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Business Strategy Strategic Alliances

  • *India wants ONGC, Oil India to form JVs with private firms. NEW DELHI/ MUMBAI, Sept 27- India plans to offer stakes of up to 60 percent in oil and gas fields owned by state energy companies that are already in production to private firms, five sources with knowledge of the matter said, a move that would hit revenues of state explorers. India is the world's third-largest...

  • **French Finance Minister Bruno Le Maire on Wednesday said he hoped Europe could create a leading naval company similar to the one formed by the railway operations tie-up between Alstom and, as he reiterated his support for the Alstom and Siemens transaction. **China- backed coal miner Yancoal Australia Ltd said on Wednesday it had exercised its option to buy a 29...

  • **French Finance Minister Bruno Le Maire on Wednesday said he hoped Europe could create a leading naval company similar to the one formed by the railway operations tie-up between Alstom and, as he reiterated his support for the Alstom and Siemens transaction. **China- backed coal miner Yancoal Australia Ltd said on Wednesday it had exercised its option to buy a 29...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 27- German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.. Siemens will own 50 percent plus a few shares of the joint venture, to be called...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- German industrial group Siemens AG and French rival Alstom SA agreed on Tuesday to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.. Siemens will own 50 percent plus a few shares of the joint venture, while...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- Siemens and Alstom are expected to announce a deal merging their rail operations on Tuesday, a Franco-German industrial breakthrough for President Emmanuel Macron but a move already riling opposition politicians. Siemens is expected to announce the rail deal with Alstom on Tuesday rather than...

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- French politicians voiced concerns on Tuesday that a planned multibillion dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand. Siemens is expected to opt for a deal with Alstom rather an alternative with Canada's Bombardier, two sources familiar with...

  • ZURICH/ STOCKHOLM, Sept 26- Swiss engineering group ABB has joined Northvolt's project to build Europe's largest lithium-ion battery factory in Sweden to cater for expected demand growth for electric cars. Northvolt aims to reduce reliance on batteries from China and South Korea as European carmakers come under increasing pressure to cut vehicle...

  • SAO PAULO, Sept 25- Brazil's second largest utility launched a last-ditch attempt on Monday to try to retain control of at least one of the four hydroelectric dams the federal government wants to privatize in an auction on Wednesday. Later on Monday, congressman Fabio Ramalho, a representative from Minas Gerais state and a member of President Michel Temer'S...

  • DETROIT, Sept 25- Commercial truck partners Navistar International Corp and Volkswagen AG's Truck and Bus said on Monday they will launch an electric medium-duty truck in North America by late 2019, and develop common hardware and systems to connect trucks to the internet. Volkswagen Truck Chief Andreas Renschler and Navistar Chief Executive Troy Clarke...

  • DETROIT, Sept 25- Commercial truck partners Navistar International Corp and Volkswagen AG's Truck and Bus said on Monday they will collaborate to launch an electric medium duty truck in North America by late 2019, and to develop common hardware and systems to connect trucks to the internet. Volkswagen Truck chief Andreas Renschler and Navistar Chief...

  • TOKYO, Sept 25- Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc, a member of the buyer group, has not agreed on key terms, two people involved in the deal said. The struggling Japanese conglomerate announced last Wednesday it had chosen a consortium led by U.S. private equity firm Bain...

  • Just two days before general elections in Europe's biggest economy, the demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead. Thyssenkrupp and Tata this week said they had signed a memorandum of understanding for a 50-50 joint venture that would create Europe's second-biggest steelmaker after...

  • *Negotiations among consortium members still ongoing- sources. TOKYO, Sept 21- Japan's Toshiba Corp is locked in last minute discussions over "key issues" with the would-be buyers of its $18 billion memory chip business led by U.S. private equity firm Bain, potentially delaying a formal agreement on the sale. Instead, South Korea's SK Hynix Inc, part of the winning...

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk is also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution for...

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk was also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • *See annual synergies of 400- 600 million euros. FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50-50 joint venture, creating the continent's No.2 steelmaker after ArcelorMittal. The MoU, widely expected after Thyssenkrupp last week said a deal could still...

  • FRANKFURT, Sept 20- Thyssenkrupp and Indian peer Tata Steel on Wednesday signed a memorandum of understanding to combine their European steel operations in a 50-50 joint venture, the German company said in a statement on Wednesday.