BNET Business Dictionary
Business Definition for: Offshore Financial Subsidiary
- a company created in another country to handle financial transactions, giving the owning company certain tax and legal advantages in its home country.
- U.K. term Offshore Finance Subsidiary
Additional Resources
- UniComp targets UK offshore sector
- MARIETTA, Ga.--BUSINESS WIRE---Nov. 21, 1996--UNICOMP, INC. (NASDAQ:UCMP) today announced that UniComp, Isle of Man IOM, a subsidiary of UniComp, Inc., has made a significant move into the offshore financial sector centered on the Isle of Man, which lies between the coasts of England and Ireland. The rapidly...
- Research articles 1996-11-21
- SMIT Land and Marine Engineering Ltd., a UK subsidiary of SMIT, and INTEC Engineering Ltd. have finalized an agreement allowing INTEC to acquire Fuel Subsea Engineering
- SMIT Land and Marine Engineering Ltd., a UK subsidiary of Ltd. have finalized an agreement allowing INTEC to acquire Fuel Subsea Engineering, headquartered in Woking, Surrey. Financial terms of the transaction were not disclosed. The acquisition is expected to allow INTEC to accelerate its growth in UK deepwater...
- Research articles 2002-04-01
- PrimeEnergy Corporation Forms Oil & Gas Partnership with GE Commercial Finance Energy Financial Services
- STAMFORD, Conn. -- PrimeEnergy Corporation Prime announced today that its wholly-owned subsidiary, F-W Oil Exploration L.L.C. FWOE, has entered into an agreement to contribute substantially all of its offshore proved producing and shut in properties to a newly formed limited partnership in exchange for cash and a 20% general partner...
- Research articles 2005-08-23
- CAMEROON: CHAD-CAMEROON OIL PIPELINE PROJECT LOAN APPROVED.(loan from International Financial Corp.)(Brief Article)
- The International Financial Corporation, a subsidiary of the World Bank, approved a $100 million worth of loans for the Chad-Cameroon oil pipeline project, This Day Logos reports. The project, which is a joint venture between ExxonMobil, Chevron and Malaysia's Petronas, is expected to be completed by...
- Research articles 2001-07-12
- IAG joins the offshore rush.
- Jun 09, 2003 (The Australian Financial Review - ABIX via COMTEX) Insurance Australia Group IAG has contracted Indian company Phoenix Global Solutions to develop new software. The software will be used by IAG's Victorian subsidiary, CGU, in conducting its insurance intermediary business. The chief...
- Research articles 2003-06-09
- Satyam Computers Services Ltd. F2Q08 (Qtr End 9/30/07f) Earnings Call Transcript
- Question-and-Answer Session Operator Thank you sir. Ladies and gentlemen, we will now begin the question and answer session. Please note that all participants who have logged into the call are allowed to ask questions and there is no specific priority for participants in India and the ones outside...
- Earnings calls 2007-10-24
- Centrica sells stake in wind farms to finance £725m Lincs project
- Thursday 29 October 2009 Construction on the 270MW Lincs wind farm off the coast of Lincolnshire is set to begin next year after developer Centrica sold off 50% of three other wind farms, it emerged yesterday (October 29). The Lincs scheme, which will be situated eight kilometres off the coast...
- News items 2009-10-29
- The Forgotten Strategy
- The Idea in Brief Multinationals' global operations consistently underperform their domestic operations. Why? These companies' strategies focus mostly on similarities across their markets: whenever possible, global companies standardize their business models to achieve economies of scale. They...
- Articles 2007-11-02
- Prumerica Systems Ireland Makes Donation to Donegal Special Olympics
- Business Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.031703/bb14 DONEGAL, Ireland--BUSINESS WIRE--March 17, 2003 Prumerica Systems Ireland, Ltd., an offshore programming and technology development subsidiary of Prudential Financial, Inc. (NYSE:PRU), recently made a $1,000 donation to the Donegal...
- Research articles 2003-03-17
- Trinity Partners Receives ISO 9001: 2000 Certification; Gains International Recognition for Its Quality Management System
- TUCSON, Ariz. -- Trinity Partners, a leading provider of technology-enabled Business Process Outsourcing BPO and IT delivery solutions to financial institutions, today announced that its Indian offshore operations and 100 percent owned subsidiary, Trinity Business Process Management Pvt. Ltd., has successfully completed the certification process by the International Organization for...
- Research articles 2005-06-13
- Kuwait Petroleum retains Goldman Sachs to evaluate potential divestiture of Santa Fe International
- KUWAIT CITY, KUWAIT--BUSINESS WIRE--April 10, 1997--Kuwait Petroleum Corp. today announced that it has retained Goldman, Sachs & Co. as its financial advisor to evaluate various strategic options regarding the potential divestiture of all or a substantial portion of its wholly-owned subsidiary, Santa Fe International Corp. Santa Fe...
- Research articles 1997-04-10
- Investor accuses Berkley, LEP plc of improprieties. (William Berkley of LEP Group PLC sued by investor Itoba Ltd.)
- GREENWICH -- A corporate investor has charged that Greenwich insurance tycoon William Berkley and other corporate officials fraudulently failed to disclose the true state of the financial condition of a company they were involved with. Itoba Ltd., an offshore, wholly-owned subsidiary of ADT Ltd., claims ...
- Research articles 1992-10-05
- COSL SHAREHOLDERS REJECT AFFILIATE TRANSACTION
- AsiaInfo Services 12-06-2004 COSL Shareholders Reject Affiliate Transaction BEIJING, Dec 06, 2004 SinoCast via COMTEX -- The shareholders of China Oilfield Services Limited COSL rejected the proposal of depositing amount of revenue to its affiliated finance company. China...
- Research articles 2004-12-06
- Aktiv Kapital ASA acquires 37.7% holding in Crystal Production ASA
- NORDIC BUSINESS REPORT-16 October 2003-Aktiv Kapital ASA acquires 37.7% holding in Crystal Production ASAC1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian financial services group Aktiv Kapital ASA said on Thursday (16 October) that its subsidiary Agenor Okonomi AS had agreed to acquire the troubled offshore production company Crystal Production ASA's debts....
- Research articles 2003-10-16
- Need to know: Unite joint venture ... SAS job cuts ... Swisscom profits rise ...
- View video and Need to Know interactive heatmap Economics Unemployment: Official data showed that nearly one million young people are out of work as unemployment hit a 14-year high. More than 700,00 18 to 24-year-olds and 206,000 16 to 17-year-olds are jobless. Inflation: Mervyn King, Governor of the Bank of...
- News items 2009-08-12
