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February 5, 2016

Billionaire Ruias brothers to sell stake in Essar Oil; Merck revenue and profit falls; and Ikea loses rights to name in Indonesia

Billionaire Ruias brothers to sell stake in Essar Oil

Essar Group, one of India's leading family-owned conglomerates, has held discussions with the national oil companies of Saudi Arabia and Iran about selling a stake in its refinery business, according to Bloomberg.

Mumbai-based Essar Group and Saudi Aramco reportedly started "exploratory talks" last month regarding a stake sale in the former's oil division Essar Oil, said sources familiar with the matter.

December 3, 2015

Private equity was the most common asset class among family offices in 2014 and one of the year’s best performers. So why are some executives voicing caution about expectations moving forward? 

The popular belief that strong returns in private equity will continue into the future has been challenged by participants in the Global Family Office Report 2015, warning that a build-up in unallocated capital could lead to lesser returns. 

According to one chief executive from a single family office in North America, who participated in the report anonymously, the record level of unspent cash is creating undue levels of competition, which is in turn pushing up prices. 

October 9, 2015

Advancements in technology have made it easier than ever for family businesses to expand into new territories, and many are advising the next generation to seek a global education in order to expand their horizons. Michael Finnigan reports

Michel Haddad, a 34-year-old next gen from Lebanese family business Technica, is one of a growing number of executive MBA (EMBA) students prepared to travel huge distances to study. 

Every two months the sales manager temporarily steps away from his role at the family business, travels 2,000 miles and spends two weeks studying at the EDHEC Business School in Lille, France. He hopes the Global EMBA course, which is specifically designed for family businesses, will prepare him for future leadership.

October 2, 2015

Family-owned Busch buys stake in Pfeiffer Vacuum; Former Luxottica CEO Andrea Guerra takes on Eataly; and Axel Springer to buy Business Insider for $343 million

Family-owned Busch buys stake in Pfeiffer Vacuum

German vacuum pump maker Busch, owned by the eponymous family, has bought a 15% stake in competitor Pfeiffer Vacuum for around €145 million ($161 million).

"As a long-term investor we see a financial investment in Pfeiffer Vacuum as an attractive opportunity to profit more from the potential of a market that we know well," second-gen Sami Busch, one of the company’s five managing partners, said in a statement.

September 4, 2015

Lego posts double-digit growth across all territories; Novartis launches copycat cancer drug at 15% discount; and VW and Suzuki settle four-year legal dispute

VW and Suzuki settle four-year legal dispute

An international court has ordered German carmaker Volkswagen to sell its 19.9% stake in Japan’s Suzuki Motor, bringing to a close a four-year dispute between the companies.

The two automakers had accused each other of breaching their 2009 partnership agreement, which was intended to provide Volkswagen with greater access to India and Suzuki with new technology.

August 21, 2015

Camargo Corrêa agrees to $30 million fine for price fixing; Lindt posts record half-year earnings; and Shoprite Holdings to open 35 new stores in Africa

Camargo Corrêa agrees to $30 million fine for price fixing

Brazilian engineering company Camargo Corrêa, controlled by the billionaire Carmargo sisters, has agreed to pay fines of $30 million after admitting to its role in a price fixing scandal.

July 3, 2015

Like many next-generation entrepreneurs, the idea for Jan Olszewski’s new business came from seeing a gap in the market.

Like many next-generation entrepreneurs, the idea for Jan Olszewski’s new business came from seeing a gap in the market.

January 7, 2015

Campden Wealth is excited to announce that nominations have opened for its European Families in Business Awards 2015. 

Campden Wealth is pleased to announce that nominations have opened for its European Families in Business Awards 2015. 

The fourth annual award ceremony, held in association with Societe Generale Private Banking, is due to take place in Rome on 23 June. The gala event will celebrate family businesses and their leaders that display the best virtues for successful enterprises: stability, longevity and sustainability.

The six categories this year, including a new award Top Next Generation Entrepreneur, are: 

May 19, 2014

Campden Wealth, in association with Societe Generale Private Banking, has announced the shortlist for the European Families in Business Awards 2014.

Campden Wealth, in association with Societe Generale Private Banking, has announced the shortlist for the European Families in Business Awards 2014.

A jury composed of business school experts and the Campden Wealth editorial team has drawn up a shortlist from more than 250 businesses and entrepreneurs nominated by their peers on the CampdenFB magazine website, as well as by readers of the magazine.

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