POST Online Media Lite Edition



 

Companies : Page 2711

Aeon spreads in Vietnam with Fivimart and Citimart

January 29, 2015
Aeon Co., Ltd. has reached an agreement on a capital and business tie-up with First Vietnam Joint Stock Company (Fivimart) and Dong Hung Co. (Citimart), two companies developing supermarket business in Vietnam.

BP cuts 255 jobs in Azerbaijan, remains in region

January 29, 2015
BP said it had cut around 8 percent of its workforce in Azerbaijan, or 255 jobs, as it streamlines costs in response to the "challenging market environment".

Blur 2014 bookings of $49.1m doubling 2013 bookings

January 29, 2015
Blur Group, the international e-commerce company for businesses to buy or sell services, announces project bookings for the full year 2014 of $49.1 miilion (2013 $22.2m); more than double previous full year bookings.

CommScope to buy TE Connectivity's businesses for $3 billion

January 29, 2015
CommScope Holding Company, Inc. has agreed to acquire TE Connectivity's Telecom, Enterprise and Wireless businesses in an all-cash transaction valued at approximately $3 billion.

Lidl to open largest distribution centre in Spain

January 29, 2015
The German supermarket chain, Lidl, has started construction on what will be the largest logistics centre in Europe.

Tesco revealed 43 stores that are to be closed

January 29, 2015
Tesco has revealed the stores that are to be closed, following its trading statement from January 8, 2015, that it will close 43 unprofitable stores.

Shareholders approve Reynolds' $27.4 billion acquisition of Lorillard

January 28, 2015
Reynolds American (RAI) and Lorillard have entered into a definitive agreement in which RAI has agreed to acquire Lorillard in a cash-and stock transaction currently valued at $68.88 per Lorillard share, or a total of $27.4 billion, including the assumption of net debt.

Enstar Group completes acquisition of Companion

January 28, 2015
Enstar Group announced that one of its wholly owned subsidiaries completed the acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina.

United Community Banks to buy MoneyTree for $52 million

January 28, 2015
United Community Banks, Inc. and MoneyTree Corporation announced a definitive agreement for United to acquire MoneyTree and its wholly-owned bank subsidiary, First National Bank.

Qatari-led group wins $4 billion battle for London's Canary Wharf

January 28, 2015
A Qatari-led consortium looked set to win its long-running battle to buy Songbird Estates after the owner of London's Canary Wharf business district dropped its opposition to the $4 billion offer.

TI Automotive to be sold to Bain Capital

January 28, 2015
TI Automotive has entered into a definitive agreement to be acquired by Bain Capital. The existing management team will continue to lead the company. Financial terms of the private transaction were not disclosed.

Yahoo to spin-off of remaining stake in Alibaba Group

January 28, 2015
Yahoo! Inc. announced management has recommended and the Board of Directors has authorized a plan for a tax-free spin-off of the company's remaining holdings in Alibaba Group into a newly formed independent registered investment company (SpinCo).