Mail.ru and Sberbank create Russia’s leading platform in mobility and food-tech

LONDON: Mail.ru Group and Sberbank have completed the formation of a joint venture (JV) focused on digital technologies for food and transportation markets. All the necessary corporate governance and regulatory approvals, including the approval from Federal Antimonopoly Service, have been received and all documents have been signed. The parties have… Continue reading

Breedon completes Breedon Southern Limited joint venture

LONDON: Breedon Group has confirmed completion of the Breedon Southern Limited joint venture with Robert Brett & Sons Limited in Capital Concrete Limited. The new venture will trade as Capital Concrete, the current name of Brett’s existing London business. Breedon Group plc is a leading construction materials group in Great… Continue reading

Daiwa PI commenced microfinance business operation in Myanmar

TOKYO: Daiwa PI Partners Co. Ltd., a subsidiary of Daiwa Securities Group Inc., commenced its microfinance business operation under DO Microfinance Company Limited, a joint venture company with OK Myanmar Company Limited (OKM), after obtaining Microfinance Business License. In Myanmar, financial system is at the early stage of development and… Continue reading

Alibaba Group, MegaFon, Mail.ru Group and RDIF close joint venture deal

Moscow: Alibaba Group, a global digital commerce company, MegaFon, a pan-Russian operator of digital services, Mail.ru Group, the leading internet and IT company in Russia, and the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announce the completion of the joint venture transaction to integrate Russia’s key consumer internet… Continue reading

MXC Capital invests £4.9 million into new joint venture

LONDON: MXC Capital Limited, the technology focused adviser and investor, has made a £4.9 million investment into Channel Islands Media Group Limited (CIMG), its newly established joint venture with the Bailiwick Investment Limited, a specialist fund which is administered and managed by Ravenscroft Limited, with whom MXC has an existing… Continue reading

Gulf Drilling signs a joint venture agreement with Seadrill

DOHA: Gulf Drilling International (GDI), a wholly owned subsidiary of Gulf International Services (GIS), has executed a joint venture agreement with Seadrill limited to service the Qatar Petroleum North Field Expansion drilling program. The joint venture comes in line with GIS’s strategy to capture new business opportunities that would potentially… Continue reading

NewRiver REIT completes formation of joint venture with Bravo

LONDON: NewRiver announced that it has signed the shareholder agreement to complete the formation of a new joint venture (JV) with BRAVO Strategies III LLC. [the_ad id=”31605″]This follows the announcement on 23 May 2019 that terms had been agreed with BRAVO, in principle, to form a new JV. It is… Continue reading

Westminster Group forms new joint venture in the Kingdom of Saudi Arabia

LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has entered into a joint venture agreement with a significant partner in the Kingdom of Saudi Arabia, Hazar International. [the_ad id=”31605″]Hazar has been providing products and services in a broad range of industries, particularly within… Continue reading

LNG Business: AEI Corporation signs agreement to collaborate with Zhongneng International Gas

SINGAPORE: The board of directors of AEI Corporation Ltd. announced that the company and Zhongneng International Gas Co., (ZNI) have entered into a framework agreement dated 13 June 2019 in relation to the proposed collaboration with respect to the purchase and sale of liquefied natural gas (LNG) and LNG business… Continue reading