ITALY > London based Michael Kors is set to acquire Italy’s Versace for 1.83 billion euros ($2.1 billion)

michael kors London based with roots in United States, Michael Kors, is set to acquire Italy based Versace for 1.83 billion euros ($2.1 billion). Michael Kors also bought shoemaker Jimmy Choo last year for $1.4 billion and with the latest acquisition of Versace will add new layer to Michael Kors offering. According to Michael Kors chief executive John D. Idol: “We are More …

ITALY > Philippines based Jollibee is set to expand globally including in Italy, Macau, Vietnam, Brunei and Canada

Jollibee Largest Asian Restaurant Company in the world, Jollibee (JFC), is set to expand globally including in Italy, Macau, Vietnam, Brunei and Canada. According to JFC chief executive Ernesto Tanmantiong: “Through the expansion of our brands, we get to share great tasting food and service to our customers. We are excited to further spread the joy of eating not only in More …

SINGAPORE > China based Yifan Pharmaceutical Co. is set to acquire 90% of Singapore based biopharmaceutical company SciGen Ltd

yigan logo China based Yifan Pharmaceutical Co. is set to acquire Singapore based biopharmaceutical company SciGen Ltd for approximately $28 million for $0.05 a share to acquire at least 90% of SciGen which is listed in the Australian Stock Exchange. The full takeover would value SciGen at $28 million. Yifan has signed an agreement with SciGen’s controlling shareholder Bioton SA that owns More …

KENYA > US based Overseas Private Investment Corporation (OPIC) has signed investment deals with two Kenya based companies, Kipeto Wind Energy Company and Twiga Foods amounting to a total of nearly $238 million

opic logo The USA based agency in charge of development finance, OPIC, has signed investment deals with two Kenya based companies, Kipeto Wind Energy Company and Twiga Goods amounting to a total of nearly $238 million. The first deal is $232 million for a 100 megawatt wind power plant in the south of Nairobi and the second agreement is $5 million in More …

GABON > China based TBEA is set to invest 180 million euro ($210.24 million) in Gabon hydropower project

TBEA China based TBEA is set to invest 180 million euro ($210.24 million) in Gabon hydropower project. West African country’s sovereign wealth fund is also set to invest in this hydropower. The hydropower has a capacity fo 70 megawatts in the first phase, according to Liban Soleman, general coordinator of the Bureau of Coordination and Planning for an Emerging Gabon, who More …

CANADA > China based Weichai Power is set to invest $163 million in Canada based Ballard Power System

weichai power logo China based Weichai Power is set to invest $163 million in Canada based Ballard Power System making Weichai Ballard’s the largest shareholder. Weichai’s equity investment of approximately $163 million includes $90 million in technology transfer program to the JV related to Ballard’s next-generation LCS fuel cell stack and power modules for bus, commercial truck and forklift applications in China, joint More …

UK > US based Coca- Cola to invest £3.9 billion ($ 5.1 billion) to acquire UK based Costa Coffee

Coca cola USA based Coca- Cola is set to invest £3.9 billion ($ 5.083 billion) to acquire UK based Costa Coffee entering the coffee market. Whitbread which owns Costa coffee chain is focusing instead on growth opportunities for its Premier Inn hotel business in UK and Germany. Whitbread acquired Costa coffee in 1995 for £19 million ($24.8 million) having only 39 shops More …

BELGIUM > US based Cargill is set to invest $17.5 million in Belgium based Izegem edible vegetable oil

Cargill logo To advance food safety and infant nutrition, US based Cargill is set to invest $17.5 million in Belgium based Izegem edible vegetable oil. Cargill intends to upgrade the facility to meet the new European infant nutrition food safety legislation. This allows Cargill to increase its’ global edible vegetable oil production business while providing safe and reliable supply of high quality More …