Information and analytics firm Ascential said it would sell its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.7 billion) as the UK-based company focuses on its...
Yes Bank acquires additional stake in JC Flowers ARC, reinstates to 9.9%
Yes Bank has acquired additional shares in J.C. Flowers Asset Reconstruction (JC Flowers ARC) to reinstate the bank’s stake to 9.9% in the company, the private lender informed in its filing to the exchanges in the wee...
Aurelius in talks to buy The Body Shop, source says
Private equity investor Aurelius Group is in talks to buy beauty products chain The Body Shop, which has been put up for sale by its Brazilian owner Natura & Co, a source familiar with the talks told Reuters. If...
Hedge fund Sculptor accepts sweetened $720 mln buyout bid from Rithm
Sculptor Capital Management on Friday agreed to a sweetened buyout deal from Rithm Capital that values the hedge fund at about $719.8 million, and secured the backing of its founder who had earlier opposed the...
TC Energy exploring stake sale of assets worth billions – Bloomberg News
Canadian pipeline operator TC Energy is exploring a multibillion-dollar asset sale plan to lower its debt and fund new investments, Bloomberg News reported on Friday, citing people familiar with the matter. The company...
Hedge fund Sculptor accepts sweetened $720 mln buyout bid from Rithm
Sculptor Capital Management agreed to a sweetened buyout deal from Rithm Capital that values the hedge fund at about $719.8 million, and secured the backing of its founder who had earlier opposed the acquisition. Under...
Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution plan
Jindal (India), promoted by the family that controls Jindal Poly Films, has submitted a debt resolution plan for debt-laden Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process, said people briefed...
Law firms Pillsbury and Stroock end discussions over possible merger
Law firms Pillsbury Winthrop Shaw Pittman and Stroock & Stroock & Lavan said on Thursday that they have ended discussions about a possible merger. Pillsbury said in a statement that it considered options...
Western Digital, Japan’s Kioxia call off merger talks – sources
Western Digital and Japan’s Kioxia Holdings have called off merger talks after failing to agree on terms, two people said on Friday, in the latest stumble for an on-again-off-again deal to create one of the...
Swiss-Asia Holding exits ABFRL, sells entire 1.03% stake for Rs 207 crore
Financial services company Swiss-Asia Holding Pte offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for Rs 207 crore through an open market transaction. Swiss-Asia Pte through its...
UniCredit to acquire stake in Greek bank Alpha in Romania deal
UniCredit said it plans to become Alpha Bank’s biggest investor by buying a 9% stake owned by Greece’s bank bailout fund, as the Italian lender also agreed to acquire most of Alpha’s Romanian business...
Masdar to buy 49% stake in Iberdrola’s East Anglia 3 wind farm – report
Abu Dhabi’s Masdar is set to buy a 49% stake in Spanish utility Iberdrola’s largest offshore wind project off Britain’s eastern coast, known as East Anglia 3, Spanish newspaper Cinco Dias reported on...
