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May 27, 2014

Nassef Sawiris is considering relisting part of OCI, the Netherlands-listed construction and fertiliser company, on the Cairo stock exchange.

Nassef Sawiris is considering relisting part of OCI, the Netherlands-listed construction and fertiliser company, on the Cairo stock exchange.

Sawiris, who is chief executive of OCI, allegedly sent out a number of proposals to local and international banks to test the water for a potential sale, which according to unnamed individuals close to the entrepreneur, could be worth €220 million.

May 13, 2014

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

Lorenzo Zambrano, the Mexican businessman who turned his family’s cement manufacturer into a multinational company, has died suddenly at the age of 70 in Spain.

According to local media, the fourth-generation chairman and chief executive of Cemex was found by members of staff at his Madrid hotel, after he failed to turn up for a business meeting.

He was not known to be in poor health.

February 5, 2014

Bechtel Corporation, one of the largest family businesses in the US, is to appoint its first non-family chief executive and president, after fourth-geneneration Riley Bechtel announced he was stepping down due to health problems.

Bechtel Corporation, one of the largest family businesses in the US, is to appoint its first non-family chief executive and president, after fourth-geneneration Riley Bechtel announced he was stepping down due to health problems.

January 15, 2014

An investment vehicle backed by the multi-billionaire Rockefeller family has reached a $2.5 billion ($1.8 billion) agreement to construct a residential and holiday resort in Vietnam.

An investment vehicle backed by the multi-billionaire Rockefeller family has reached a $2.5 billion ($1.8 billion) agreement to construct a residential and holiday resort in Vietnam.

Rose Rock Group will partner with fuel company Vung Ro Petroleum to build the project in Vung Ro Bay, in Phu Yen province on the south-central coast of Vietnam.

August 20, 2013

In a rare interview, CampdenFB talks to Mishal Kanoo, deputy chairman of one of the Middle East’s top family businesses, the Kanoo Group.

Family life is extremely private in the Gulf. In a way, it is not surprising that people who dress so conservatively, with women shrouded in black and men cloaked in white, should be so guarded in showing a public face. In the same way, family businesses in the Gulf Cooperation Council, which make up the vast majority of the successful corporations there, are curiously reluctant to share their successes with the press. For this reason, the willingness of Mishal Kanoo, deputy chairman of the GCC-based Kanoo Group, to speak to CampdenFB, is all the more remarkable.

November 8, 2012

Patton Group, a 100-year-old family-owned construction business, has gone into administration after suffering the effects of tough trading conditions.

Patton Group, a 100-year-old family-owned construction business, has gone into administration after suffering the effects of tough trading conditions.

Owned by the eponymous family, the Ballymena, Northern Ireland-based company said this week it was exploring “all possible options for the future”. This could include selling all or part of the family business.

July 18, 2012

Italy’s Salini family has won the battle against the Gavio family to control the country’s biggest construction company, Impregilo, after shareholders approved a plan to oust board members backed by the Gavios.

Italy’s Salini family has won the battle against the Gavio family to control the country’s biggest construction company, Impregilo, after shareholders approved a plan to oust board members backed by the Gavios.

June 26, 2012

Bruce Woolpert, who was chairman, president and chief executive of family-owned Graniterock, which supplies materials to the construction industry, died on 24 June aged 61.

Bruce Woolpert, who was chairman, president and chief executive of family-owned Graniterock, which supplies materials to the construction industry, died on 24 June aged 61.

The American family business did not reveal the cause of death, instead describing it as a “tragic accident”, but media reports suggested Woolpert drowned on the north shore of Lake Tahoe in California. An investigation into the circumstances of his death is reportedly underway.

December 23, 2011

The third-generation of Australia’s Grollo family is set to take over the management of the family business, as second-generation and family patriarch Bruno Grollo is retiring from the development and construction company his father founded 60 years ago.

The third-generation of Australia’s Grollo family is set to take over the management of the family business, as second-generation and family patriarch Bruno Grollo is retiring from the development and construction company his father founded 60 years ago.

The company, which is still 100% owned by the founding family and intends to remain private, is best known for building some of Melbourne’s tallest buildings including the Eureka Tower and Rialto Towers.

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