2014.2
Cooper Tire may sell Chinese JV stake to partner
Cooper Tire & Rubber Co said it could sell its 65 percent stake in its Chinese joint venture to partner Chengshan Group Co Ltd, clearing the way for the U.S. tire maker to look for a buyer for itself.
United Spirits gains after Diageo raises stake
United Spirits Ltd shares rise 3.7 percent after Relay B.V., an indirect wholly owned subsidiary of Diageo Plc, increased its stake in the company to 28.77 percent from 26.37 percent on Friday, exchange data showed.
Arcapita to sell Varel Int to Sandvik for $740 mln
Bahrain-based investment firm Arcapita said on Monday it agreed to sell U.S.-based Varel International to Sweden’s Sandvik AB for a total transaction value of $740 million.
Etihad, Alitalia tie-up deal enters home straight
Etihad Airways and Alitalia are in the final phase of due diligence for a possible investment by the Abu Dhabi carrier in the troubled Italian airline, the companies said on Sunday.
Magna JV to supply high-growth Chinese market
Magna International Inc, one of the world’s biggest auto parts suppliers, said on Monday that it has formed a joint venture to supply the growing Chinese automotive market, part of its push to nearly double its sales there within the next two years.
Asia Appts: ZICOLaw strengthens Cambodia team
Also, Fortis Law brings new Singapore corporate director on board, V&E promotes Beijing energy associate to counsel as part of seven such promotions worldwide, and much more in our weekly Asia appointments spotlight.
S.Korea’s state health insurer to pursue tobacco lawsuit
South Korea’s state health insurer plans legal action against tobacco firms to get reimbursed for some of the $1.6 billion it says the country spends each year on treatments linked to smoking.