Sentences with phrase «says joint venture transaction»
May 9 (Reuters)- Novelis Inc: Novelis enters joint venture with Kobe Steel In South Korea.Novelis says JV, to be named Ulsan Aluminum will be formed by selling Kobe Steel 50 percent of interest in its Ulsan, South Korea facility for $ 315 million.Novelis and Kobe Steel will jointly own and operate Ulsan facility, with each remaining responsible for its metal supply and commercial relationships.Novelis says joint venture transaction is expected to close in september 2017.
https://www.reuters.com/ Not exact matches
The MoU will be followed by negotiations about the details of the transactions as well as due diligence before a joint venture contract can be signed at the beginning of 2018, Thyssenkrupp said.
«What we tend to see a lot more of today, specifically as it relates to foreign capital, is a lot more joint ventures, club transactions and partial interest sales,» says Christopher Ludeman, global president of capital markets at real estate services firm CBRE.