Archive for August, 2010

Clas Ohlson, Sweden’s third- largest retailer after Ikea and H&M, planning to open up to 200 stores in Britain in expansion bid

Comments Off | 08-31-2010

Reports emerged over the weekend that one of Sweden’s foremost retailers is mulling an expansion in the UK. Clas Ohlson, the third biggest retailer in Sweden, is keen on establishing around 200 stores in Britain, a move that will create an impressive 7000 jobs. Clas Ohlson comes third to Ikea and H&M, Swedish clothing chain

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Posted in FDI news UK, General, Retail | Read More

Corus signs MOU to sell its Teesside cast products (TCP) steelmaking facility in the UK to Thailand’s Sahaviriya Steel Industries (SSI)

Comments Off | 08-30-2010

Corus, Tata Steel’s European unit, Friday announced that it had reached an agreement with Thailand firm, Sahviriya Steel Industries for the sale of Corus’ Teesside Cast Products facility in the UK. The investment acquisition will cost the Thailand firm around $500 million. In a statement issued Friday announcing the deal, Tata Steel, one of India’s

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Posted in FDI news UK, General, Manufacturing Investment UK | Read More

UK Oil Explorer Company Heritage Oil looking for acquisitions after the sale of its assets in East Africa leaves it with substantial cash reserves

Comments Off | 08-28-2010

UK oil explorer, Heritage Oil reported that it is mulling acquisitions after acquiring substantial cash reserves from the sale of its assets in East Africa. Heritage Oil sold its assets in Uganda, East Africa, exiting the market even as controversy rages on over its tax dispute with the Ugandan government.
From the sale of its assets,

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Posted in FDI news UK, General, Oil and Gas | Read More

UK’s Vodafone may sell its assets in Poland, China and France as it withdraws from underperforming international business from expansion

Comments Off | 08-27-2010

UK based Vodafone, the world’s biggest telecom operator in terms of revenue, may be mulling the sale of its assets in Poland, China and France. The move is targeted at assuaging investors concerned over the firm’s unimpressive international business expansion. It comes as a withdrawal from its underperforming small businesses globally, a move the firm

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Posted in FDI news UK, General, Telecommunication sector UK | Read More

Edinburgh based firm Forth Ports looking for acquisitions of other port businesses after fighting off a takeover bid from stakeholders

Comments Off | 08-26-2010

In an announcement Tuesday, Edinburgh based firm, Forth Ports said it is mulling the acquisition of other port businesses, coming after it prevented a takeover bid by its stakeholders. The firm reported a 29% hike in its interim profits and reported that it is planning acquisitions to bolster its position. Forth Ports was the target

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South Africa based Barnard Jacobs Mellet Holdings contemplate selling of its UK and US units to India’s Religare Enterprises’ financial units

Comments Off | 08-25-2010

South Africa based firm Barnard Jacobs Mellet Holdings Monday said it plans to dispose off its UK and US units to Religare Enterprises financial units. Barnard Jacobs Mellet Holdings, a South African brokerage firm, said that it plans to sell the UK and US business for an estimated $7.28 million. Barnard Jacobs Mellet Holdings was

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Posted in FDI news UK, Finance industry, General | Read More

US food giant Campbell Soup keen on acquiring UK based biscuit producer United Biscuits

Comments Off | 08-24-2010

A US food giant Monday announced its keen on acquiring the UK based biscuit maker, United Biscuits. The American firm, Campbell Soup said it plans to launch a £1.5 billion bid for United Biscuits. Campbell Soup is an American food group and the plans indicate that it’s mulling a £1.5 billion break up offer for

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Colfax Corporation announces acquisition of UK based Baric Group

Comments Off | 08-23-2010

US based Colfax Corporation Friday announced the acquisition of UK based supplier of fluid handling systems, Baric Group. Colfax Corp is one of the foremost firms globally in the provision of fluid handling solutions for crucial industrial applications. On its part, UK headquartered Baric Group is a premier supplier of highly engineered fluid handling systems

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Posted in FDI news UK, General, Manufacturing Investment UK | Read More

Korea National Oil makes a hostile takeover bid for UK explorer Dana Petroleum Plc

Comments Off | 08-21-2010

After its original bid was rejected, Korean state owned oil explorer, Korea National Oil made a hostile bid pegged at £1.87 billion for Dana Petroleum, the UK based oil explorer. In a statement from the Korean firm, it reported that it had made an offer of 1,800 pence per share and the purchase of Dana’s

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Posted in FDI news UK, General, Oil and Gas | Read More

US based credit and debit card payments processing company MasterCard has agreed to purchase of the UK’s DataCash Group Plc

Comments Off | 08-20-2010

MasterCard Inc. Thursday announced it had reached an agreement for the purchase of the UK based payment services provider DataCash Group Plc. The investment will see the US based MasterCard part with £333 million in an all cash deal. The US based processor of credit and debit card payments said the UK investment is targeted

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Posted in FDI news UK, Finance industry, General | Read More