Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is among the parties considering a bid for a 34% stake in Associated British Ports that could be valued at about 2 billion pounds ($2.42 billion) or more...
Czech group PPF takes 9.1% stake in Germany’s ProSiebensat.1
Czech investment group PPF has taken a 9.1% stake in ProSiebensat.1, PPF said on Tuesday, becoming the German broadcaster’s second-largest investor behind Italy’s MFE-MediaforEurope. “PPF believes the...
CBA’s Group Super fund seeks merger with Australian Retirement Trust
Commonwealth Bank of Australia’s Group Super corporate fund has entered into a memorandum of understanding (MoU) with the Australian Retirement Trust (ART) to pursue a merger, the lender said on Tuesday. The...
Link Administration in talks to settle regulatory probe, sell LFS unit
Australia’s Link Administration Holdings (Link Group) said on Monday that it is in advanced discussions to settle a probe into its UK-based Link Fund Solutions (LFS) unit and to sell the firm to Dublin-based...
NCLT approves Reliance Industries, ACRE joint bid to acquire Sintex Industries
Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) have secured approval for their joint bid to acquire debt-ridden textiles maker Sintex Industries from the National Company Law Tribunal (NCLT)...
VMware, Broadcom extend merger close deadline by three months
Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing on Friday. The new “outside...
TPG in talks to buy $300 mln Malaysian education assets from KV Asia -sources
U.S. private equity firm TPG is in advanced talks to buy Malaysian private education assets owned by regional buyout firm KV Asia Capital in a deal that could be worth more than $300 million, three sources with...
China’s Sinochem denies report of Pirelli stake sale
China’s Sinochem Holdings Corp, the biggest investor in Pirelli & C SpA, on Thursday denied a report that it planned to sell its 37% stake in the Italian tyremaker. Bloomberg had reported on Wednesday that the...
Adobe will need EU okay to acquire Figma, regulators say
Adobe Inc will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators...
China’s Sinochem weighs sale of entire 37% stake in Pirelli – Bloomberg News
China’s Sinochem Holdings Corp, the biggest investor in Pirelli & C SpA, is considering selling its entire 37% stake in the Italian tyremaker, Bloomberg News reported on Wednesday, citing people familiar with...
Investcorp sells 1.89% stake in Safari Industries
Mid-market private equity fund Investcorp sold a 1.89% stake in luggage maker Safari Industries on Tuesday for ₹83.7 crore, exchange deals data showed. Investcorp Private Equity Fund II, a buyout fund managed by IDFC...
Sandwich chain Subway to explore sale
Subway said on Tuesday it was exploring a possible sale of its business as the sandwich chain faces surging costs and mounting competition from deeper-pocketed rivals. The Wall Street Journal said last month a potential...
