Zimbabwe takes over H.J. Heinz oil firm stake
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Zimbabwe&#39;s government has taken over U.S  food giant H.J Heinz&#39;s  49 percent stake in the African  nation&#39;s leading cooking oil maker for $6.8 million and handed  its management to a firm with ties to the state.
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Business & money: Oil giant agrees to withhold Â£1.5m owed to former chief executive while a court case is resolved.
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The Polish group PKN Orlen took firm control of Lithuania's Mazeikiu Nafta oil complex after completing transactions worth 2.344 billion dollars that give it a stake of nearly 84 percent in the Baltic facility, officials said.
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Henkel, the German consumer goods group, said yesterday night it would swap its 29 per cent stake in Clorox for a combination of the US companyâs operating businesses and its stake in a joint venture with Henkel, and about $2.
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Activist investor Nelson Peltz and   former Snapple Beverage Group Chief Executive Michael Weinstein   appear to have won seats on the H.J. Heinz Co. HNZ.N board of   directors, the ketchup maker said on Friday.
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Zimbabwe's government preparing to take majority shares in all foreign-owned companies.
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The Coca-Cola Co.  said on  Tuesday it acquired a controlling stake in Kerry Beverages  Limited (KBL), its bottling joint venture with the Kerry Group,  a conglomerate based in Hong Kong.
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JM Smucker Co. said on Monday it is selling its US industrial business and realigning its distribution operations as part of a wider strategy to focus on the food company&#39;s main businesses.
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The state takes full control of one of Zimbabwe's main food processors by buying out US firm HJ Heinz.
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Cigarette maker Imperial Tobacco has announced the purchase of US group Commonwealth Brands for 960 million pounds.
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ONE of the UK&#39;s biggest industrial companies is set for Mexican ownership after agreeing to a Â£2.3bn takeover offer. Directors of Egham-based RMC - the world&#39;s largest ready-mixed concrete producer - have
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Mikhail Khodorkovsky has handed over his controlling stake in oil giant Yukos to a close business partner, a Russian newspaper reports.
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JOHANNESBURG (Dow Jones)--Telkom SA Ltd (TKG) said in a statement Tuesday it welcomes the sale of a 15.1% stake in the company to a black consortium.
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Nevtah Capital Management (PINKSHEETS: NTAH) and its joint venture partner, Black Sands Energy, have signed an agreement to acquire a key leasehold property within the richest portion of the Sunnyside Deposit in the Utah Oil Sands.
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The Zimbabwean state could take a 50% stake in the country's leading mining companies to crack down on what it claims is illegal use of export earnings.
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Business & money: JJB Sports takes a 10.1% stake in Umbro, the troubled England football kit manufacturer.
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The world's second-largest steel producer, LNM Holdings, bought a 51-percent stake in Bosnia's biggest steelworks, BH Steel, for 80 million dollars (65 million euros).