NEW DELHI: Agro-chemical major UPL has divested its entire stake in its joint venture United Phosphorus (Bangladesh) as part of the company’s plan to reorganize its overseas businesses. “The company has...
Chemical and Fertiliser
Bayer open to buying 26% stake in Monsanto India
MUMBAI: German chemicals conglomerate BayerBSE 3.22 % made an open offer to buy 26% in MonsantoBSE 4.86 % India as part of a global deal. Bayer is acquiring the US-based seed major Monsanto for $66 billion. The open...
Blame Bad Timing: Potash-Agrium Deal Seen Facing Scrutiny
It’s unlikely to be easy sailing when Potash Corp. of Saskatchewan Inc. and Agrium Inc. take their plans to combine and become the world’s top fertilizer company in front of regulators. The blame lies with the timing...
Agrium, Potash Say To Merge Into $36-Bln Crop Fertiliser Giant
Canadian-based rivals Agrium Inc and Potash Corp on Monday said they had agreed to merge to create a $36-billion global crop fertiliser behemoth. The new company will combine potash, nitrogen and phosphate production...
Canada fertilizer merger faces easier approval at home than in U.S.
Canada’s Potash Corp of Saskatchewan (POT.TO) and Agrium Inc (AGU.TO) are more likely to win approval for a potential merger in Canada than the United States, but U.S. rejection of the deal would scuttle it...
CANADA STOCKS-TSX rises; merger report boosts fertilizer companies
* TSX up 45.41 points, or 0.31 percent, at 14,727.38 * Six of the TSX’s 10 main groups are higher Aug 30 Canada’s main stock index rose in early trade on Tuesday, boosted by a rebound in energy stocks and...
Mitsubishi sells majority stake in MCCPTA to The Chatterjee Group
KOLKATA: The Chatterjee Group (TCG) will acquire a ‘substantial majority’ in MCC PTA India Corp (MCPI), a subsidiary of Mitsubishi Chemical Corporation. TCG hopes to complete the acquisition by November and...
NFCL picks equity in Kakinada Fert
Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has decided to acquire 50,000 equity shares of Rs 10 each amounting to Rs 5 crore in the equity share capital of Kakinada Fertilizers Ltd (KFL), a company involved in...
Heineken increases stake in United Breweries to 43%
Dutch beer maker Heineken increased its stake in United Breweries to 43 per cent by buying shares in the open market even as UB chairman Vijay Mallya battles an outrage for loans he owes to banks. Mallya holds 32.45 per...
Dutch beer giant Heineken appoints JM Financial to help increase stake in United Breweries.
Dutch beer giant Heineken has appointed investment bank JM Financial to help increase its stake and control in United Breweries in yet another sign that beleaguered liquor baron Vijay Mallya’s hold over the last...
In bid to reduce debt, USL puts plan to sell properties on fast track.
India’s largest spirits maker, United Spirits (USL), majority owned by UK’s Diageo Plc, has hastened the process of selling 13 residential properties and mandated a leading banker to re-evaluate these...
GCPL arm acquires majority stake in Kenya-based Canon Chemicals
A subsidiary of fast-moving consumer goods firm Godrej Consumer Products Ltd (GCPL) has acquired a majority stake in Kenya-based Canon Chemicals Ltd for an undisclosed sum. Canon Chemicals manufactures and distributes...
