Russia’s leading retailer X5 Group said it had agreed to acquire Victoria and Deshevo stores operated by Victoria Baltia in the Kaliningrad region, a Russian exclave on the Baltic coast. “The deal...
NCLAT dismisses all challenges to AGI Greenpac’s acquisition of HNG
The National Company Law Appellate Tribunal (NCLAT) has dismissed the challenge brought forth by Independent Sugar Corporation Limited (INSCO) and other companies against the Competition Commission of India’s...
Cannabis firms Cresco, Columbia Care to terminate $2 billion merger
Cannabis producers Cresco Labs and Columbia Care Inc have mutually terminated their $2 billion merger announced in March last year, the companies said. The deal was seen as a bet on a U.S. pot industry boom, and...
TPG, Francisco to take software firm New Relic private in $6.5 billion deal
New Relic said it has agreed to be taken private by TPG and Francisco Partners in a $6.5 billion all-cash deal amid stiff competition in the application performance monitoring space from rival software companies Datadog...
BDT & MSD buys stake in Italian packaging machines maker IMA
Private equity firm BC Partners has agreed to sell its stake in IMA to U.S. merchant bank BDT & MSD Partners, the Italian automatic packaging machines maker said on Monday, adding that the move will help it grow in...
Albemarle to take 5% stake in Patriot Battery Minerals for Canada lithium
Canada-based lithium developer Patriot Battery Metals, said Albemarle would invest C$109 million ($82.6 million) for an around 5% stake in the company, sending its Australia-listed shares up nearly 21%. Albemarle, the...
Natural Gas Pioneer Puts Investment Vehicle Into Bankruptcy to Protect Ranch, Other Assets
An investment vehicle owned by U.S. natural-gas entrepreneur Charif Souki has filed for bankruptcy and is suing its lenders to prevent foreclosure of its assets, including shares of a family-owned business and a luxury...
Takeover norm violations: SAT sets aside Sebi order against Ambani brothers
The Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India’s April 2021 order that had imposed a penalty of ₹25 crore on Mukesh Ambani, Anil Ambani, Reliance Industries Holdings...
BPEA EQT completes $6.5 billion merger of Vistra and Tricor
BPEA EQT, the Asian private equity arm of Swedish investment firm EQT, has completed the merger of its Hong Kong-based business services firms Vistra and Tricor, valuing the combined entity at $6.5 billion including...
Western Asset Mortgage intends to terminate Terra Property merger
Western Asset Mortgage Capital Corporation said it notified Terra Property Trust (TPTA.N) that it intends to terminate their merger agreement unless the company receives a revised proposal by Aug. 3. In June, Terra...
Italy’s RAI may sell part of its stake in tower unit Rai Way, minister says
Italy’s state broadcaster RAI could sell part of its stake in tower company Rai Way to state-backed firms as a way to collect resources for investments, Economy Minister Giancarlo Giorgetti said on Thursday. His...
Government proposes to sell up to 5.36% stake in Rail Vikas Nigam
The government will offload a 5.36% stake in state-run Rail Vikas Nigam Ltd (RVNL) through the offer-for-sale (OFS) route, which includes a green shoe option of 1.96%, a top official said. “Offer-for-sale in RVNL opens...
