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Two Chinese steelmakers announce merger, become world's 3rd largest
China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.
August20,2021
Chinese regulator blocks Tencent-driven merger of Huya, Douyu streaming sites
China's market regulator on Saturday announced a block on the Tencent-driven merger of the two streaming sites Huya and Douyu after an anti-monopoly review.
July12,2021
Flying-car company Terrafugia announces merger with drone developer
U.S.-based flying-car company Terrafugia on Tuesday announced its merger with Chinese drone developer AOSSCI to form Aerofugia Technology (Chengdu) Co., Ltd.
September16,2020
China speeds up mergers and reorganizations of steel mills for higher concentration
With China's economy entering the period of transformation, its steel industry has also entered a period of adjustment and upgrading. Capacity rationalization and industrial restructuring are major features during the period. Restructuring of the industry is expected to be the highlight in the next three years.
September14,2020
Chinese shipbuilding giants announce merger
China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited merged into one corporation in Beijing on Tuesday.
November27,2019
Massive real estate merger: Aroundtown to take over TLG
Two large German commercial real estate groups, Aroundtown and TLG, are forging ahead with their planned billion-dollar merger. On Tuesday, Aroundtown presented the takeover bid for TLG that had been announced at the end of October.
November21,2019
BMY, Celgene merge to create larger biopharma company
Bristol-Myers Squibb Company and Celgene Corporation announced that the two biopharmaceutical companies have entered into a definitive merger agreement under which BMY will acquire Celgene with an equity value of approximately 74 billion U.S. dollars.
January04,2019
China's SPIC hints at merger with China Huaneng
China's state energy giant State Power Investment Corporation (SPIC) has indicated a potential merger with China Huaneng Group, another state power company.
July10,2017
GE-Baker Hughes merger creates World's No. 2 oilfield services firm
The merger of Houston oil field services firm Baker Hughes with the oil and gas division of General Electric (GE) closed on Monday, creating the second largest oil field services firm in the world.
July04,2017
China's Sinomach merges with state textile giant
China's State Council has approved a merger between China National Machinery Industry Corporation (Sinomach) and textile giant China Hi-Tech Group Corporation, an official statement announced Thursday.
June30,2017
Chinese steel giant established following key merger
A new steel group, whose annual output will be China's largest and the world's second largest, was established Thursday in Shanghai following the merger of two major steelmakers.
December05,2016
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