Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett’s Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after years of...
NCLAT clears Vedanta demerger plan
The National Company Law Appellate Tribunal (NCLAT) has cleared Vedanta’s plan to restructure its power and metal businesses by overturning an order of the National Company Law Tribunal (NCLT) Mumbai bench that had...
India’s CCI clears major merger in paints and coating industry – JSW Paints | Akzo Nobel India
India’s Competition Commission(CCI) has cleared JSW Paints Ltd.’s plan to acquire as much as 75% of Akzo Nobel India Ltd., a deal that would reshape the South Asian nation’s paints and coatings market. According to a...
L’Oreal to buy majority stake in British skincare brand Medik8
L’Oreal (OREP.PA) has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant’s position in the fast-growing dermatological skincare market. Neither...
JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr
JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore, formalising a joint venture with the company. This makes the JK Organisation group...
Aditya Birla Group expands US footprint with acquisition of Cargill’s chemical facility
Aditya Birla Group has made a significant move in the US chemicals industry by acquiring Cargill Incorporated’s specialty chemical manufacturing facility in Dalton, Georgia. This acquisition marks a strategic expansion...
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Zydus to acquire 2 biologics manufacturing units in U.S. from Agenus for $125 million
Zydus said the acquisition, through a subsidiary, will provide access to advanced biologics manufacturing capabilities and establish a key presence in the leading global biotechnology hub of California. Zydus...
Reckitt eyes new options to advance Air Wick unit sale, sources say
Britain’s Reckitt (RKT.L) is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Bristol Myers agrees up to $11.1 billion deal with BioNTech to shake up cancer immunotherapy
Bristol Myers Squibb (BMY.N) has agreed to pay up to $11.1 billion to partner with Germany’s BioNTech and develop the latter’s next-generation cancer immunotherapy, which could take on rival Merck &...
Sanofi finds M&A fix for its multiple itches
LONDON, June 2 (Reuters Breakingviews) – Sanofi is one European giant that’s still focused on the United States. The $123 billion French drugmaker will pay up to $9.5 billion, for Blueprint Medicines, a U.S. group...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
