C&S Wholesale Grocers, with the backing of SoftBank Group, is nearing a deal to acquire stores that Kroger and Albertsons Companies Inc are looking to sell to obtain regulatory approvals for their $25 billion...
IFCI gets binding bid from ACRE for Barwa Adda debt
IFCI is in the process of selling a rupee term loan of the Barwa Adda Expressway project, aiming to recover 45% of the debt. The lender has put up the ₹290 crore debt for sale, with a reserve price of ₹130 crore based...
Emirati company buys 30% stake in Egypt tobacco firm Eastern Co.
UAE’s Global Investment Holding Co. has agreed to buy a 30% stake in Eastern Co., Egypt’s main tobacco products maker, for $625 million, a measure that will widen private participation in the economy...
Robinhood to buy back Bankman-Fried’s stake from US govt for $605.7 million
Robinhood said it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies. The...
McLaren Applied’s Lavoie buys bankrupt Dutch e-bike maker VanMoof
Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, said on Thursday it has agreed to buy bankrupt premium Dutch e-bike maker VanMoof and will invest to stabilize and expand...
Cognex to buy Japan optics component firm from Trustar Capital
U.S. vision systems company Cognex said it has agreed to buy Japanese optical component producer Moritex Corp for 40 billion yen ($273.49 million) in its largest acquisition to date, as it seeks to increase its market...
JSW may buy Ford’s shut Chennai plant
The Sajjan Jindal-led JSW Group is in advanced talks to acquire the shuttered Chennai factory of Ford Motor Co. for its planned entry into electric-vehicle (EV) space, two people aware of the matter said. “Talks started...
Australia’s Orora confirms talks to buy French glass bottles maker Saverglass
Australian packaging firm Orora Ltd confirmed it was in advanced discussions regarding a potential acquisition of French high-end glass bottle manufacturer Saverglass SAS. “The negotiations will take some days to...
Dalmia Bharat draws closer to taking over Birla Tyres
Dalmia Bharat Group is set to acquire Birla Tyres after creditors approved their resolution plan that proposes partial repayment of ₹1,100 crore of bank loans of the BK Birla Group company undergoing insolvency...
Life sciences firm Danaher to buy Abcam in $5.7 bln deal
Danaher Corp agreed to buy protein consumables manufacturer Abcam Plc in a $5.7 billion all-cash deal including debt, as the medical tools supplier looks to expand its portfolio of products and services. The deal will...
Brazil’s Natura mulls sale of The Body Shop
Brazilian cosmetics maker Natura & Co said its board of directors had authorized the company to search for “strategic alternatives” for its subsidiary The Body Shop, including a potential sale of the...
IndiGrid completes acquisition of Virescent Renewable Energy Trust
Infrastructure investment trust India Grid Trust said it has completed the acquisition of Virescent Renewable Energy Trust (VRET). India Grid Trust said the enterprise value is not exceeding Rs 4,000 crore, subject to...
