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MILAN (Thomson Financial) - Ansaldo STS SpA, in which Finmeccanica SpA has a 40 pct stake, said it is setting up a new unit in Botswana and a joint venture in South Africa.
TAIPEI, March 27 - Pacnet, formed from China Netcom’s former Asia Netcom unit and Singapore’s Pacific Internet, agreed to sell its stake in its Philippine joint venture to investment firm IRG.
Beverage company Coca-Cola Co. said Thursday it finalized a joint venture with Italy-based illycaffe SpA that will debut three coffee drinks in Europe next month.
Stetson Oil & Gas has agreed to assume the interest of Vast Exploration Inc. (”Vast”) in a joint venture arrangement with Samson Oil and Gas Inc. (”SOGI”) in SE Saskatchewan (the “SamVast JV”). Stetson will be the operator of the joint venture and will have a 50% working interest.
Host Hotels & Resorts has formed a joint venture partnership with the government of Singapore to look for investments in Asia and Australia. (HST)