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Highlights: December 16 - December 21, 2019

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Christian Fernsby ▼ | December 23, 2019
The most interesting business stories that marked last business week.
Business people
Last week in business  
International Flavors and Fragrances to buy DuPont nutrition unit in $26.2 billion deal

International Flavors and FragrancesInternational Flavors and Fragrances (IFF) reached a $26.2 billion agreement for DuPont's nutrition division....

Topics: Highlights

Gabon given access to EU airspace after 11 years

Air GabonGabonese airlines have been removed from the European Union Air Safety blacklist after 11 years....

Intel acquires Israeli startup Habana for $2bn

Intel processorIntel is paying $2 billion to buy an Israeli startup that specializes in processing chips for artificial intelligence....

Fiat Chrysler, Peugeot reach agreement on $50 billion merger

Fiat ChryslerFiat Chrysler Automobiles (FCA) and Peugeot have signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the 4th largest global automotive OEM by volume and 3rd largest by revenue....

Mexico to increase minimum wages 20 percent

Mexico cityMexico will raise its daily minimum wage 20 percent to 123.22 pesos ($6.36) for 2020....

Pearson sells remaining Penguin Random House stake in $675m deal

Penguin Random HousePearson has announced an agreement to sell the remainder of its stake in publishing giant Penguin Random House....

New York Life to spend $6.3 billion on Cigna business

New York LifeNew York Life is spending more than $6 billion in cash to buy the group life and disability coverage business of the insurer Cigna....

Ford to invest more than $1.45 billion, employ 3,000 in Michigan

Ford F-150Ford Motor Company is investing more than $1.45 billion in two southeast Michigan manufacturing facilities and adding 3,000 new jobs....

Clariant to sell Masterbatches business to PolyOne for $1.56 billion

PolyOneClariant has agreed to sell its entire Masterbatches business to PolyOne....

WTO members trade restrictions historically high

Roberto AzevedoThe Director-General's annual overview of trade-related developments discussed on 12 December at a meeting of the Trade Policy Review Body shows that trade restrictions by WTO members continue at historically high levels....

Intesa SanPaolo sells merchant payments business to Nexi for $1.1 billion

Intesa SanPaoloIntesa SanPaolo is selling its retailers' payment business to Nexi in a 1 billion euro ($1.1 billion) deal that will make the Italian bank a 10% investor in the country's biggest payments group....

Lone Star to buy BASF construction chemicals unit for 3.17 billion euros

BASFLone Star has entered a deal to buy BASF's construction chemicals business for 3.17 billion euros on a cash and debt-free basis....


 

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