Author: PageOne

Jeans maker, Levi Strauss to go on IPO
Global

Jeans maker, Levi Strauss to go on IPO

Popular jeans maker, Levi Strauss & Co., has been reported to planning for initial public offering, IPO, that will see the privately-owned company raise between $600 million and $800 million. Levi Strauss is now valued at $5 billion with its main business being jeans production and marketing on a global […]

Bain Capital raises $1 billion to target startups
Tech

Bain Capital raises $1 billion to target startups

Boston-based Bain Capital said it has raised $1 billion to invest in technology startups. The company told Reuters News that $650 million would go into a fund used mostly for early-stage investments, backing young startups with unproven business models, the firm’s sweet spot. “We’ve invested from PowerPoint slides,” said Enrique […]

Sabre acquires Farelogix
Tech

Sabre acquires Farelogix

Sabre Corporation said it has entered into an agreement to acquire Farelogix. Farelogix offers management and NDC order delivery technology used by many of the world’s leading airlines. The company said in a statement that it expects that upon close, the acquisition will allow the company to accelerate delivery of […]

MTN looks to get banking license for Nigerian unit
Big Business

MTN looks to get banking license for Nigerian unit

South Africa’s MTN Group Limited said it is looking at getting a banking license to further cement its operations in Africa’s largest economy. MTN is Nigeria’s largest mobile carrier. However, the company has drawn the hire of regulators in Nigeria for various infractions and regulatory offences. The chief executive officer […]

FirstGroup appoints Matthew Gregory as CEO
Global

FirstGroup appoints Matthew Gregory as CEO

UK’s FirstGroup Plc sais it has appointed Matthew Gregory as Chief Executive with immediate effect. The company said in addition to his role as Chief Financial Officer (CFO) of the Group Matthew has been performing the role of interim Chief Operating Officer (COO), with the operating divisions reporting directly to […]

Eni signs Ghasha gas concession with ADNOC
Energy

Eni signs Ghasha gas concession with ADNOC

Italy’s Eni and the Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to award Eni a 25 percent stake in ADNOC’s mega offshore gas project. Eni said in a statement that the Ghasha Concession, which has a term of 40 years, consists of the Hail, Ghasha, Dalma […]

Halliburton appoints Lance Loeffler as Chief Financial Officer
Energy

Halliburton appoints Lance Loeffler as Chief Financial Officer

One of the world’s largest oilfield serving companies, Halliburton Company, has appointed Lance Loeffler Chief Financial Officer. The company said in a statement that Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. […]