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Germany/Japan: Siemens, Mitsubishi discuss merger of turbine units

Bloomberg reported that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi...

Brazil: CADE fines Toshiba and Mitsubishi

Brazil’s competition authority CADE has fined Toshiba and Mitsubishi US$1.1 million for their roles in the global gas-insulated switchgear (GIS) cartel. The investigations initiated in...

EU: Renault-Nissan merger might not happen

We had earlier reported that the the Renault-Nissan merger might not happen till 2020. However, according to a report in Reuters, Renault absorbing Nissan...

Australia: Glencore to pay US$1.4b for coal mine stake

Swiss mining company Glencore has agreed to purchase a 49% stake in Hunter Valley coal industry for US$1.4 billion. The deal involves Glencore buying a...

Japan/Israel: Mitsubishi Tanabe buying NeuroDerm for US$1.1b

On July 24, the sale of clinical stage pharmaceutical company NeuroDerm Ltd to Mitsubishi Tanabe Pharma Corp was announced. The deal showed a 79%...

Japan: Mitsubishi and Nissan chairman rules out merger

Japanese carmakers Mitsubishi Motors and Nissan Motor are not looking at plans for a merger between the two companies, according to Carlos Ghosn, the...
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