Interested in staying current on the latest news in joint ventures? Water Street’s JV Newsfeed is a cross-industry collection of the most interesting joint venture announcements in the month. Each article is paired with relevant content from the Water Street Insight archive. 


 

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LHC Group and CHRISTUS Health Announce Joint Venture Agreement

Tuesday, August 1, 2017 | HC Group (NASDAQ: LHCG) and CHRISTUS Health today announced entry into a definitive agreement to form a new joint venture to enhance home health, hospice, long-term acute-care services and community-based services across four states.


Related Water Street Insight:

Healthcare Partnerships: Recent Trends in Industry Dealmaking >>

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Toyota and Mazda plan to build $1.6 billion US plant in joint venture

Thursday, August 3, 2017 | CNBC

Toyota and Mazda announced plans on Friday to build a $1.6 billion U.S assembly plant in a new joint venture. A location for the $1.6 billion facility has not yet been picked, but it will have the capacity to build 300,000 vehicles annually while employing 4,000 workers. The companies hope to open the plant in 2021.

Related Water Street Insight:

Autonomous Vehicle Partnerships: How Tech Companies and Automakers are Collaborating to Innovate the Future >>

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Saudi Aramco Is in Talks to Buy PetroChina Refinery Stake

Friday, August 4, 2017 | Wall Street Journal

State-owned oil giant Saudi Arabian Oil Co. is in talks to invest billions of dollars in a Chinese state-owned oil refinery, according to people familiar with the matter.
The deal—which could be valued at up to $2 billion—would give Saudi Aramco, as it is known, a more-than 30% stake in a 260,000-barrels-a-day plant owned by PetroChina Co. in China’s Yunnan province, the people said.

Related Water Street Insight: 

Incorporated and Unincorporated Joint Ventures: The View from Royal Dutch Shell >>

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Marriott Plans to Woo Chinese Tourists in a Venture With Alibaba

Monday, August 7, 2017 | Fortune

Marriott International (MAR, -0.07%) said on Monday it would partner with China's Alibaba Group (BABA, +0.32%) to tap into the growing number of Chinese consumers traveling abroad.

Related Water Street Insight: 

Three Steps to Negotiating Joint Ventures in China >>

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Tata Steel Inches Closer to European JV

Friday, August 11, 2017 | Bloomberg

Tata Steel Ltd. and the trustee of the British Steel Pension Scheme have agreed to terms to separate the plan from the Indian steelmaker’s U.K. unit, eliminating the last hurdle for it to proceed with a strategy to place European operations into a joint venture.

Related Water Street Insight: 

Cross-Border Joint Ventures: Confronting National Differences in Board Culture >>

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Engie completes $762m investment in Tabreed

Wednesday, August 16, 2017 | Trade Arabia

The National Central Cooling Company (Tabreed) has announced the successful completion of an investment of approximately Dh2.8 billion ($762.32 million) by Engie, a global energy company, to acquire 40 per cent of Tabreed shares, a Wam news agency report said.


Related Water Street Insight:

Renewable Energy Partnerships >>

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Uber said to have considered automaker joint ventures for self-driving

Tuesday, August 22, 2017 | Reuters

Uber was reportedly approached by an unnamed automaker about a potential acquisition of its self-driving business, according to The Information. The idea was shot down by Uber execs, but the approach did prompt debate at the ride-hailing company around potentially partnering with an automaker on development of self-driving tech, possibly even through the formation of a joint venture.

Related Water Street Insight:

Why Joint Ventures Fail - And How to Prevent It >>

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McDonald’s serves notice on India joint venture

Tuesday, August 22, 2017 | McDonald’s has terminated the franchise agreement underpinning its 169 restaurants in northern and eastern India, after nine years of conflict that have weighed on its efforts to expand in the country.


Related Water Street Insight:

How to Make a Joint Venture Succeed: Conducting a JV Pre-Mortem >>

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Glencore in ‘advanced talks’ with Amplats on sale of Mototolo stake

Tuesday, August 22, 2017 | Business Live

Fresh from selling its mothballed Eland platinum mine to Northam Platinum, Glencore is in advanced talks with Anglo American Platinum to sell its stake in the Mototolo mining joint venture it shares with the world’s largest platinum miner for about R800m.

Related Water Street Insight:

Split Ends: How to Exit a JV by Untangling the Assets >>

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Microsoft, Halliburton Partner To Digitally Transform Energy Industry

Tuesday, August 22, 2017 | Oil and Gas Investor

Microsoft (NASDAQ: MSFT) and Halliburton (NYSE: HAL) entered a strategic alliance to drive digital transformation across the oil and gas industry, the companies said in a joint press release on Aug. 22.

The relationship will combine the expertise of Microsoft in cloud and digital transformation with Halliburton's E&P science, software and services technology, according to the release.

Related Water Street Insight:

Why Joint Ventures Fail - And How to Prevent It >>

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Puma Energy Announces Joint Venture With Chishti Group in Pakistan

Friday, August 25, 2017| Business Insider

Admore is one of the leading independent Oil Marketing Companies (OMCs) in Pakistan with a significant retail network of over 470 sites nationwide. Puma Energy is one of the world's largest independent midstream and downstream oil companies. The acquisition forms part of Puma Energy's global strategy of disciplined investing in fast-growing markets with a high demand for oil products, offering the opportunity to improve local infrastructure, provide supply security and world-class retail propositions to local consumers.


Related Water Street Insight:

Improving the Performance of Your Joint Venture Committees >>

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Dow Chemical poised to increase stake in joint venture with Saudi Aramco

Monday, August 28, 2017 | Financial Times

Dow Chemical, the US chemical and seeds company, has announced plans to increase its stake in Sadara Chemical, a joint venture with Saudi Arabia’s state energy giant.

Both companies said on Monday they had signed a non-binding agreement that sets in motion a process by which Dow can acquire an additional 15 per cent share.

Saudi Aramco currently owns 65 per cent of the company, with Dow holding 35 per cent.

Related Water Street Insight:

From the Front Lines: Recent Trends in Joint Venture Dealmaking >>

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Why First Solar And SunPower Are Looking To Exit Their YieldCo

Wednesday, August 30, 2017 | Forbes

Over the last few months, SunPower and First Solar have both decided to sell their stakes in 8Point3 Energy Partners, the joint venture yieldco that they set up to hold some of their utility-scale solar power plant assets. In this note, we take a look at some of the reasons why the companies are looking to exit the high-profile venture that they formed just about two years ago.


Related Water Street Insight: 

3 Ways to Structure Better Dispute Resolution in Your Joint Venture >>