During Thursday’s Morning trade, Shares of Unilever N.V. (ADR) (NYSE:UN), lost -1.65% to $43.41.
Unilever, declared that it has sold the Motions, Just for Me, Consort, and Groom & Clean brands, and also the TCB brand in Africa, to Strength of Nature, for an unrevealed amount. TCB is presently sold in a limited number of African countries.
Kees Kruythoff, President of Unilever North America, said: “We remain committed to the ethnic hair care and men’s grooming categories. We believe that the Motions, Just for Me, Consort and Groom & Clean brands, and the TCB brand in Africa will be able to realize their full potential with Strength of Nature. We will continue to focus on the specific needs of both multicultural and male consumers with our global brands.”
Mario de la Guardia, Strength of Nature CEO, added: “We are very excited to add these brands to Strength of Nature’s growing portfolio, and to further expand our international business with the acquisition of the African rights for TCB. These are trusted brands, each with a strong legacy and high awareness, reinforcing Strength of Nature’s commitment to providing affordable and quality hair care products to our consumers. Each provides an excellent foundation for renewed growth and expanded innovation, and we look forward to building these brands.”
Unilever N.V. operates as a fast-moving consumer goods company in the Americas, Europe, Asia, Australasia, Africa, the Middle East, Turkey, Russia, Ukraine, and Belarus. The company operates through Personal Care, Foods, Refreshment, and Home Care segments.
Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO), declined -1.59% to $36.53, during its current trading session.
Carrizo Oil & Gas, declared that administration is planned to present at the following forthcoming conferences. A webcast of the presentations, if available, in addition to the slide books used can be accessed on the Carrizo website at http://www.carrizo.com under the “Investor Relations” section.
- Wells Fargo 2015 Energy Symposium
Tuesday, December 8, 2015 at 3:25 pm EST
New York, NY
- Capital One Securities 10th Annual Energy Conference
Thursday, December 10, 2015 at 10:00 am EST
New Orleans, LA
Carrizo Oil & Gas, Inc., together with its auxiliaries, engages in the exploration, development, and production of oil and gas primarily in the United States. The company holds interests in crude oil plays and projects, counting Eagle Ford Shale in Texas; the Niobrara Formation located in Colorado; the Utica Shale in Ohio; and the Marcellus Shale located in Pennsylvania.
Finally, Shares of Royal Dutch Shell plc (ADR) (NYSE:RDS.B), lost -0.88%, and is now trading at $49.47.
Royal Dutch Shell plc, declared that its recommended combination with BG Group plc (“BG”) has received approval from the Australian Foreign Investment Review Board (FIRB).
Shell will commit to undertake a cooperative compliance approach to taxation arrangements for QGC, in line with our preferred approach elsewhere. QGC is a wholly-owned partner of BG.
Recently’s approval by FIRB follows unconditional approval by the Australian Competition and Consumer Commission (“ACCC”) on 19 November 2015 and completes the regulatory review process in Australia.
Together with the formerly declared clearances in Brazil and EU, four of the five pre-conditions to the combination have now been satisfied. The one remaining pre-conditional clearance is from China’s Ministry of Commerce (MOFCOM).
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids.