Tag: South Korea

AB InBev to regain grip on South Korea brewer OB for $5.8 billion

Anheuser-Busch InBev SA, the world’s largest brewer, has agreed to buy South Korea’s Oriental Brewery Co Ltd from KKR & Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a time of strong growth in the industry across the region. The […]

Nigeria, 18 others barred from US visa lottery

Nigeria and some other countries will no longer be eligible to participate in the America Diversity Visa lottery programme. Information from the United States Department of State sighted on Sunday said Nigerians and citizens from few other countries were not eligible for DV-2015 The department said Nigeria was excluded since […]

Saudi’s Mohammad Al Mojil to sue for over $100 million

Financially troubled Saudi Arabian construction company Mohammad Al Mojil Group (MMG) <1310.SE> plans to start legal action to collect dues and claims worth more than 400 million riyals ($107 million), it said on Sunday. The company said it would take legal action against the Saudi unit of Britain’s Petrofac (PFC.L), […]