joint-venture
FinanceExclusive-Deutsche Bank Talks on China Jv End Over Disagreement on Control, Sources Say
FinanceGerman Cartel Office Approves Rheinmetall, Leonardo Joint Venture
UncategorizedAlibaba Nears $4 Billion Jv Deal With S.Korea’s E-Mart, Bloomberg News Reports
BusinessExclusive-Nornickel in Talks With Xiamen C&d to Shift Copper Smelting to China
Bp, ADNOC’s Xrg Agree Egypt Gas Jv Arcius Energy
Date: December 16, 2024
By Yousef Saba DUBAI (Reuters) – BP and Abu Dhabi National Oil Company’s international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad. The joint venture, Arcius Energy, is 51% owned by BP and 49% owned...
Shell and Equinor Form UK North Sea Oil and Gas Joint Venture
Date: December 5, 2024
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway’s Equinor will merge their British North Sea assets to form what is set to be the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies’...
UBS on Track to Fully Own China Securities Joint Venture
Date: November 26, 2024
BEIJING/HONG KONG (Reuters) -One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own a sizeable securities brokerage in the world’s second-largest economy. Beijing State-owned Asset Management (BSAM) plans to auction off a 33% stake in the joint venture,...
UK’s Mothercare Partners With Reliance to Strengthen South Asia Presence
Date: October 18, 2024
(Reuters) – Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South Asian region, and said it refinanced its existing debt facilities with Gordon Brothers. Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51% stake in the JV that owns the Mothercare brand and related intellectual...
UniCredit Starts Process to Bring Life Insurance Business in House
Date: September 26, 2024
MILAN (Reuters) – UniCredit has told Allianz and CNP Assurances that it will buy their stakes in the life insurance joint ventures it runs with them as it brings the business in house, it said on Wednesday. The decision follows regulatory changes that render permanent capital relief measures known as ‘Danish compromise’ for banks...
Renault, Geely Create Joint Venture for Hybrid, Combustion Engines
Date: May 31, 2024
Renault, Geely create joint venture for hybrid, combustion engines (Reuters) -French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, hoping to improve the competitiveness of their legacy auto business. The venture is aimed at developing more efficient gasoline engines and hybrid systems,...