Heineken sets path for growth within Spain

Article Abstract:

Heineken NV has reached an agreement to acquire Diageo PLC's 88% share of Grupo Cruzcampo SA. Heineken acquired the share for 570 million pound sterling (872.9 million euros). The deal strengthens Heineken's position in Spain's beer market. Spain is the third-largest beer market in Europe. The acquisition must first be approved by European regulators. Heineken, which already owns a controlling interest in the El Aguila brand, will have almost 40% of the Spanish market if the deal pushes through.

Comment:

Heineken to acquire Diageo's 88% share of Grupo Cruzcampo for 570 million pounds

Asset sales & divestitures, Netherlands, Beer & Other Malt Beverages, Breweries, Spain, Liquor, Distilleries, Malt beverages, Brewing industry, Abstract, Diageo PLC, Heineken N.V., Liquor industry, Grupo Cruzcampo S.A.

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ABB is near energy group sale

Article Abstract:

ABB Ltd. is close to reaching a deal on selling the majority of its oil, gas, and petrochemicals operations. A JP Morgan Partners-led consortium is bidding to acquire the operations for just over $1 billion (889 million euros).

United States, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Investment Offices, Investment Companies, Open-End Investment Funds, Crude Petroleum & Natural Gas, Investment Funds & Trusts, HOLDING AND OTHER INVESTMENT OFFICES, Petroleum industry, Petroleum chemicals industry, Petrochemicals industry, ABB Ltd., J.P. Morgan Partners

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Synthes-Stratec, Mathys Medical to unveil merger

Article Abstract:

Mathys Medical and Synthes-Stratec have announced that they are close to merging their operations. Both firms are manufacturers of orthopedic products.

Medical equipment and supplies industry, Medical equipment industry, Mathys Medical Ltd., Synthes-Stratec Inc.

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