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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Cima Group Announces Joint Venture with Healthcare Solutions Provider, Eocene Health Systems

Wenesday, March 14, 2017 | Yahoo Finance

Global telecom and digital solutions conglomerate Cima Group and a developer and manufacturer of healthcare solutions, Eocene Systems, announced today, that they completed the creation of a joint venture, Cima Care Solutions.

Related Water Street Insight:
Joint Acquisitions: What the Allscripts-GI Partners Deal for Netsmart Tells Us About JVs with Private Equity Firms >>

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Malaysia’s Petronas Chemicals search for joint venture continues

Tuesday, March 14, 2017 | Times of Oman

Petronas Chemicals, a unit of Malaysia’s state energy company, said it’s in talks with petrochemical firms from Asia and Europe to invest in a $27 billion oil refining and petrochemical project, sustaining hope it can find a partner after at least three previous deals fell through.

Related Water Street Insight:
How Due Diligence Differs for M&A and Joint Venture Deals >>

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GM, Honda Name Leaders for Hydrogen Fuel Cell Joint Venture

Wednesday, March 8, 2017 | NGT News

General Motors Co. (GM) and Honda have announced the executive structure for their recently established joint venture company, Fuel Cell System Manufacturing LLC (FCSM), which will develop hydrogen fuel cell propulsion systems.

Related Water Street Insight:
JV CEOs Powers and Authorities >>

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DSM and Evonik establish joint venture for omega-3 fatty acids from natural marine algae for animal nutrition

Wednesday, March 8, 2017 | DSM

Royal DSM and Evonik today announced their intention to establish a joint venture for omega-3 fatty acid products from natural marine algae for animal nutrition.

Related Water Street Insight:
Consolidation Joint Ventures – Nettlesome? Not Really. >>

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First Data (FDC), FLEETCOR (FLT) Announce New Prepaid Gift Joint Venture

Monday, March 6, 2017 | Street Insider

First Data (NYSE: FDC), a global leader in commerce-enabling technology, and FLEETCOR Technologies Inc. (NYSE: FLT), a leading global provider of fuel cards and workforce payment products to businesses, today announced the formation of a joint venture that will consolidate their various gift solutions to drive new value for their clients.

Related Water Street Insight:
Why JVs Fail and How to Prevent It >>

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BHP-Pemex joint venture foresees first well for this year

Friday, March 6, 2017 | Mining.com

The first-ever joint venture in Mexico's deep waters – between state-run Pemex and BHP Billiton – could begin drilling its first oil well by the end of this year, a top official with national oil company Pemex said on Friday.

Related Water Street Insight: 
BHP, Vale & Brazil Miner Samarco: In JVs, Liability is Never Clean >>

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Saudi Aramco to Pay Shell $2.2 Billion in Refinery Breakup

Monday, March 6, 2017 | Bloomberg

Saudi Arabian Oil Co. will pay Royal Dutch Shell Plc $2.2 billion including debt to finalize the breakup of a 19-year refining partnership known as Motiva Enterprises LLC.

Related Water Street Insight:
Why JVs Fail and How to Prevent It >>

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Eutelsat And Viasat Close European Broadband Joint Venture

Monday, March 6, 2017 | Eutelsat

Building on a decade-long relationship, Eutelsat and ViaSat are creating a partnership that will expand Eutelsat’s current wholesale broadband business and launch a new consumer retail service in Europe. Headquartered in Lausanne, Switzerland, the joint venture will consist of two businesses coordinating efforts to expand the European broadband market.

Related Water Street Insight:
Strucutring JV and Partnership Transactions – The Top Ten Ownership and Control Models >>

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Nestle, Coca-Cola to end tea joint venture: Nestle

Friday, March 3, 2017 | Business Insider

Nestle and The Coca-Cola Company have agreed to dissolve their tea joint venture Beverage Partners Worldwide (BPW) as of the start of 2018, Nestle announced on Friday.

Related Water Street Insight: 
Split Ends: How to Exit a JV by Untangling the Assets >>

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Rio Tinto delays bonuses to former chief over Guinea affair

Thursday, March 2, 2017 | Financial Times

Rio Tinto has delayed the release of bonuses potentially worth millions to former chief executive Sam Walsh until law enforcement authorities have reviewed a questionable payment made to a consultant who helped the mining company secure rights to an iron ore deposit in Africa.

Related Water Street Insight: 
Are Your Joint Ventures a Ticking Time Bomb? >>

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Total and Petrobras Seal Their Strategic Alliance Through the Signature of Definitive Contracts

Wednesday, March 1, 2017 | Business Wire

Petrobras and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) inform that they have signed yesterday definitive contracts in relation to the package of assets contemplated in the Strategic Alliance, as defined in the 21st of December, 2016 Agreement.

Related Water Street Insight: 
The Basics: Why Alliances Underperform and Fail >>

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Saudi Aramco to invest $7 bln in Petronas' RAPID oil refinery

Monday, March 1, 2017 | ArabFinance

Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas' major refining and petrochemical project, the companies said on Tuesday, pumping in $7 billion in its biggest downstream investment outside the kingdom.

Related Water Street Insight: 
Saudi Aramco, Lanxess, and a Sale Masquerading as a Joint Venture >>