Edition:
United Kingdom

Industrial Conglomerates

Page 1

Toshiba unit to streamline through early-retirement incentive program

Wednesday, 29 Nov 2017

Nov 29 (Reuters) - Toshiba Corp <6502.T>:Says unit Toshiba Digital Solutions Corp (TDSL) resolves to implement a personnel reallocation and early-retirement incentive program with outplacement support.The retirement program will invite applications from candidates 53 years old or older who have worked for TDSL for 10 years or more, excluding employees who are worked in new business promoting division and highly skilled professional division .Says the personnel reallocation and early-retirement incentive program is expected to include about 300 employees .Says TDSL will start to accept applications from January 2018 and accepted applicants will leave TDSL by the end of March 2018.Says TDSL will provide retirement payment, special severance payment and outplacement support to accepted applicants .

Hitachi to transfer medical equipment related business to Hitachi Medical Computer Systems

Wednesday, 15 Nov 2017

Nov 15 (Reuters) - Hitachi Ltd <6501.T>:Says it will transfer medical equipment related maintenance service and electronic medical business to wholly owned unit, Hitachi Medical Computer Systems,inc., effective April 1, 2018 .

GE says to focus on Aviation, Power, Healthcare

Monday, 13 Nov 2017

Nov 13 (Reuters) - General Electric Co ::GE says to focus on Aviation, Power, Healthcare - GE investor update.

General Electric CEO Flannery plans to focus on GE’s aviation, power, health-care divisions- WSJ‍​

Monday, 13 Nov 2017

Nov 13 (Reuters) - :General Electric CEO Flannery plans to unveil road map monday to focus on GE's aviation, power, health-care divisions- WSJ, citing a source ‍​.General Electric CEO CEO will look to exit most of the rest of GE's operations - WSJ, citing a source‍​.CEO says company plans to eventually shed its majority stake in Baker Hughes - WSJ.

Mitsubishi Heavy Industries to transfer business to units

Thursday, 2 Nov 2017

Nov 2 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it plans to transfer ship & ocean related business to Kanagawa-based wholly owned shipbuilding unit on Jan. 1, 2018.Says it plans to transfer ocean steel structure related business to wholly owned steel structure unit on Jan. 1, 2018.Says it plans to transfer chemical plant and transportation product related engineering business to wholly owned transportation systems unit on Jan. 1, 2018.Says it plans to transfer hydraulic machinery related business to unit Mitsubishi Heavy Industries Machinery Systems Ltd and a wholly owned shipbuilding unit on Jan. 1, 2018.

Mitsubishi Heavy Industries to merge with ship unit

Thursday, 2 Nov 2017

Nov 2 (Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it plans to merge with Nagasaki-based ship unit and take over partial assets and liabilities from the unit on Jan. 1, 2018.Says unit will be dissolved after merger .

Russia's Sistema says completed merger of its Indian telecom business with Reliance

Tuesday, 31 Oct 2017

Oct 31 (Reuters) - Russia's AFK Sistema says::Has completed the merger of its Indian telecommunications business with Reliance Communications Ltd ("RCom"), one of India's leading telecommunications operators. The merger has been approved by all relevant Indian regulators and courts;.As part of the transaction the telecommunications business of Sistema's subsidiary, Sistema Shyam TeleServices Ltd. ("SSTL"), including its licenses and obligations with respect to the 800-850 MHz frequency range, has been transferred to RCom;.SSTL now owns a 10 percent equity stake in RCom following a new share issue of the Indian operator;​.

Hitachi Metals to merge with unit Hitachi Metals MMC Superalloy

Tuesday, 24 Oct 2017

Oct 24 (Reuters) - Hitachi Metals Ltd <5486.T>:Says it will merge with wholly owned unit Hitachi Metals MMC Superalloy, Ltd., effective April 1, 2018 .Says the unit will be dissolved after merger .

Wartsilä to build energy storage system in Singapore

Tuesday, 24 Oct 2017

Oct 24 (Reuters) - Wartsila Oyj Abp :Says CW Group has awarded it the provision of a 2.4 MW/2.4MWh energy storage system test bed for Singapore's Energy Market Authority (EMA), a statutory board under the Ministry of Trade and Industry of Singapore and SP Group.Says CW Group has been contracted by EMA and SP Group to implement this project.Says plant is expected to be fully operational during the latter part of 2018.

Volati acquires T-Emballage

Tuesday, 24 Oct 2017

Oct 24 (Reuters) - VOLATI AB ::VOLATI ACQUIRES T-EMBALLAGE AS A BUSINESS UNIT WITHIN THE TRADING BUSINESS AREA.‍VOLATI IS ACQUIRING 94% OF SHARES IN COMPANY​.‍ACQUISITION WILL TAKE PLACE AT AN ESTIMATED ENTERPRISE VALUE (EV) OF ABOUT SEK 300M PAYABLE ON COMPLETION​.‍TRANSFER OF SHARES IS EXPECTED TO TAKE PLACE IN Q4 OF 2017​.VOLATI AB - ‍PURCHASE CONSIDERATION FOR 100% OF SHARES AMOUNTS TO SEK 330M AND WILL BE FINANCED THROUGH VOLATI'S EXISTING CREDIT FACILITIES.‍CO'S CEO AND DEPUTY CEO, WHO ARE REMAINING WITH COMPANY, WILL BECOME PARTNERS WITH A COMBINED SHAREHOLDING OF 6%​.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary