Wed May 6, 2015/Reuters Shell has declared force majeure on exports of Nigeria’s Forcados crude oil stream, a spokesman for the company said on Wednesday. It declared force majeure on the evening on May 5 following “a series of leaks” in the Trans Forcados pipeline that brings the oil to […]
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Holcim shareholder Harris says has voted for Lafarge tie-up
May 4, 2015/Reuters The third-largest shareholder in Holcim (HOLN.VX) said on Monday it has backed the Swiss cement maker’s merger with French rival Lafarge (LAFP.PA). “Harris has voted in favor of the merger,” a spokeswoman for U.S.-based fund manager Harris Associates said in an emailed statement to Reuters. Two-thirds of […]
China’s Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore
Sun May 3, 2015/Reuters Fosun International Ltd (0656.HK), an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc (IRSH.N) for $1.8 billion. The move follows Fosun’s decision to buy a 20 percent […]
