Italy’s Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its holding company Exor said on Thursday. The sale will...
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Japan Post planning $4 billion sale of shares in Japan Post Bank, sources say
Japan Post Holdings is planning to sell shares in Japan Post Bank which could total some 600 billion yen ($4.02 billion), two sources familiar with the matter said, in the latest loosening of ties between the businesses...
EU approves $2.3 billion takeover of Infinera by Nokia
The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised...
Copenhagen Infrastructure Partners to buy Morecambe wind project
Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday. The 480-megawatt fixed-bottom offshore wind project...
KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its...
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
Apollo Pipes announced that it has made an additional investment by acquiring a 0.50% equity stake in its subsidiary, Kisan Mouldings (KML), through a secondary purchase. Kisan Mouldings, a subsidiary of the company, is...
CICC to merge with Galaxy Securities to form China’s No.3 brokerage, say sources
State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country’s third-largest brokerage with $193 billion in assets...
Baidu buys JOYY’s China live-streaming unit for $2.1 billion in digital video push
Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video...
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion
Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about $4.1 billion, sending the latter’s shares up around 9%. The deal...
AkzoNobel N.V. to acquire Indian arm’s powder coatings business
Akzo Nobel India announced that its board of directors has accepted a binding offer from AkzoNobel N.V. to acquire the company’s powder coatings business and International Research Centre (R&D) for Rs 2,073...
Prosus to buy Just Eat to create a European food delivery ‘champion’
Dutch technology investor Prosus has agreed to buy Just Eat Takewaway.com for 4.1 billion euros ($4.3 billion) to create a “European tech champion” of food delivery, it said on Monday. Prosus’ move...
UK’s Wood Group renews takeover talks with Dubai’s Sidara
Britain’s struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago, both parties said...
