Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans...
NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV
The National Company Law Tribunal (NCLT) has admitted Canara Bank’s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme...
China’s GCL expects more information soon on polysilicon restructuring
A GCL Technology Holdings official signalled in a call with investors on Sunday that more information on a plan to restructure China’s polysilicon industry would be released soon. “We believe that clearer...
PepsiCo sharpens energy drink focus with bigger Celsius stake
PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. The popularity of energy drinks...
DuPont to sell Kevlar, Nomex business to Arclin for $1.8 billion
DuPont will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. The sale will not...
Colt buys majority stake in $1 billion gunpowder ingredient maker
Czech-based firearms maker Colt CZ Group SE has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns...
NCLT admits AGS Transact for insolvency
The bankruptcy court in Mumbai has admitted AGS Transact Technologies for corporate insolvency resolution process (CIRP) on an application filed by the listed payment solution company’s operational creditor...
Celebrity-backed diaper maker Coterie nears sale to Mammoth Brands, sources say
Premium baby diaper brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors, is in talks to sell itself to consumer goods company Mammoth Brands, according to people familiar...
CCI approves acquisition of Jaiprakash Associates by Adani Group
The Competition Commission of India (CCI) on Tuesday approved the acquisition of Jaiprakash Associates by Adani Entities. In an official statement, the CCI said that the deal proposes the acquisition of up to 100 per...
Rheinmetall wants to take over German shipbuilder NVL, Bild reports
Defence group Rheinmetall wants to take over German shipbuilder Naval Vessels Luerssen, the German daily Bild reported on Wednesday, citing industry sources. According to Bild, the Luerssen family, who own the...
South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump
South Korea’s HD Hyundai Heavy Industries, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding...
Berlusconi-backed MFE set to clinch Germany’s ProSieben after PPF sells stake
MediaForEurope (MFE) is set to take control of ProSiebenSat.1 after Czech investment group PPF on Wednesday said it would sell its stake in the German broadcaster to the TV group controlled by Italy’s Berlusconi...
