Italy on Monday sold a 25% stake in bailed-out Monte dei Paschi di Siena (MPS), raising 920 million euros ($1 billion) and advancing plans to re-privatise the world’s oldest bank two years after a failed first...
UK’s musicMagpie in talks with BT Group-Aurelius on possible offer for sale
musicMagpie said it was in early-stage talks with BT Group and Aurelius Group regarding a possible offer to buy the British online retailer of used smartphones and electronic products. The seller of second-hand DVDs and...
Radiance mandates Rothschild to sell platform
Eversource Capital-backed Radiance Renewables Pvt. Ltd has mandated Rothschild & Co. for the sale of the platform that serves commercial and industrial (C&I) customers in a deal having a potential equity value...
Abris mulls sale of Polish healthcare company Scanmed – sources
Abris Capital Partners investment fund is mulling a sale of private healthcare provider Scanmed Group, with Polish cardiovascular care company American Heart of Poland being the most likely buyer, sources familiar with...
Germany’s plans to buy TenneT hit new snag after court ruling on budget funds – sources
The German government’s plans to buy the local division of Dutch grid operator TenneT have hit a new snag following a ruling by the country’s constitutional court this week on the use of pandemic funds...
NCLAT to hear pleas challenging Birla Tyres resolution plan next week
The National Company Law Appellate Tribunal (NCLAT) will hear two separate pleas involving the resolution plan of Birla Tyres next week. One of the pleas, filed by HDFC Bank challenging the joint resolution plan of...
Jacobs poised to merge government consulting unit with Amentum
Engineering consultant Jacobs Solutions Inc. is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc., people familiar with the...
Egypt sells stake in tobacco firm Eastern Co to UAE company
Egypt has sold a stake in tobacco products maker Eastern Co in its first foreign sale of a major state asset since it agreed to a privatisation programme with the IMF last December. The buyer was the UAE’s Global...
Airbnb acquires AI startup GamePlanner
Airbnb said it has acquired GamePlanner.AI, a 12-person startup, for an undisclosed sum, amid rapid adoption of artificial intelligence that has taken the tech world by storm and pushed many companies to explore its...
Agritech DeHaat acquires Freshtrop Fruits’ export business for $9 million
Agritech startup DeHaat is acquiring Freshtrop Fruits’ export business for Rs 77 crore (about $9.3 million), as per a regulatory filing. The deal, announced on Tuesday, also entails Freshtrop Fruits’ export vertical...
Australia’s Karoon Energy to buy stakes in US offshore assets for $720 mln
Karoon Energy announced deals worth $720 million to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia...
Private equity fund takes 20% stake in EV data provider Benchmark Mineral
Private equity fund Spectrum Equity has bought a 20% stake in UK-based Benchmark Mineral Intelligence in a deal that values the data and information provider for the electric vehicle (EV) supply chain at just under $500...
