Other News

McDonald’s India to close down 169 outlets
Global

McDonald’s India to close down 169 outlets

McDonald’s India is set to shut down about 169 outlets across the North and Eastern part of the country. The company said in a statement tha it was “compelled” to take the action because its partner Connaught Plaza Restaurants Pvt Ltd (CPRL) had breached the terms of their franchise agreements. […]

China’s Baidu sells off takeout delivery to Alibaba
Tech

China’s Baidu sells off takeout delivery to Alibaba

China’s largest search engine company, Baidu, another rival to Tencent, China’s largest Internet company is selling off its takeout delivery business to Alibaba-backed Ele.me. According to the Wall Street Journal who cited people with the knowledge of the matter. It is expected that the cash-and-stock deal will help Chinese search-engine […]

CocaCola Hellenic directors acquire 965 units of shares
Global

CocaCola Hellenic directors acquire 965 units of shares

CocaCola Hellenic Bottling Company, the parent company of Nigerian Bottling Company, NBC said its directors have acquired about 965 units of shares. The disclosure said the shares were acquired under Company’s Employee Share Purchase Plan, ESPS. See below the details: PDMR Number of shares acquired under the ESPP Share price […]

Norbert Bielderman resigns as CEO of NAHCO
aviation

Norbert Bielderman resigns as CEO of NAHCO

The Nigerian Aviation Handling Company (NAHCO Aviance) has announced that its chief executive, Norbert Bielderman has resigned from his position as Managing Director and CEO. In an official statement available to PageOne.ng, Nobert Bielderman’s resignation will be effective from August 21, 2017. Following his resignation, Mrs. Folashade Ode was appointed […]

MEC appoints Amanda Richman as CEO U.S
Global

MEC appoints Amanda Richman as CEO U.S

GroupM media agency MEC has hired Amanda Richman, president of investment at Starcom USA, to be U.S. CEO. MEC lost its North America CEO earlier this year when Marla Kaplowitz left to become president-CEO of the 4A’s. Richman will join the agency in October and report to Tim Castree, the […]

Total buys Maersk Oil for USD7.45 billion
Global

Total buys Maersk Oil for USD7.45 billion

Total has announced that its board and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction. […]

Tony Fountain appointed as chairman of Essar Oil
Global

Tony Fountain appointed as chairman of Essar Oil

After the acquisition of Essar Oil Limited, the consortium has appointed a new board of directors for the company headed by Tony Fountain. The members appointed to the Essar Oil board are as follows: Mr Tony Fountain, Chairman of Essar Oil Ltd and Non-Executive Director, (UCP nominee) Mr Andrew Balgarnie, […]