Chinese Government gets the Jitters after PetroChina Backtracks on the Auction Plan of its Gas Pipeline Unit

PetroChina is reconsidering a plan to auction off its natural gas pipeline unit which is worth multi-billion dollars and could instead offload it to an affiliate. Offloading PetroChina Eastern Pipelines Co Ltd to the affiliate, which is 50 percent owned by PetroChina, would enable China’s largest energy producer to maintain control over the national gas […]

Acquisition of Subscription Startup Citrus Lane by Care.com

Massachusetts-based company, Care.com, which runs an online marketplace for managing and finding family care resources such as senior caregivers and babysitters, has acquired the e-commerce startup, Citrus Lane which sells monthly subscription boxes of products which are aimed at kids and babies. In the end of the first quarter in 2014, Care.com had 10.7 million […]

Fonterra Teams up with Abbott to Develop a Major Dairy Farm Hub in China

In China, the world’s biggest dairy exporter, Fonterra is teaming up with Abbott, a US-based health care and pharmaceuticals giant to develop plans for a major dairy farm hub. If the proposal receives the green light from Chinese regulators, then would be Fonterra’s third farm hub in China and would begin milk production in the […]

SABMiller to Offload 39.6 percent Stake in Tsogo Sun Holdings

British brewing and beverage company, SABMiller said that it would sell its stake in Tsogo Sun Holdings, the South African casino and hotel group following a strategic review. SABMiller said that its 39.6 percent stake in Tsogo Sun is worth approximately 11.7 billion South African rand or roughly $1.1 billion. This month, SABMiller plans to […]

Private Equity Firm Brynwood Partners to acquire Nestlé’s Juicy Juice Brand

Nestlé, the food giant said that it would sell its fruit drinks brand, the Juicy Juice to Brynwood Partners, the buyout firm. This deal by Nestlé is the latest in a series of sales, as the company streamlines its brand offerings to focus on more profitable business lines. The terms of the deal were not […]