Global

Simon McKeon join Rio Tinto’s board
Global

Simon McKeon join Rio Tinto’s board

Rio Tinto has appointed Simon McKeon AO as an independent non-executive director. Mr McKeon, an Australian citizen, will join the board on 1 January 2019. Mr McKeon brings a wealth of experience gained from various leadership positions across financial services, legal, charity and government sectors. After qualifying as a solicitor, […]

Onex finalises acquisition of KidsFoundation
Global

Onex finalises acquisition of KidsFoundation

Onex Corporation said it has completed the acquisition of KidsFoundation Holdings B.V. KidsFoundation is the largest childcare provider in the Netherlands. In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V. Onex’ portion of the investment was $48 million as […]

Actis acquires Nigeria’s Four Points by Sheraton
Global

Actis acquires Nigeria’s Four Points by Sheraton

Global private equity firm, Actis, said it has acquired Nigeria’s Four Points by Sheraton located in Victoria Island in Lagos, Nigeria. Actis said in a statement that it acquired the business alongside Westmont Hospitality Group. Actis said it will alongside Westmont acquire hospitality assets in major cities across sub-Saharan Africa. […]

Alcon to go ahead with 100% spin-off from Novartis
Global

Alcon to go ahead with 100% spin-off from Novartis

Alcon, a Novartis company, said it will today hold its first Capital Markets Day for investors and analysts in relation to the previously-announced intention of Novartis to execute a tax-neutral, 100% spinoff of the Alcon business. If the transaction proceeds, shares in Alcon Inc. will be listed on the SIX […]

Saint Gobain appoints Benoit Bazin as CFO
Global

Saint Gobain appoints Benoit Bazin as CFO

French building material giant, Saint Gobain said it has appointed Benoit Bazin as its Chief Operating Officer from January 1st, 2019. Before his latest promotion, Mr. Benoit Bazin serves as President and Senior Vice President and Global President of The Construction Products Sector at Compagnie de Saint-Gobain S.A. Mr. Bazin […]

Total acquires Brazil’s Zema Petróleo
Energy

Total acquires Brazil’s Zema Petróleo

Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo. Zema Petróleo is Grupo Zema reseller and retailer unit Zema Diesel as well as its importation company Zema Importacao. Zema Petróleo currently manages an extensive branded network of 280 dealer-operated service […]

Total, Exxon sign Papua New Guinea LNG project
Energy

Total, Exxon sign Papua New Guinea LNG project

French oil giant, Total, ExxonMobil and Oil Search have signed a Memorandum of Understanding with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby, in […]