BDK Valve Private Ltd., a manufacturer of industrial valves, and Gurukrupa Group, a realty developer in western India, on Wednesday announced the successful acquisition of 100% stake in Theis Precision Steel India Pvt...
JPMorgan to buy almost $2 bln of mortgages in the PacWest deal – source
JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of PacWest Bancorp, a source with knowledge of the matter told Reuters. The investment bank has...
Cellnex explores sale of stake in 1 billion euro Nordic unit
Spain’s Cellnex is exploring a sale of a minority stake in its Nordic operations that could value the unit at up to 1 billion euros ($1.11 billion), people familiar with the matter said, as the company looks to...
Turkey’s Koc Holding to sell 6.81% stake in lender Yapi Kredi
Turkey’s Koc Holding said that it will sell a 6.81% stake in Yapi Kredi Bank to institutional investors through an accelerated book build process. Koc Holding, an industrial conglomerate, said the stake has a...
France’s Thales to buy Imperva in $3.6 bln cybersecurity deal
France’s Thales said it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers. Thales’...
Public Storage to acquire Simply Self Storage for $2.2 bln
Self-storage operator Public Storage said it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage...
Coffee Day Global now in bankruptcy process
Coffee Day Global, which operates the Cafe Coffee Day chain across India, was admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court last week, said people aware of the development. The...
At-home health test maker Thorne explores sale
Thorne HealthTech Inc, a provider of at-home health tests and nutritional supplements, is exploring a sale, according to people familiar with the matter. The New York-based company is working with investment bank CG...
Safran agrees to buy Collins flight controls business
France’s Safran said it had agreed to buy a supplier of critical cockpit functions from Collins Aerospace in a cash deal valuing it at $1.8 billion, as it prepares for the next generation of increasingly...
L&T Innovation Campus board approves merger with L&T Seawoods
The Board of Directors of L&T Innovation Campus (Chennai) Limited (LTICCL) at its meeting held on July 19, 2023, has approved a scheme of arrangement for merger of LTICCL with L&T Seawoods Limited (LTSL). LTICCL...
Dutch SPAC in advanced talks to acquire electric vehicle group
SPEAR Investments I, a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the...
Abu Dhabi’s ADNOC raises Covestro takeover bid to $12.3 billion
State oil giant Abu Dhabi National Oil Co has increased its buyout offer for Covestro AG to around 11 billion euros ($12.3 billion), a person familiar with the proposal told Reuters on Tuesday. ADNOC’s latest bid...
