Latest Posts Under: Business News Articles

Ant Financial, Vanguard create JV for investment advisory services in China

Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The joint venture will combine the technology of Ant Financial Services’ Alipay, a third-party mobile and online payment platform, with the […]

IFF to acquire DuPont’s Nutrition & Biosciences in $26.2bn deal

International Flavors & Fragrances (IFF) has agreed to acquire DuPont’s Nutrition & Biosciences (N&B) business in a $26.2 billion deal to create a combined company valued at $45.4 billion. Upon closing of the deal, DuPont’s shareholders will hold a 55.4% stake in the new company, while existing IFF shareholders will own the remaining stake of […]

VetPartners to acquire National Veterinary Care for $168.5m

VetPartners Australia and New Zealand, a veterinary clinic chain operator, has signed a deal worth AUD 248.4 million ($168.56 million) to acquire National Veterinary Care (NVC), an Australian veterinary services company. As per the terms of the deal, VetPartners, which is owned by Australian Veterinary Owner’s League, has offered to buy 100% of National Veterinary […]

JBS USA plans to acquire J&B Group meat processing facility in Pipestone

Brazilian meat processing giant JBS said that its US subsidiary JBS USA has signed an agreement with J&B Group to lease the latter’s meat processing facility in Pipestone, Minnesota. JBS USA plans to purchase the meat processing facility in Pipestone in the future months for an undisclosed amount. The Pipestone meat processing plant was originally […]

Siemens Gamesa to acquire certain European assets of Senvion Group

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy has signed a deal worth €200 million to acquire selected European assets of German wind turbine manufacturer Senvion Group. The transaction includes assets mainly belonging to the European onshore service business of Senvion Group and all related assets and operations that offer full service, all the intellectual […]

3M to sell drug delivery business to Altaris Capital for $650m

US industrial conglomerate 3M has signed a cash-cum-stock deal worth around $650 million to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners for about $650 million, as per the latest pharma acquisition news. As per the terms of the deal, the total consideration includes cash, an interest-bearing security, […]

Constellation Brands, E. & J. Gallo Winery sign revised deal to address FTC concerns

US drinks companies Constellation Brands and E. & J. Gallo Winery have agreed to revise their previously announced $1.7 billion deal in order to address regulatory concerns, as per the latest drinks acquisition news. Constellation Brands said that the revisions to the transaction are to resolve competitive issues brought up by the US Federal Trade […]

Nestlé to sell US ice cream business to Froneri for $4bn

Nestlé has agreed to sell its US ice cream business to Froneri, its ice cream manufacturing joint venture with PAI Partners, for $4 billion, as per the latest food acquisition news. The ice cream business being divested by Nestlé in the US manufactures ice cream brands such as Häagen-Dazs, Outshine, and Drumstick. The Swiss food […]

Vitol takes full ownership in asphalt trading business VALT

Vitol has taken full ownership in asphalt trading business VALT after acquiring the remaining 50% stake it previously didn’t own from its joint venture partner Sargeant Marine. The VALT bitumen joint venture was established by Vitol and Sargeant Marine in 2016. Sargeant Marine is an asphalt trading, storage and transportation business. The asphalt trading business […]

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