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  • US fund Elliott files appeal against Samsung merger ruling

    Samsung is a South-Korean multinational conglomerate, with headquarters in Seoul

  • Ratan Tata Joins Jungle Ventures as Special Advisor Business Wire - Thu, Jul 2, 2015 13:30 BST

    Jungle Ventures has announced that Mr. Ratan Tata, Chairman Emeritus of the Indian Conglomerate, Tata Sons, and an iconic business leader of modern India, will come on board as a Special Advisor.

  • GE meets EU regulators over Alstom power unit deal Reuters - Thu, Jul 2, 2015 11:35 BST

    General Electric (GE.N) met EU antitrust regulators on Thursday, hoping they will take a softer line on its 12.4-billion-euro (8.8 billion pounds) bid for Alstom's (ALSO.PA) energy unit. The U.S. conglomerate asked for the closed-door hearing after the European Commission said the deal, GE's biggest ever, would harm competition …

  • An influential investor advisor has urged Samsung C&T Corp <000830.KS> shareholders to reject a merger with a sister firm that would pave the way for a generational leadership change at South Korea's biggest family-run conglomerate. Ahead of what investors expect to be a tightly contested July 17 vote, advisor firm Glass …

  • Ratan Tata invests in taxi-hailing company Ola Reuters - Wed, Jul 1, 2015 11:28 BST
    Tata Group Chairman Emeritus Ratan Tata attends a panel discussion during the annual general meeting of Indian Merchants' Chamber in Mumbai

    Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has bought a stake in online taxi-hailing firm Ola, the company said on Wednesday. Tata, a respected business leader who was the chairman of salt-to-software Tata Sons for more than two decades, has previously invested in start-ups ranging …

  • SoftBank Group Corp said on Wednesday it had hired former LinkedIn Corp executive Deep Nishar as managing director of investments as the Japanese telecoms conglomerate targets growth overseas to counter ...

  • A worker works on a Samsung outdoor advertisement installed atop an office building in central Seoul

    A court on Wednesday rejected a U.S. hedge fund's bid to block a shareholder vote on the planned $8 billion merger of two Samsung Group companies seen as a key step in the leadership succession at South Korea's biggest family-run conglomerate. Elliott Associates, which owns 7.1 percent of construction firm Samsung C&T …

  • GE to sell European private equity financing unit to SMBC Reuters - Tue, Jun 30, 2015 17:30 BST
    Pedestrians are reflected on a sign outside a branch of Sumitomo Mitsui Banking Corporation in Tokyo

    General Electric Co (GE.N) said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp (SMBC) for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest …

  • Oil and shipping conglomerate A.P. Moller-Maersk said on Tuesday it was experiencing no problems funding operations in Greece or getting paid by Greek customers despite the imposition of capital controls by Athens. Maersk Line, the world's largest container shipping company, has offices in Greece and vessels passing though …

  • Rusagro eyes Asian investor for pork project in Russia's east-paper Reuters - UK Focus - Tue, Jun 30, 2015 10:04 BST

    Russian farming conglomerate Rusagro is looking for an Asian co-investor in its pork production project in Russia's Primorye region to help it enter eastern markets, the company's chief executive told the Vedomosti newspaper. "We are currently talking to a number of Japanese and Chinese and some other Asian investors," …

  • SARNICO, Italy/SINGAPORE (Reuters) - When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favoured by film star Sophia Loren, was the world's top …

  • Employee works on a yacht at the Ferretti's shipyard in Sarnico

    SARNICO, Italy/SINGAPORE (Reuters) - When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favored by film star Sophia Loren, was the world's top maker …

  • Industrial conglomerate's UK boss says it is 'critical' that UK stays in reformed EU

  • GE to defend Alstom power unit buy at EU hearing Reuters - Sat, Jun 27, 2015 01:56 BST
    The logo of US conglomerate General Electric is pictured at the company's site in Belfort

    General Electric (GE.N) will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro (US$13.9 billion) bid for Alstom's (ALSO.PA) power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the …

  • Marriott, Universal Music form partnership Associated Press - Thu, Jun 25, 2015 13:24 BST
    Marriott, Universal Music form partnership

    Marriott is getting into the music business, so to speak. The chain said Thursday it is linking up with Universal Music Group in a partnership in which some of the music conglomerate's top stars will perform ...

  • Tinder is going public Business Insider - Thu, Jun 25, 2015 12:35 BST

    Online dating is going public.  IAC/InterActive, the media conglomerate run by Barry...

  • Powerful Brazil CEO arrested in Petrobras graft probe Reuters - Wed, Jun 24, 2015 17:51 BST
    Andrade Gutierrez CEO Otavio Marques Azevedo leaves the Federal Police headquarter, in Sao Paulo

    Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade …

  • China's CITIC Ltd. <0267.HK>, the state-owned conglomerate, said on Wednesday that its banking, securities, trust and construction divisions will jointly invest more than 700 billion yuan ($112.79 billion) to support China's "One Belt, One Road" initiative. Under its so-called "One Belt, One Road" initiative, China aims …

  • Bouygues Hangs Up but Line Open for French Telco Merger -- The Short Answer The Wall Street Journal - Wed, Jun 24, 2015 13:41 BST

    Bouygues, the French construction-to-media conglomerate, has given investors in France's telecom sector a cold shower by rejecting a $11-billion bid for its telecom unit from Numericable-SFR. Analysts aren't convinced consolidation won't still happen. Here's why.

  • Industrial conglomerate says smart components in equipment will boost world economy by $1 trillion

  • Bouygues plunges after rejecting Altice offer Sharecast - Wed, Jun 24, 2015 11:52 BST

    Shares in French conglomerate Bouygues fell 8% on Wednesday after the company said that its board of directors has decided unanimously not to follow up on Altice's unsolicited offer to acquire Bouygues ...

  • French telecom stocks underperform steady European equity markets Reuters - UK Focus - Wed, Jun 24, 2015 09:14 BST

    European stock markets were steady on Wednesday, consolidating gains made this week on expectations of a Greek debt deal, although French telecoms stocks slumped after Bouygues rejected a bid for its telecom arm. Bouygues fell 7.7 percent after the conglomerate's rejection of the Altice offer for its telecoms division. …

  • Indonesian conglomerate Rajawali Group said it was "not interested" in 1MDB's Tun Razak Exchange, one of the state fund's two major property projects, the Star reported, citing from an interview ...

  • Bouygues shuns Altice's bid for telecom arm Reuters - Tue, Jun 23, 2015 22:07 BST
    The logos of French telecom operators Bouygues Telecom and SFR are seen on a mobile phone store front in Paris

    French conglomerate Bouygues on Tuesday snubbed an offer for its telecom unit from larger rival Altice that sources put at 10 billion euros ($11.2 billion), citing execution risks and confidence it could prosper on its own. The board believes Bouygues Telecom is well placed to benefit from a new period of growth in the …

  • Bouygues faces crossroads choice on telecoms business Reuters - Tue, Jun 23, 2015 14:23 BST
    Martin Bouygues, CEO of Bouygues, speaks at the inauguration ceremony for the Henri Konan Bedie toll bridge in Abidjan

    Martin Bouygues, scion of one of France's top industrialist families, must decide on Tuesday whether to part with the telecoms business that is his main contribution to the conglomerate built by his father. The Bouygues (BOUY.PA) board is due to meet later on Tuesday to discuss what sources said was a 10-billion-euro ($11.3 …

  • Malaysia's Sunway Construction Group Bhd (IPO-SCOG.KL) is likely to set a tight price range for its initial public offering (IPO) bookbuilding process, two people with knowledge of the matter said, due to strong demand from domestic investors. The top end of the range will value the IPO at 498 million ringgit ($133.35 …

  • MUMBAI (Reuters) - Industrial conglomerate Larsen & Toubro Ltd(LART.NS) will list its IT services unit L&T Infotech by December this year, Chairman AM Naik told CNBC TV18 on Tuesday. The company, which ...

  • Logo of Toshiba Corp is seen as people are reflected on a window at the company's Hydrogen Energy R&D Center after its opening ceremony in Tokyo

    Toshiba Corp's semiconductor and personal computer businesses were also affected by accounting irregularities, which is likely to force the Japanese industrial conglomerate to revise down profit further, ...

  • Now we know who's buying Martha Stewart Business Insider - Mon, Jun 22, 2015 14:38 BST

    Martha Stewart Living is selling to Sequential Brands, the New York-based conglomerate...

  • Japan headquartered telecommunications and Internet major SoftBank Corp. , leading Indian business conglomerate Bharti Enterprises Limited and Taiwan-based top design and manufacturing services provider Foxconn Technology Group , came together with plans to form a joint venture, SBG Cleantech Limited to promote the adoption …

  • A British Sky Broadcasting Group (BSkyB) logo is seen at the company's UK headquarters in west London

    Shares in Sky rose 5 percent on Monday, topping the FTSE 100 leaderboard, after a media report said the Murdoch family had rebuffed two offers for their 39 percent stake in the pan-European pay-TV group. French media conglomerate Vivendi (VIV.PA), the owner of pay-TV group Canal+, was considering a potential acquisition …

  • Brazil's OAS unveils restructuring plan ahead of deadline Reuters - Sat, Jun 20, 2015 19:38 BST

    Brazilian engineering and construction conglomerate OAS S.A. [OAS.UL] late on Friday unveiled a restructuring plan to a Sao Paulo court, the latest step in a plan to avert bankruptcy amid a corruption scandal at Petróleo Brasileiro SA. The plan, which still needs approval by the court, laid out two scenarios for the restructuring …

  • Lawyers for three jailed executives of Brazilian conglomerate Odebrecht will file for habeas corpus to free them in the coming days, one of the company's attorneys told a news conference on Friday. Earlier ...

  • File photo of a man touring a showroom of Samsung Electronics Co. in Seoul

    A South Korean court on Friday said it will rule by July 1 on U.S. hedge fund Elliott's injunction request to block a Samsung C&T Corp <000830.KS> shareholder vote on an $8 billion takeover bid from Cheil Industries Inc <028260.KS>. In an unusual example of shareholder activism in South Korea, the fund told the court Cheil's …

  • Samsung flags are set up at main entrance to Berlin fair ground

    U.S. hedge fund Elliott ramped up a campaign to block a proposed $8 billion (5 billion pounds) merger of two Samsung Group firms on Thursday, laying out its case online a day before a court hearing on a deal seen key to a leadership succession in the family-run conglomerate. Escalating what is already a rare case of shareholder …

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