Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in a business that holds its projects in the central city of Xian to a state-owned...
Mike Ashley’s Frasers buys JD Sports’ premium fashion brands for $58 mln
British retailer Frasers Group said it has bought shares in premium fashion brands of JD Sports for about 47.5 million pounds ($57.7 million), as the Mike Ashley-owned company continues its drive into a more premium...
Energy veteran Rice’s SPAC to take NET Power public in $1.5 bln deal
A blank-check firm backed by energy industry veteran Daniel Rice will take clean energy producer NET Power public in a deal valued at $1.46 billion including debt. The deal by Rice Acquisition Corp II comes as U.S...
Tamo approves partial divestment possibility in TTL
Tata Motors’ board has accorded in -principle to the company to consider partial divestment of its stake in Tata Technologies, which is due to go public In the current fiscal year (FY23). “…..the IPO...
Microsoft buys stake in London Stock Exchange
Microsoft Corp. will take a 4% stake in the London Stock Exchange’s corporate parent and provide cloud computer services for the financial markets company, in a deal that reflects the growing use of data and tech in...
Grill maker Weber to go private with BDT Capital in $3.7 bln deal
Weber Inc, known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal. BDT, which has a 48.2% stake in Weber, will buy...
Thoma Bravo agrees to $8 billion take-private of Coupa Software amid tech slump
Coupa Software Inc said it has agreed to be taken private by buyout firm Thoma Bravo in a deal that values the cloud-based business software firm at $8 billion. News of the deal sent Coupa’s shares up 27%, after a...
Abu Dhabi Investment Authority to invest in India’s Lenskart – ET
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) is in advanced talks with Indian eyewear retailer Lenskart to invest $350 million to $400 million at a valuation of $4.5 billion, the Economic Times...
Broadcom faces EU antitrust probe into $61 bln VMware deal – sources
U.S. chipmaker Broadcom is set to face a setback in its $61 billion bid for cloud computing company VMware with EU antitrust regulators poised to open a full-scale investigation into the deal, people familiar with the...
GMM Pfaudler’s subsidiary to acquire Mixel France SAS for €7 million
GMM Pfaudler Ltd through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on December 8, 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. Ltd. (collectively...
Hindustan Unilever to acquire 19.8% in Nutritionalab for ₹70 crore
Hindustan Unilever Limited (HUL) announced today that it is going to acquire 19.8% shareholding for ₹70 crore of Nutritionalab Private Limited, a private limited company incorporated in India. Health and Wellbeing...
Walgreens cuts stake in AmerisourceBergen through $1 bln share sale
Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of $1 billion, the U.S. drugstore chain said on Thursday, further cutting its ownership in the drug distributor, by 3% to about...
