Friday, November, 15, 2019 03:45:24

Category: Business

Lincoln Electric acquires Worthington Industries’ soldering business

 Apart from the soldering business, the company would also be acquiring some of Worthington Industries’ brazing assets.  The annual revenue of the assets being purchased through the two transactions is about $25 million. Lincoln Electric Holdings, Inc., (Lincoln), an American multinational manufacturer of welding products, …

China National Tobacco to list international unit on Hong Kong IPO

The move will offer CNTC’s international unit a bigger share in the global tobacco market China National Tobacco (CNTC), a state-owned manufacturer of tobacco products, has recently announced plans to list its international unit on the Hong Kong stock exchange despite growing pressures on the …

Total S.A. commences production at the giant Egina field in Nigeria

The field is estimated to produce approximately 200,000 barrels of oil on a daily basis. The production would be facilitated through the largest Floating Production Storage and Offloading built by the company. Total S.A. (Total), a French multinational integrated oil & gas company, has reportedly …

NEC Corporation acquires the largest Danish IT company KMD Holding

The takeover is expected to fast-track the NEC’s global safety business. The buyout may attain closure by February 2019. Japanese multinational giant NEC Corporation has reportedly acquired the largest Danish IT firm, KMD Holding ApS, from one of the world’s most experienced private equity investors, …