Joint venture
joint venture (noun) - when two companies join together to do a business (common in Foreign Direct Investment when a foreign firm joins together with a local firm)
Example sentences:
* The French oil company was involved in a 50/50 joint venture with a Russian oil company.
* He was appointed CEO of a new joint venture with Sony.
* Both joint venture partners contributed staff in the annual joint audit.
* The company will be set up as a joint venture with a local partner firm.
* The need for leading edge technologies limits the choice of joint venture partners.
* Joint venture companies dominate in the automobile parts sector.
* We are looking to enter a joint venture with a larger foreign firm.
* The country is looking to amend its joint venture laws to prohibit nominee shareholders.
* The company holds a 25% stake in the joint venture.
* The Thai Cane and Sugar Corporation is a joint venture between planters, sugar millers, and government agencies.
* The bank set up a joint venture with the investment bank to set up an asset management firm.
* The company is trying hard to attract international investors and joint venture partners.
