Italian shipbuilder Fincantieri is in talks with Leonardo to buy the defence group’s submarine unit Whitehead Alenia Sistemi Subacquei (Wass), newspapers reported on Wednesday, sending Fincantieri’s shares...
China’s Antfin sells Zomato stake worth $341.5 million
China’s Antfin sold a 2.1% stake in Indian food delivery platform Zomato worth $341.5 million on Wednesday, stock exchange data showed. The stake sale comes amid tensions between Beijing and New Delhi over issues...
CIEL Group acquires strategic stake in Courseplay
Human resource solutions provider CIEL Group on Tuesday said it has acquired a strategic stake in Courseplay, a Mumbai-based leading global learning experience platform. This move is in line with Chennai-based...
BSE may buy out S&P Dow Jones Indices’ entire 50% stake in joint venture
The BSE is likely to buy out S&P Dow Jones Indices’ entire 50 per cent stake in joint venture (JV) Asia Index (AIPL), an index provider. The move follows a long dispute between the two bourses over the JV...
Cisco’s Splunk deal set to win unconditional EU antitrust OK, sources say
Cisco Systems is set to secure unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk, two people with direct knowledge of the matter said on Tuesday. The deal announced last year and...
Carrier to sell industrial fire business in $1.43 bln deal
Carrier will sell its Industrial Fire division to Sentinel Capital Partners in a $1.43 billion deal, the company said on Tuesday, pressing ahead with the divestment of non-core assets to focus on heating and cooling...
Global M&A volumes to rise by 50% this year, says Morgan Stanley
Global deal-making volumes will rise by 50% this year compared to 2023 as fears over funding costs, inflation and recession concerns abate, Morgan Stanley said in a note on Monday. “We think that this...
Exor takes 10% stake in data provider Clarivate, can rise to 17.5%
Italy’s Agnelli family has a 10.1% stake in New York-listed information services provider Clarivate through their investment arm Exor, the two companies said on Monday, adding that Exor could increase its stake to...
Mercury 13 group makes first acquisition with Italian club Como Women
Mercury 13, a women’s football multi-club ownership group, unveiled their first portfolio team on Monday after acquiring a controlling stake in Como Women from Italy’s Serie A. The group, led by Victoire...
Trafigura to acquire Greenergy’s European business
Commodity trader Trafigura has agreed to acquire Greenergy’s European business from Brookfield Asset Management and its affiliate Brookfield Business Partners for an undisclosed sum, it said on Monday. Greenergy...
Vista Outdoor gets $2.9 bln takeover offer from investment firm MNC Capital
Investment firm MNC Capital has offered to buy sporting goods and outdoor products company Vista Outdoor for $2.9 billion including debt, it said on Friday, challenging Vista’s planned sale of its sporting goods...
Australia’s Syrah Resources inks offtake deal with S. Korea’s Posco Future M
Australia’s Syrah Resources said on Friday it will supply natural graphite product from its Balama graphite operations in Mozambique to South Korean chemical and battery material maker Posco Future M. Under the...
