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CLSA Capital Partners’ ARIA IV Funds invest an aggregate of INR 550 million (US$ 9.2 million) in Luminous Water Technologies


LWT, which is based in Gurgaon, India, owns Livpure, the fastest growing reverse osmosis (“RO”) water purifier brands in the Indian domestic market. LWT is engaged in the design, manufacturing, distribution and servicing of water purifier and water filter systems for home, residential and commercial use. Since its launch in 2012, “Livpure” has already attained a prominent position in the RO segment. Increasing health awareness and the demand for pure drinking water in India as well as rising disposable incomes have created opportunities for ... Read More »

US: Backstreet Boys sign publishing and masters deal with BMG


The announcement comes as Backstreet Boys celebrate their 20th Anniversary and see all five original members back together again. The Grammy nominated pop vocal group has generated sales of over 130 million albums worldwide, won countless music industry awards, and ushered in a chapter of pop culture that commandeered the world’s radio airwaves, broke music and concert sales records, and launched a new generation of teen idols. Backstreet Boys were recently honored with a star on the legendary Hollywood Walk of Fame. BMG will exclusively rel... Read More »

Prudential named among nation’s top 25 diversity councils


“I’m delighted the association has honored our efforts,” said Richard Meade, vice president and chief legal officer for Prudential international law. “We’ve been committed to diversity for many years and remain dedicated to building and maintaining an inclusive and accepting culture within our department. Attracting and retaining diverse talent, building relationships with diverse professional associations and encouraging diversity among vendors and service providers is an integral part of talent management within LCBE.” The top 25 diversity... Read More »

Disclosure in accordance with Article 14 of the Luxembourg Transparency law


During the month of July 2013 the Company has, in accordance with the mandate given by the 2008 Annual General Meeting, issued new shares related to the Company’s Share Incentive Plan. The total number of shares issued during the month of July is 83,238 and the Company’s share capital now amounts to 71,505,465 euro represented by 57,204,372 shares with equal voting rights. ... Read More »

FRESENIUS sells biotechnology business


In December 2012, Fresenius had announced to focus on its four established business segments Fresenius Medical Care, Fresenius Kabi, Fresenius Helios and Fresenius Vamed, which offer significant growth opportunities. Ulf Mark Schneider, CEO of Fresenius, said: "The divestiture underlines our strong commitment to focused growth in our four core business segments. We are delighted that our biotechnology business will be in the capable hands of Neopharm, a company with entrepreneurial vision and an outstanding track record in the healthcare fie... Read More »

Aviva and Bank Zachodni WBK agree expansion of their bancassurance partnership


Additionally, Aviva and BZ WBK will extend their strategic partnership by further ten years, until 31 December 2033. This is in line with Aviva’s strategy of growing in attractive markets such as Poland. Bank Zachodni WBK, part of the Santander Group, is the third-largest bank in Poland in terms of assets, credit book and deposits. Aviva is Poland’s fourth-largest life insurer, with a strong retail business and distribution agreements in place with Bank Zachodni WBK, BGZ, Alior and Pocztowy. The extension of this agreement is subject i... Read More »

Ireland: European Investment Bank to provide EUR100m for investment in school building projects


The current initiative will include a total of 49 large scale school projects consisting of 34 primary schools and 15 second level schools. The overall project will be managed and implemented by the Department of Education and Skills which has determined the most suitable schools to benefit from the European Investment Bank backed investment scheme. The lending programme represents the fourth significant engagement by the European Investment Bank to support long-term investment in Irish schools in the last three years, representing nearly EUR 4... Read More »

ThyssenKrupp Aerospace acquires the business activities of The Waterjet Group in the UK


The Waterjet Group (around 40 employees) was established in 2002 and is a leading UK waterjet cutting company for the aerospace industry. The company has several waterjets and related value add equipment, a large number of aerospace approvals and to a smaller extent also serves other high-tech industries, including the medical technology sector. The Waterjet Group operates out of a site near Leeds. With its equipment the company is able to process a wide range of materials and sizes for the European and international customer base. ThyssenKr... Read More »

The Lenta Company conquers Russian cities


Besides that this year the company will make debut in retail markets of Sverdlovskaya and Permskaya oblast and Udmurtia republic. Stores of the chain will be opened in Alexandrovsky neighborhood of Nizhny Tagil, in 66, Parkovaya street in Perm, and in Kambarskaya street in Izhevsk. Own construction is also going on in Kemerovskaya oblast: in Novoilyinsky district of Novokuznetsk and in Leningradsky prospect in Kemerovo. There is also a hypermarket construction going on in Yugra in the same oblast (Kemerovskaya). A store with a total area of ... Read More »

Expanded Coca-Cola bottling plant now operational in Varanasi, India


Coca-Cola plans to invest US$5 billion in India by 2020 in areas such as innovation, access to cold drink equipment and expansion of its manufacturing facilities and distribution network. The brownfield automated plant is now capable of producing 600 polyethylene terephthalate (PET) bottles per minute following upgrades to its utilities and electrical equipment, as well as heating, ventilation, and air conditioning and fire safety systems. Arpan Shah, Mott MacDonald’s project manager said: “In terms of technical achievement, this is a proud ... Read More »

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