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(RTTNews) - Monday, The Reliance Anil Dhirubhai Ambani Group (R-ADAG) announced setting up of a joint venture for its power equipment plant in India. R-ADAG group would invest an amount of Rs. 12,000 crore in association with the Chinese firm, Shanghai Electric Corporation.
Pine Brook Road Partners, a private equity firm, has formed a joint venture with Comet Ridge, an oil and gas exploration and production company, to develop the companys US-based oil and gas assets.
Tesco has agreed to buy Royal Bank of Scotland’s 50% shareholding in its Tesco Personal Finance (TPF) joint venture for £950m in cash.
GAZ hopes to create a $1 billion joint venture with General Motors but is also looking at Daimler as a partner in the project, GAZ executives said Friday.
Britain’s biggest supermarket chain will pay $1.9 billion to buy out Royal Bank of Scotland’s half of their personal-finance joint venture.