Dubai-based Averda International, one of the largest waste management firms in the Middle East and North Africa, is planning to sell a stake in the business, sources familiar with the matter said. The company is working...
Welspun set to acquire 70% debt of Sintex BAPL
Welspun Corp is set to acquire over 70% of the debts of KKR-backed Sintex BAPL, paving the way to take control of the distressed plastic products-maker amid insolvency proceedings, said two people aware of the...
Proposed merger of Simon & Schuster with Penguin is officially over
Simon & Schuster’s corporate parent has officially ended the agreement for Penguin Random House to purchase the publisher, a proposed sale a federal judge already had blocked last month. Paramount Global also...
Affirma Capital seeks to sell stake in Jordan’s Fine Hygienic Holding -sources
Singapore-based buyout firm Affirma Capital is seeking to exit its stake in Jordan-based Fine Hygienic Holding, one of the Middle East’s largest makers of tissue and paper products, two sources told Reuters...
Penguin Random House scraps $2.2 bln deal to merge with Simon & Schuster
Penguin Random House, the world’s largest book publisher, and smaller U.S. rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann announced on Monday. Bertelsmann, a...
ABB raises $209 mln from selling stake in EV charging business
ABB has raised around 200 million Swiss francs ($209 million) from selling an 8% stake in its electric vehicle (EV) charging business, as the Swiss engineering and technology company drums up interest in a unit it hopes...
Buffett’s Berkshire boosts stakes in Japan’s five biggest trading houses
Berkshire Hathaway Inc, run by billionaire Warren Buffett, has raised its stakes in each of Japan’s five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday...
UK’s next National Lottery operator Allwyn acquires Camelot UK
European lottery group Allwyn Entertainment, set to run UK’s National Lottery, agreed to buy former operator Camelot’s UK operations, the company said on Saturday. Allwyn did not disclose the value of the...
Binance to relaunch bid to buy bankrupt Voyager Digital – Coindesk
Crypto exchange Binance’s U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter. The report comes days after...
France’s Digital Virgo to list in U.S. in $513 mln SPAC deal
Digital Virgo said on Thursday it would list in the United States in a blank-check deal that values the French mobile payments platform at $513 million, including debt. The Lyon-based company operates in more than 40...
Japanese chipmaker Rohm considering joining JIP for Toshiba buyout
Japanese chipmaker Rohm Co Ltd said on Wednesday it was considering joining a consortium led by private equity fund Japan Industrial Partners (JIP) to buy out Toshiba Corp, as JIP works to consolidate its proposal. The...
South Africa’s competition tribunal approves Impala-RB Platinum merger
South Africa’s competition tribunal said on Wednesday it has approved with conditions Impala Platinum’s (IMPJ.J) proposed acquisition of Royal Bafokeng Platinum. The tribunal said the conditions include...
