Saudi Arabia’s Public Investment Fund (PIF) is selling a 10% stake in Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, via an accelerated bookbuild offering, according to a...
Clean-energy deal seals fate for cross-border M&A
A strong dollar may tempt U.S. companies to shop abroad, but a deal unveiled on Wednesday will take any remaining steam out of such notions. The war in Ukraine, inflation and other factors already have hit cross-border...
Origin Energy $11.8bln buyout would be Australia’s largest PE deal ever
Origin Energy Ltd, Australia’s no.2 power producer and energy retailer, announced Thursday it would back an A$18.4 billion ($11.8 billion) buyout offer from a consortium led by Canada’s Brookfield Asset...
Microsoft’s $69 bln Activision bid faces EU antitrust probe
Microsoft may have to offer concessions to address EU antitrust concerns about its $69 billion bid for “Call of Duty” maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday...
LIC buys additional stake in Voltas for Rs 635 cr via open mkt transactions
Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake. LIC said it acquired Voltas’ shares worth Rs 634.50 crore through open market...
D2C Ecommerce acquires leading natural personal care brand Luxura Sciences
D2C Ecommerce, a homegrown multi-brand e-commerce platform has acquired leading personal care D2C brand Luxura Sciences’. Through this acquisition, D2C Ecommerce will expand in personal care and beauty segment...
Germany likely to block Chinese takeover of Elmos’ chip production
The German government will likely block the Chinese takeover of Elmos’ chip factory, the Dortmund-based company said on Monday. The economics ministry had been examining the sale to competitor Silex, a Swedish...
Walgreens-backed VillageMD to buy Summit Health in $9 billion deal
Primary care provider VillageMD, which is backed by Walgreens Boots Alliance Inc (WBA.O), is buying urgent care provider Summit Health in a deal valued at $9 billion, as the second-largest U.S. pharmacy chain expands...
Canada’s Ritchie Bros to buy auto retailer IAA in $7.3 bln deal
Canada’s Ritchie Bros Auctioneers Inc, which sells heavy industrial equipment, on Monday agreed to buy U.S.-based vehicle marketplace IAA Inc in a deal valued at about $7.3 billion, including debt. The cash-and...
Adani to raise ₹2,000 crore through retail bond sale
Adani Enterprises Ltd (AEL) plans to raise as much as ₹2,000 crore through a maiden retail bond sale by December, two bankers aware of the matter said. The flagship of billionaire Gautam Adani has secured an A+ rating...
Gold Fields target Yamana catches eyes of Agnico Eagle, Pan American
Agnico Eagle Mines Ltd and Pan American Silver Corp swooped in with a joint bid for Yamana Gold on Friday, in an attempt to scupper Gold Fields planned acquisition of the Canada-listed gold miner. The cash and stock...
China’s Fosun to raise $561 million from mining sale stake as part of asset selldown
China’s Fosun International Ltd said it would raise $561 million by selling part of its shares in Zhaojin Mining Industry Co as part of its ongoing string of asset sell-downs. The company, through one of its...
