Tag «Merger»

Asia Pacific Internet Group’s PricePanda announces merger with Australia’s Getprice and new funding

Merger to create a market-leading comparison shopping network across Asia Pacific • Both businesses to operate under the Next Commerce banner which leverages Getprice’s sophisticated technology platform and PricePanda’s operational expertise in emerging markets • Focus on continued growth in the Australian market as well as further expansion in South East Asia and other emerging …

Glencore Xstrata plc: Merger of Mutanda and Kansuki mining operations

25 July, 2013 Glencore  Xstrata  plc  (“Glencore”) is pleased to announce that it has now completed  the  merger  of Mutanda Mining Sarl (“Mutanda”) and Kansuki Sarl (“Kansuki”)  (the  “Merger”),  as  previously communicated.  The Merger has been  implemented by way of the absorption of Kansuki into Mutanda with the consideration for such absorption being the issue of new Mutanda shares. Following  completion of the Merger, Glencore has a 54.5 …

12th April, 2013 : Market echoes Infy woes

What a dreadful day for the market in general and Infosys in particular! The Indian equity indices ended with deep cuts on Friday as sentiment got hit post disappointing quarterly earning announced by Infosys. The stock plunged over 25% in a single trading session registering its biggest single day fall since April 2003. After an …

Xstrata – Update on Merger with Glencore International plc

Zug, 22 January 2013 Xstrata notes today’s decision by the South African Competition Tribunal confirming that under the South African Competition Act it has cleared the recommended all-share merger of equals between Glencore and Xstrata. Completion of the Merger remains conditional upon the receipt of the outstanding regulatory approval in China and completion of the …

Trends and Developments in Steel Sector

Steel Sector Trends India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI) or …