Deals

Media deals

US antitrust watchdog clears Nikkei's FT takeover

NEW YORK -- The U.S. Federal Trade Commission said Wednesday it has cleared Japanese media company Nikkei Inc. to buy the Financial Times Group from Pearson, the U.K.-based educational services provider. The 844 million pound ($1.3 billion) deal,...

  • South Korean industry

    New Samsung C&T shooting for 60 trillion won in revenue in 2020

    SEOUL -- Fresh from its merger with Cheil Industries, the de facto parent company of the Samsung group, the new Samsung C&T aims for 60 trillion won ($50.4 billion) in revenue in 2020, an 80% increase over last year, President Choi Chi-hun said Wedne...

  • Broadening market reach

    Nidec revs motor product lineup with US, Italian acquisitions

    OSAKA -- Nidec has acquired motor control maker KB Electronics of the U.S. for an estimated 5 billion yen ($41.2 million). An American unit purchased all shares in the company, based in the state of Florida, from the founding members Monday. ...

  • Genuine offerings

    Japanese publishers link to sell manga, anime goods overseas

    TOKYO -- Four major Japanese publishers have teamed to open stores for manga and anime products in Thailand and elsewhere to capture the growing ranks of Japanese content fans abroad and combat the growth of piracy in their market. Kodansha, Kado...

  • New leader

    KEB Hana Bank becomes South Korea's largest on launch

    SEOUL -- Hana Financial Group holdings Hana Bank and Korea Exchange Bank merged Tuesday, creating a new leader in South Korea's banking sector. The newly launched KEB Hana Bank has 299 trillion won ($256 billion) in assets based on figures from t...

  • Convenience store synergies

    Lawson seeks deal with Three F to boost Tokyo access

    TOKYO -- Japanese convenience store giant Lawson is negotiating a partnership with midtier player Three F, with plans to collaborate on merchandise development and procurement. Lawson seeks to obtain a stake of about 5% in Three F for an estimate...

  • Auto industry realignment

    Suzuki celebrates end to VW tie-up, but problems remain

    TOKYO -- Suzuki Motor will buy back the entire 19.9% stake held by Volkswagen, as a nearly four-year dispute finally ends. Suzuki had sought to dissolve the tie-up with the German automaker since 2011, but VW had refused to do so. An Internationa...

  • Suzuki to buy back VW stake as tribunal settles long feud

    TOKYO (Dow Jones) -- An international arbitrator ruled that an alliance between Suzuki Motor Corp. and Volkswagen AG has been terminated and ordered the German car maker to dispose of its 19.9% stake in the Japanese auto maker, the two companies said...

  • Hard nut to crack

    Mitsubishi has another go at foodstuffs

    TOKYO -- Japanese trading houses have mostly failed to reap the promised benefits of big-budget deals in the foods sector. Mitsubishi Corp. is hoping to do better with its roughly 130 billion yen ($1.07 billion) investment in Southeast Asia's largest...

  • Bolstering production

    Samsung SDI to buy battery materials maker

    SEOUL -- Lithium-ion battery giant Samsung SDI plans to buy a battery materials business from a Samsung group company for 18.7 billion won ($15.9 million). Samsung SDI will obtain Samsung Fine Chemicals' interest in STM, a joint venture establish...

  • Wanda Group

    Chinese property developer to buy Ironman franchise

    HONG KONG -- Dalian Wanda Group, a leading Chinese private property developer, will acquire World Triathlon Corp., or WTC, the U.S. company that puts on Ironman races, for $650 million. With the acquisition, Wanda will expand its sports business ...

  • Investing for growth

    Mitsubishi to take 20% stake in food giant Olam

    TOKYO -- Japanese trading house Mitsubishi Corp. will acquire a 20% interest in Southeast Asia's biggest food company, Olam International, for 130 billion yen ($1.07 billion). Mitsubishi will purchase shares in Olam via a private placement and fr...

  • Bharti Airtel

    Telco buys UK wireless broadband company

    MUMBAI -- India's top telecoms company Bharti Airtel announced on Wednesday that it has acquired Augere Wireless Broadband India, as it raises its game in the fourth-generation high speed broadband service industry. Bharti Airtel, which has agree...

  • Supplying farm chemicals

    Mitsubishi ties up with Indian fertilizer cooperative

    TOKYO -- Japanese trading house Mitsubishi Corp. is sowing the seeds of commerce in India's growing market for agrochemicals by forming a joint venture with a fertilizer co-op that does business with half of the nation's 90 million farmers. The I...

  • Smart farming

    Japan's Kanematsu invests in venture that yokes cattle, IT

    TOKYO -- Kanematsu, a midsize Japanese trading house that is no stranger to the farm, is branching out into IT tools for raising cattle. The company has taken a small stake in Farmnote, an information technology venture based on the northern isla...

  • Growth focus

    Kirin aims to double Myanmar Brewery's sales in 5 years

    YANGON -- Kirin Holdings intends to double sales and profit at its newly acquired Myanmar Brewery Ltd. by bolstering capacity to capture soaring demand. Hiroshi Fujikawa, managing director of Kirin Holdings Singapore, which oversees Kirin's South...

  • M&A in Asia-Pacific

    China leads region's deal volume to record high

    SINGAPORE -- China led the mergers-and-acquisitions market in the Asia-Pacific region during the first half of this year, bringing the half-year M&A volume to a record high, according to data compiled by Dealogic. The volume of the announced M&A ...

  • Business succession help

    SMBC, Mitsui, DBJ plan 30bn yen fund for small Japanese companies

    TOKYO -- Sumitomo Mitsui Banking Corp., trading house Mitsui & Co. and the Development Bank of Japan will create a 30 billion yen ($250 million) investment fund in October to help small and midsize companies with business succession. The megabank...

  • Japanese life insurance market

    Nippon Life has deal to buy Mitsui Life

    TOKYO -- Nippon Life Insurance has reached a broad agreement to acquire Mitsui Life Insurance in what would be the first major realignment in Japan's life insurance market in 11 years. Nippon Life likely will buy the equivalent of a roughly 80% i...

  • Chasing Daikin in Europe

    Mitsubishi Electric to buy Italian A/C maker DeLclima

    TOKYO -- Mitsubishi Electric announced Tuesday it will purchase Italian industrial air conditioner manufacturer DeLclima for around 664 million euros ($757 million), the Japanese company's largest acquisition ever. The Tokyo-based electrical equi...