Hints and tips:
...Rotterdam-based LDC has held its juice business for more than 30 years and the deal is part of a wider plan to seek partners for the unit and get closer to its customers ....
...The privately owned company, which is based in Rotterdam but has most of its senior executives in London, said VLC Renewables would look to buy minority stakes in up to four projects....
...International had alleged that “the takeover took place under the influence of fraud” committed by Nidera’s former shareholders and had been claiming more than $500m in damages, according to the District Court of Rotterdam...
...Vitol did not reveal how much it is paying for the splitter, located in the Port of Rotterdam....
...But several of its ports, run by its APM Terminals subsidiary, are still affected, including Rotterdam and Los Angeles....
...The Chinese company moved to take full ownership of Nidera in March paying $750m for the 49 per cent it did not already control from the families who founded the Rotterdam-based trading house almost a century...
...Cofco bought a majority stake in Nidera for $1.3bn in 2014, and then moved to secure full ownership in March, paying $750m for the 49 per cent it did not already hold from families who founded the Rotterdam-based...
...The Rotterdam-based group is also seeking joint venture partners for a handful of businesses. These include its metals, dairy, fertiliser and orange juice units....
...It recently did a deal to buy a crude oil refinery in Rotterdam....
...Nidera was founded in 1920 in Rotterdam and owned by the Mayer Wolf, Salzer-Levy and Drake families....
...Another tanker of US oil, the Seaqueen, is en route to Rotterdam, and is expected to arrive on Thursday....
...The company is controlled through a family trust by Margarita Louis-Dreyfus, the widow of Robert Louis-Dreyfus, whose family founded the Rotterdam-headquartered company in 1851....
...Nidera suffered a significant loss in its biofuels business because of unauthorised activities by a rogue trader in Rotterdam, where the company is based....
...VTTI currently has storage capacity of 35.5 million barrels, according to its website, including sites in North America, the United Arab Emirates, Europe’s Amsterdam-Rotterdam-Antwerp oil hub and in Malaysia...
...Ms Louis-Dreyfus said she expected the Rotterdam-based company — widely known as Dreyfus — to have completed a search for a chief executive by the end of the year....
...The trading house, which has its headquarters in Rotterdam, has been looking for a new chief since April when Ciro Echesortu stepped down after just one year in charge....
...Company headquarters will remain in Rotterdam, and management will remain in place. HSBC advised Cofco, while ABN Amro acted for Nidera....
...Coal delivered to the European hub of Rotterdam has traditionally fetched a premium to Richards Bay to reflect the costs of the 8,200-nautical mile voyage....
...Mr Allen told the Financial Times from Rotterdam that there was “no link between my lawsuit and Glencore”. The trading house declined to comment....
...It also owns terminals in Amsterdam, Rotterdam and Argentina....
...Industry executives said that several companies had looked at buying Nidera, which was founded in 1920 in Rotterdam, over the past few years....
...APM Terminals’ portfolio is skewed towards facilities either immediately next to or just off the sea, including Le Havre in France, Zeebrugge in Belgium, Rotterdam in the Netherlands and Bremerhaven in Germany...
...CD&R is buying the stake from CVC Capital Partners, which took the Rotterdam-based chemicals group private in a €1.5bn ($1.9bn) deal three years ago and is retaining a 42.5 per cent stake in the company....
International Edition