A super app managed by Uber Technologies’ Middle East subsidiary Careem has offloaded a 50.3% stake to Emirates Telecommunications Group Company for $400 million, e& said in a filing. The super app will be...
Online vitamins retailer Sunday Natural explores sale – sources
Sunday Natural, an online retailer that makes nutrition products including vitamins and food supplements, is exploring options including a possible sale, according to people familiar with the matter. Berlin, Germany...
Canadian entrepreneur Lassonde plans to buy blocking stake in Teck’s Elk Valley, Globe and Mail reports
Canadian entrepreneur Pierre Lassonde is planning to buy a blocking stake in Elk Valley Resources, the steel-making coal unit to be spun off by Teck Resources Ltd, the Globe and Mail reported. In an interview with the...
Unstable markets drag Canadian M&A, debt issuance to four-year low
Canadian dealmakers are optimistic about a return to strength in the second half of the year after mergers and acquisitions in the first quarter dropped to pandemic levels, belayed by higher borrowing costs and panic...
Imarticus Learning acquires HeroMindmine
Professional education firm Imarticus Learning has acquired HeroMindmine, the Hero Group training arm, for an undisclosed amount. This is the third acquisition for the Mumbai-based firm. It had previously acquired...
Travel and expense management firm Navan to acquire Tripeur
Navan, a travel and expense management super app announced its agreement to acquire Bangalore-based Tripeur, a travel management company for an undisclosed amount. Tripeur, a corporate travel experience solution, serves...
CCI approves SREI Infrastructure Finance’s acquisition by NARCL, IDRCL
Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution Company Ltd. The deal has been cleared...
UK antitrust regulator looks at Amazon’s takeover of vacuum maker iRobot
Britain is to investigate Amazon.com’s anticipated takeover of robot vacuum maker iRobot Corp, the country’s competition regulator said on Thursday. The e-commerce giant’s planned $1.7 billion...
Moscow approves sale of Inditex’s Russian business to UAE-based buyer
The Russian government on Wednesday said it had approved a deal for Spain’s Inditex to sell its Russian business to a UAE-based buyer, with some of its former stores to reopen under new branding in April and May...
Energy buyout firm NGP eyes $7 bln Permian asset sales – sources
NGP Energy Capital Management is exploring the sale of two Permian basin-focused oil producers which could collectively fetch the private equity firm more than $7 billion, people familiar with the matter said on...
Apollo sweetens bid for Britain’s Wood Group with $2.1 bln offer
Private equity firm Apollo Management has made what it said was a final offer to buy John Wood Group for 1.66 billion pounds ($2.1 billion) in cash, after the British oilfield services and engineering firm rejected four...
M&G to oppose private equity bid for UK events group Hyve – FT
M&G Investments will vote against a takeover of British events group Hyve PLC, along with two other Hyve shareholders who think the bid significantly undervalues the international exhibition company, the Financial...
