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November 27, 2014

Samsung announced $2 billion share buyback scheme; African family business secures stake in new Coca-Cola operation; and Dalian Wanda seek approval for $6 billion IPO. 

Samsung announced $2 billion share buyback scheme

Family-owned chaebol Samsung has announced a $2 billion share buyback plan following calls from investors to improve returns.

The largest smartphone maker in the world said it would buy back 1.65 million common shares and 250,000 preferred shares – the second-largest buyback in the firm’s history, according to Reuters.

November 20, 2014

Samsung retires $2.5 billion proposed merger; Ikea doubles down on wind deal; and BMW and Daimler commit to Mexico supply deal

Samsung retires $2.5 billion proposed merger

South Korea’s largest family-owned conglomerate Samsung Heavy Industries has scrapped a proposed $2.5 billion (€1.99 billion) takeover of Samsung Engineering due to shareholder opposition.

November 14, 2014

Asian billionaire becomes majority shareholder in forestry group Greenheart; Aldi to double amount of UK stores; and Taiwanese family business chair faces jail time

Asian billionaire becomes majority shareholder in forestry group Greenheart

Hong Kong conglomerate Chow Tai Fook Enterprises, controlled by billionaire Cheng Yu-tung, has become a majority shareholder in forestry company Greenheart Group, purchasing 496 million shares for $44.65 million.

The Chinese logger has been considering investment since July, after former controlling shareholder Emerald plantation announced it was looking for a buyer.

November 6, 2014

Family behind Kuwaiti food and beverage company consider sale; Turkey’s Yildiz Holding buys United Biscuits in £2 billion deal; and Hero MotoCorp eyes European market, announces new hybrid-scooter. 

Family behind Kuwaiti food and beverage company consider sale

The family behind Kuwaiti food and beverage company Americana Group is looking to sell the group.

According to a company statement, the al-Kharafi family plans to sell their 66.8% stake in the Egypt-based company, which is estimated to be worth $4.3 billion, but added that no commitments had been made.

October 24, 2014

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant 

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant

Toyota sells part of its Tesla stake

Toyota Motor Corp, owned by the Toyoda family, has sold part of its stake in US carmaker Tesla, as it bets on fuel cell vehicles to drive growth.

October 3, 2014

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales

Family-controlled clothing empire Inditex has announced plans to join forces with Chinese e-commerce giant Alibaba Group Holdings in order to gain a stronger foothold in the country.

September 25, 2014

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion 

German pharmaceutical company Merck, 70% owned by the eponymous founding family, has agreed to buy US firm Sigma-Aldrich for $17 billion (€13.3 billion) in order to bolster its laboratory supplies business. 

August 14, 2014

Family-owned Henkel predicts growth, higher profits and Billion-dollar banana deal stalls after Brazilian bid

Family-owned Henkel predicts growth, higher profits and Billion-dollar banana deal stalls after Brazilian bid

Family-owned Henkel predicts growth, higher profits

German consumer goods maker Henkel AG & Company, led by the Henkel family since 1876, reported increased profits in its second quarter, despite trading conditions being hampered by the Ukraine crisis.

July 31, 2014

PZ Cussons cleaning up despite £12m currency drop; Antofagasta share price drops despite higher output; Swatch shares increase following iWatch rumours

PZ Cussons cleaning up despite £12m currency drop; Antofagasta share price drops despite higher output; Swatch shares increase following iWatch rumours

PZ Cussons cleaning up despite £12m currency drop

British soap and shampoo manufacturer PZ Cussons posted a profit of £115 million (€144 million) for the year ending May 2014 ­– a rise of 7% on 2013.

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