market as it announced a $1.7 billion joint venture on Monday with Austria's Borealis and Canada's Nova Chemical. The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is also considering building a 625,000...

  • March 24- Schlumberger NV said on Friday it would form a joint venture with Weatherford International Plc to deliver oilfield products and services for unconventional resource plays in the United States and Canada. The oilfield equipment maker will get a one-time $535 million cash payment from Schlumberger, the companies said in a joint statement.

  • China is for globalization in the long run: UBS

    Capital controls aside, China is gradually opening up its capital markets for foreign participation, says Eugene Qian of UBS.

  • NEW DELHI, March 17- India's steel minister said he hoped state-owned Steel Authority of India Ltd and ArcelorMittal SA would resolve differences over building an $897 million automotive steel plant before the deadline in May to close the deal. SAIL is banking on the proposed joint venture with the world's number 1 steel producer, ArcelorMittal, to help it move...

  • CARACAS/ HOUSTON, March 16- Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country's Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin American nation's dire economic situation and Moscow's growing muscle there. A deal would have California- based Chevron...

  • March 16- Canada Pension Plan Investment Board, Singapore wealth fund GIC and property owner Scion Group LLC said on Thursday their joint venture had bought three U.S. student housing portfolios for about $1.6 billion, in its second major deal in the United States. The companies said on Thursday their joint venture, Scion Student Communities LP, plans to buy more...

  • March 10- Britain's largest listed industrial property developer, Segro plc, said it bought the remaining 50 percent stake in the Airport Property Partnership joint venture from the Aviva Group Entities for 365 million pounds. Segro, which acquired the original stake in 2010, said the deal was funded by 216 million pounds in cash and the disposal of assets,...

  • BERLIN, March 9- Lockheed Martin Corp and Europe's MBDA will set up a new joint venture to manage a multibillion-euro missile defence programme given German concerns about MBDA's ability to execute the project on its own, sources familiar with the plans said on Thursday. The ministry told lawmakers on Tuesday it would not complete a contract with MBDA for the...

  • BERLIN, March 9- Lockheed Martin Corp and Europe's MBDA will set up a new joint venture to manage a multibillion-euro missile defense program given German concerns about MBDA's ability to execute the project on its own, sources familiar with the plans said on Thursday. The ministry told lawmakers on Tuesday it would not complete a contract with MBDA for the...

  • SAO PAULO, March 6- A unit of Brazil's TRX Holding Investimentos has entered a joint venture to buy and renovate multi-family housing projects in the United States, hoping to profit from the residential rental market in the world's largest economy. TRX and U.S.-based Cornerstone Properties Ltd will contribute equally to the venture, making an initial...

  • China's JV model has failed: Economist

    Independent economist Andy Xie says China should not be looking for shortcuts in creating "world-beating" companies and technology.

  • Protectionist tendencies growing in China: German ambassador

    Michael Clauss, German ambassador to China, weighs in on Germany's trade relations with China.

  • ZURICH/ LONDON, March 3- Nestle and Coca-Cola Co have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. "The ready-to-drink tea market has evolved, and Nestle believes the time is right to develop Nestea independently," the company said on Friday, announcing the end of the...

  • MUMBAI, Feb 28- India's Tata Sons has agreed to pay NTT DoCoMo $1.18 billion to buy out the Japanese firm's stake in a telecoms joint venture, paving the way for the settlement of a long-standing dispute days after a new chairman took charge at the Indian conglomerate. Tata Sons said it reached an out-of-court agreement with DoCoMo to enforce a decision taken by a...

  • *270 mln euros to be invested. PARIS, Feb 27- French drugmaker Sanofi and Swiss manufacturer Lonza will invest 270 million euros in a new large-scale biologics facility that will produce monoclonal antibodies by 2020, the two companies said on Monday. Pending regulatory approvals, the facility- which will be established through a 50-50 joint venture- will be...

  • SAO PAULO, Feb 24- Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. The venture would be the first major step in OAS's efforts to rebuild itself almost three...

  • EXCLUSIVE-CHINA'S XCMG, BRAZIL'S OAS IN JOINT VENTURE TALKS -SOURCE.

  • TOKYO/ TAIPEI, Feb 24- Japan's Softbank Group and Taiwan's Foxconn will soon begin operating a joint venture that deepens ties between two of Asia's biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision Industry Co, a 54.5 percent stake in one of Softbank's existing subsidiaries for $600 million and...