Global Deals

This category contains 7 posts

Burger King eyes China expansion

Burger King Worldwide Holdings Inc said on Friday it plans to open 1,000 of its namesake restaurants in China over the next five to seven years under a newly-formed joint venture. China is the world’s fastest growing major economy and U.S. restaurant companies such as Yum Brands Inc, McDonald’s Corp and Starbucks Corp each plan … Continue reading

PetroChina in talks to buy Valero’s Aruba refinery

PetroChina Co Ltd is in talks with Venezuela to buy  Valero Energy‘s shuttered refinery in Aruba, sources said, the latest move by China’s oil giants to take advantage of a global refining downturn to beef up supply. PetroChina, Asia’s largest oil and gas producer, has made a string of overseas refinery acquisitions in the past … Continue reading

China’s Bright Food buys Weetabix

China‘s Bright Food will take control of breakfast cereal maker Weetabix, beloved by generations of British children, in the biggest foreign acquisition by a Chinese food group. State-owned Bright Food has agreed to buy a 60 percent stake in a deal which puts a value of 1.2 billion pounds ($1.94 billion), including debt, on the … Continue reading

Embraer signs $2.5 billion financing deal with China’s ICBC

Brazilian planemaker Embraer signed a memorandum of understanding on Monday with China’s ICBC Financial Leasing Co. Ltd. under which ICBC will provide up to $2.5 billion in financing for planes over five years in one of Embraer’s most promising markets. Embraer expects demand for 430 commercial jets of up to 120-seat capacity and 635 executive … Continue reading

Nestle near buying Pfizer’s baby formula

Nestle, the world’s biggest food group, is closing in on a deal to buy Pfizer’s infant nutrition business for up to $10 billion to boost its business in China and extend its lead in the world of formula milk for babies, sources familiar with the matter said on Wednesday. “Nestle is in the lead position … Continue reading

Argentine move to seize YPF spoils Sinopec deal

Argentina’s move to nationalise local oil company YPF, controlled by Spain’s Repsol, has spoiled years of planning by China’s Sinopec Group to buy the South American company, sources said. Bankers said China’s second-largest oil company had held talks with Repsol to buy its controlling 57-percent stake in YPF. Chinese website Caixin.com cited a source as … Continue reading

China power giant inks $2.4 billion India project

Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second phase of the project for India’s Infrastructure Leasing & Financial Services Limited (IL&FS) will include … Continue reading

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