Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years. The company said it sold...
Genesis Energy sells soda ash operations for $1.43 bln
Genesis Energy said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping the pipeline operator to focus on the midstream energy sector. Shares...
UK’s Topps Tiles-CTD Tiles deal may get approval, competition regulator says
Britain’s competition regulator said on Monday it might green light Topps Tiles’ 9 million-pound ($11.3 million) acquisition of CTD Tiles, if the proposed remedies are found sufficient. Last month, the...
Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday...
Welltower to acquire Amica Senior Lifestyles portfolio for $3.2 billion
Real estate income trust Welltower said on Sunday it will acquire Canada-based senior living company Amica Senior Lifestyles’ portfolio from the Ontario Teachers’ Pension Plan for C$4.6 billion ($3.18...
NCLAT sets aside insolvency proceedings against Coffee Day Enterprises
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing a bankruptcy plea filed...
Italian tycoon Caltagirone ups Monte dei Paschi stake to 8%, paper says
Italian tycoon Francesco Gaetano Caltagirone has increased its stake in Banca Monte dei Paschi (MPS) to 8%, Italian daily La Stampa reported on Thursday on its website. Caltagirone and MPS both declined to comment...
Agnellis cut Ferrari stake to raise 3 billion euros for new deals
Italy’s Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its holding company Exor said on Thursday. The sale will...
Japan Post planning $4 billion sale of shares in Japan Post Bank, sources say
Japan Post Holdings is planning to sell shares in Japan Post Bank which could total some 600 billion yen ($4.02 billion), two sources familiar with the matter said, in the latest loosening of ties between the businesses...
EU approves $2.3 billion takeover of Infinera by Nokia
The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised...
Copenhagen Infrastructure Partners to buy Morecambe wind project
Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday. The 480-megawatt fixed-bottom offshore wind project...
KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its...
