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Industrial Conglomerates

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Pasona Group to acquire stake in unit of Mitsubishi Heavy Industries

Thursday, 28 Sep 2017 03:17am EDT

Sept 28(Reuters) - Pasona Group Inc <2168.T>:Says a wholly owned human resources service unit of Mitsubishi Heavy Industries Ltd <<<7011.T>>> will take over business from a Nagasaki-based wholly owned unit of Mitsubishi Heavy Industries, effective April 2018.Says the company will acquire more than two-thirds stake in the human resources service unit of Mitsubishi Heavy Industries, transaction date in April 2018.Price undetermined .

Sime Darby approved proposal to distribute shareholding in SD Plantation and SD Property to shareholders of co

Friday, 25 Aug 2017 04:08am EDT

Aug 25 (Reuters) - Sime Darby Bhd :Approved proposal to distribute its entire shareholding in Sd Plantation and Sd Property to shareholders of Sime Darby.

Russian court to continue Sistema trial on Aug. 9

Tuesday, 8 Aug 2017 10:14am EDT

Aug 8 (Reuters) - Russian business conglomerate Sistema , SSAq.L::A court in the Russian region of Bashkortostan will continue hearing oil company Rosneft's <<>> lawsuit against Sistema on Aug. 9, Russian news agencies reported on Tuesday..State-controlled Rosneft is suing Sistema for 170.6 billion roubles ($2.85 billion) in damages following its purchase of oil producer Bashneft <<>> last year, saying some assets were removed from Bashneft. nL8N1JO14S.

Siemens sees 100-200 mln eur revenue loss in Russia

Thursday, 3 Aug 2017 03:33am EDT

Aug 3 (Reuters) - Siemens :CEO says has acted to limit Crimea turbines damage, does not rule out further measures.CFO says to book Tennet order worth high triple-digit million-euro amount in fiscal Q4.Board member Sen says Gamesa <<>> integration to be done in 3 instead of 4 yrs.CEO says expects to lose 100-200 million eur of sales in Russia due to Crimea turbines affair.CEO, asked about transportation JV with Bombardier <<>>, says wouldn't bet on short-term development.Board member Sen says financing acquisitions is not the only goal of Healthineers IPO.CFO says very happy with what we are seeing in short-cycle, software businesses.CFO says PG has tough quarter and year ahead of it; structural changes will be unavoidable.Board member Sen reiterates will keep majority of Healthineers in medium term.Board member Sen says most healthcare peers listed in USA.Board member Sen says has to consider where will get best liquidity, market making in deciding where to list.

Mitsubishi Heavy Industries to transfer business to units

Monday, 31 Jul 2017 01:02am EDT

July 31(Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it will transfer shipbuilding and ocean business, chemical plants and traffic products related engineering business, and hydraulic machinery related quality assurance, procurement function and manufacturing capabilities business to wholly owned units .Effective Jan. 1, 2018.

Toshiba updates on preliminary injunctive relief brought by Western Digital

Monday, 17 Jul 2017 09:07pm EDT

July 17 (Reuters) - Toshiba Corp <6502.T>:Toshiba updates on preliminary injunctive relief brought by Western Digital.At July 14 hearing, superior court of California did not rule on Western Digital's injunction request.Says agreed not to close deal before July 28 hearing.Toshiba - court suggested cos work on agreement on court's proposal for Toshiba providing with two weeks' advance notice on closing memory business sales.Says Toshiba's current target is to close deal by end of March 2018.

Mytilineos says shareholders approve change in organizational structure

Friday, 7 Jul 2017 05:53am EDT

July 7 (Reuters) - MYTILINEOS HOLDINGS SA ::SAYS SHAREHOLDERS APPROVE CHANGE IN ORGANIZATIONAL STRUCTURE.SAYS NEW STRUCTURE TO HAVE 4 BUSINESS UNITS: EPC, ELECTRIC POWER, METALLURGY, GAS TRADING.

Ackermans & VAN HAAREN and CFE examine combination of their construction activities‍​

Wednesday, 28 Jun 2017 12:29pm EDT

June 28 (Reuters) - ACKERMANS & VAN HAAREN NV ::AND CFE EXAMINE COMBINATION OF THEIR CONSTRUCTION ACTIVITIES‍​.TRANSACTION COULD TAKE PLACE IN THE COURSE OF THE FOURTH QUARTER OF 2017.

Mytilineos sets the 300 mln euro bond yield

Tuesday, 20 Jun 2017 09:34am EDT

June 20(Reuters) - MYTILINEOS HOLDINGS SA ::SAYS THE YIELD FOR 5 YEARS EUR 300 MILLION BOND WILL BE IN A RANGE OF 3.00 PCT TO 3.50 PCT .THE INTEREST RATE MAY BE EQUAL TO THE FINAL YIELD OR BE LOWER BY UP TO 25 BASE UNITS.THE FINAL YIELD WILL BE DETERMINED BY THE JOINT COORDINATORS AND BOOKRUNNERS WITHIN THE YIELD RANGE FOR THE PARTICIPANTS IN THE BOOK BUILDING PROCESS.THE FINAL YIELD, THE INTEREST RATE AND THE OFFER PRICE SHALL BE PUBLISHED, AT THE LATEST, THE NEXT BUSINESS DAY FOLLOWING THE END OF THE PUBLIC OFFER.

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