Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie Tekhnologii to acquire U.S. oilfield services provider Baker Hughes’ Russian assets, a Russian government document...
Berkshire trims stake in China’s BYD H-shares worth HK$560 million – filing
Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 3.297 million Hong Kong-listed shares of electric vehicle maker BYD for HK$560.05 million ($71.35 million), according to a filing on Friday...
U.S. DOJ preparing to probe Adobe’s $20 bln Figma deal – Politico
The U.S. Department of Justice is preparing to open an investigation into Adobe Inc’s $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of the matter and a document...
Australia’s Perpetual rejects $1.1 bln takeover, regulator probes trading
Trading in shares of Australian asset manager Perpetual Ltd in the final minute of trade on Wednesday is being investigated in light of a A$1.68 billion ($1.07 billion) takeover bid that arrived on Thursday, the...
CCI puts AGI Greenpac’s acquisition of HNG on hold, seeks more details
The Competition Commission of India (CCI) put AGI Greenpac’s acquisition proposal of Kolkata-based Hindusthan National Glass & Industries Ltd (HNG) on hold, just days after the committee of creditors (CoC)...
Gateway Distriparks to acquire ICD Kashipur
Gateway Distriparks Limited (GDL) has signed a share purchase agreement (SPA) to acquire Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). “The agreed purchase consideration for the acquisition of...
LIC picks up over 2% additional stake in Capri Global for ₹257 cr
Insurance behemoth Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of ₹257.37 crore. Its shareholding in Capri Global has...
Emerson sells majority stake in $14 bln climate tech unit to Blackstone – WSJ
U.S. industrial firm Emerson Electric Co is selling a majority stake in its climate-technologies unit to Blackstone Inc, in a deal that would value the unit at $14 billion including debt, the Wall Street Journal...
Stellantis Jeep joint venture in China to file for bankruptcy
The venture between Stellantis and Guangzhou Automobile Group Co (GAC) producing Jeep vehicles in China will file for bankruptcy, the companies said on Monday, after a lengthy decline for the oldest foreign auto brand...
UK’s next National Lottery operator Allwyn in talks to buy Camelot UK
UK’s incoming National Lottery operator Allwyn Entertainment is in talks to buy former operator Camelot’s UK operations, the companies said in a joint statement on Saturday. An agreement could be struck in...
Blockchain firm Valereum gets approval to buy Gibraltar exchange
Blockchain company Valereum said it has received regulatory approval to buy the Gibraltar Stock Exchange (GSX) and turn it into a gateway to European capital for fledgling companies from the Middle East, India and...
British International Investment leads ₹200 cr round in Kinara Capital
Small business lender Kinara Capital on Friday said it has secured ₹200 crore (around $25 million) in a financing round led by UK’s development finance institution (DFI) British International Investment (BII). The...
