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Business 18 Apr 2019 | 12:00 AM Premium

Nippon Paint buying Australia’s DuluxGroup

Tokyo: Nippon Paint Holdings Co agreed to buy Australia’s DuluxGroup Ltd for A$3.8bil (US$2.7bil) in cash, giving it access to the country’s No. 1 sales channel for paints and coatings, as well as sealants, adhesives, garage doors, cabinets and architectural hardware.

Business 17 Apr 2019 | 1:29 AM Premium

Nippon Paint offers US$2.7b bid for Australia's Dulux Group

SYDNEY: Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker Dulux Group Ltd for A$3.8 billion (US$2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters.

Corporate News 08 Aug 2018 | 12:00 AM Premium

Billionaire John Paulson to draw Chinese suitor for Steinway

HONG KONG: Steinway Musical Instruments Inc, the legendary piano maker controlled by US hedge fund billionaire John Paulson, has attracted takeover interest from China Poly Group Corp, people familiar with the matter said.

Business 26 Dec 2017 | 5:56 PM Premium

Oil hits 2½-year highs on Libyan pipeline blast

NEW YORK: Oil prices touched 2½-year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary Opec-led supply cuts.

Corporate News 28 Jun 2017 | 6:22 AM Premium

Sapura Energy’s unit completes subsea oil wells job in Australia

PETALING JAYA: Sapura Energy Bhd’s (SEB) wholly-owned Australian unit Sapura Energy Australia Pty Ltd has completed the Shell Prelude Light Well Intervention (LWI) Campaign-Plug Removal Activity for Shell Australia Pty Ltd in Western Australia in the Browse Basin in Western Australia.

Corporate News 10 May 2016 | 7:09 AM Premium

EasyJet flies into a loss on Brussels attacks

Luton, United Kingdom: British no-frills airline EasyJet on Tuesday said it had fallen into a loss during the first half of its financial year in the wake of the Brussels attacks.