Atlas Copco to acquire Edwards Group for up to $1.6 billion
Reuters 19 August 2013 Swedish engineering group Atlas Copco said on Monday it was buying British industrial technology firm Edwards Group for up to $1.6 billion, an investment which should help it offset volatile swings in its mining business. Atlas Copco, which...
Chaoyue to Acquire Scrap Metal Producers for HK$10 Billion
Bloomberg 18 August 2013 Chaoyue Group Ltd. agreed to buy two Chinese makers of stainless steel and copper products for HK$10 billion after selling its main water purification businesses. Chaoyue will pay Chung Ming Metal Resources Holdings Ltd. HK$3 billion in cash...
Alibaba buys stake in online shopping firm ShopRunner
Reuters 16 August 2013 Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on Friday. The acquisition is part of a...
L’Oreal to Buy Magic Holdings International for $843m
Bloomberg L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company. L’Oreal will pay HK$6.30 a share in cash...