Deals

China beverage market

Coca-Cola to buy maker of plant protein drinks

DALIAN, China -- The maker of Coke is seeking to buy a Chinese purveyor of plant protein drinks, a move that may help it cater to this country's increasingly health-conscious youth. Coca-Cola China is offering to acquire Xiamen Culiangwang Bevera...

  • Renewable energy

    Toshiba, Sumitomo to launch US power storage service

    TOKYO -- Toshiba and Sumitomo Corp. will use storage batteries to ensure stable supplies of renewable energy in the U.S., hoping to debut similar services back home in Japan down the line. Output from wind and solar power varies greatly with the ...

  • Airlift out of bankruptcy

    ANA nearing deal for stake in Skymark

    TOKYO -- ANA Holdings is in late-stage talks on investing in Skymark Airlines, a move likely to bring the budget carrier significantly closer to exiting bankruptcy. Tokyo-based ANA, the parent of All Nippon Airways, would join Japanese private-eq...

  • Structural reforms to follow

    Sharp reaches capital infusion deal with 2 lenders

    OSAKA -- Sharp reached a broad agreement Thursday with two major lenders to receive 200 billion yen ($1.66 billion) in support through a debt-equity swap, which will shore up the company's finances as it embarks on drastic, costly reforms. Sharp ...

  • Teaching math and science

    Gakken expanding education services in China, South Korea

    TOKYO -- Gakken Holdings is beefing up its elementary school educational offerings in China and South Korea with the help of local partners, looking to capitalize on brisk demand. In China, the Japanese publishing and education company runs class...

  • Tepco, Chubu Electric tieup

    Joint thermal power venture may face conflict of agendas

    TOKYO -- Tokyo Electric Power (Tepco) and Chubu Electric Power have agreed to set up a joint thermal power generation venture to cut costs and boost competitiveness, but there seem to be some potentially important differences in their agendas and pri...

  • Segway of US

    Xiaomi-backed Chinese startup buys iconic electric vehicle maker

    BEIJING -- Segway, the iconic but struggling U.S. maker of two-wheeled, self-balancing electric vehicles, has been bought by a Chinese rival. The Beijing-based Ninebot did not disclose the amount of the acquisition, but said it received $80 milli...

  • Cultivating markets

    SBI to begin online securities trading in Thailand

    TOKYO -- Japan's SBI Holdings will launch an online securities trading service in Thailand as early as this fall on hopes of winning customers through cheaper brokerage fees. The Japanese financial firm will take a 55% stake in a joint venture wi...

  • Eyeing open markets

    Osaka Gas ends power sales contract with Chubu Electric

    OSAKA -- Osaka Gas has canceled a contract to sell power from a coal-fired plant to Chubu Electric Power, planning to handle sales itself ahead of the opening of Japan's retail electricity market next year. The 150,000kW Nakayama Nagoya plant in ...

  • Re-entering the US

    Kagome to buy maker of Tasty Bite brand

    TOKYO -- Kagome will acquire the American manufacturer of Tasty Bite ready-to-eat Asian entrees, with an eye on taking another stab at selling its own vegetable juice in the U.S. The Japanese producer of processed tomato foods intends to buy 70% ...

  • Pooling strengths

    Fanuc, Furukawa Electric to form fiber laser venture

    TOKYO -- Fanuc and Furukawa Electric will establish a joint venture by September to make components for laser cutting equipment, seeking to cultivate demand by combining complementary strengths. The 50-50 venture will be set up at a Fanuc site in...

  • Japan beverage market

    3 beer giants vying for JT vending machine business

    TOKYO -- Suntory Holdings and two other top beer brewers plan to bid for Japan Tobacco's vending machine business, setting the stage for a fierce acquisition battle for a key distribution channel. JT will solicit buyers as early as this month for...

  • China expansion

    Foxconn buys stake in new China big data exchange

    TAIPEI -- Taiwanese tech titan Foxconn Technology Group has acquired a stake in a big data trading company in southwestern China, according to a person familiar with the deal, in the latest move by the key Apple assembler's aggressive efforts to bran...

  • Smaller companies targeted

    Investment funds get friendlier

    TOKYO -- Investment funds have stepped up their acquisitions in Japan. Once known for their hostility and extravagant spending, the funds today are taking a more low-profile approach. They attach more importance to cooperation than trying to change c...

  • Foreign competitor

    US company Spark Energy to sell power in Japan

    TOKYO -- American power provider Spark Energy is poised to enter the Japanese market when the nation's retail electricity market fully opens up next April. The Nasdaq-listed company is partnering with Japan's eRex, whose shareholders include Hita...

  • Shell challenges Exxon dominance with $70 bln bid for BG

    LONDON (Reuters) -- Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in price...

  • A $909M foothold

    Dairy Farm buys 20% stake in Chinese supermarket

    HONG KONG -- Dairy Farm International Holdings, a leading pan-Asian retailer, has acquired a 19.99% stake in Yonghui Superstores, a Shanghai-listed supermarket, for 5.69 billion yuan ($909 million). Dairy Farm hopes the deal, announced Tuesday, w...

  • Economic infrastructure

    Convenience store chains emerging as force for change in retail sector

    Tokyo -- The business tie-up between Japanese logistics company SG Holdings and convenience store chain Lawson that was announced Tuesday underscores a powerful new trend in the retail sector. Convenience stores, which are ubiquitous in Japan, ar...

  • Shell agrees $70B deal to buy BG

    LONDON (Reuters) -- Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds ($70 billion) in a bid to close the gap on the world's biggest oil major, U.S. ExxonMobil. In a joint statement, the two firms said that a...

  • Direct marketing

    Konica Minolta to buy printer distributor in India

    NEW DELHI -- Konica Minolta will acquire the digital printing equipment business of India's Monotech Systems as it seeks to gain direct marketing access to potential customers in the South Asian country. The Japanese company's Indian subsidiary h...