Italian regional utility A2A has finalised a deal to buy larger peer Enel’s distribution assets in the northern Italian region of Lombardy, the two groups said on Monday. A2A signed a 1.22-billion euro ($1.27...
Adani Enterprises gains on acquiring 26% stake in Gidhmuri Paturia Collieries
Adani Enterprises added 1.15% to Rs 2,429.45 after the company announced that it has acquired 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services. Gidhmuri Paturia Collieries belongs...
Martin Midstream Partners terminates merger plan with Martin Resource Management
Martin Midstream Partners said on Thursday it will terminate the previously agreed-upon $157 million merger deal with Martin Resource Management Corp (MRMC). Martin Midstream, which focuses on storing and transporting...
NCLT admits insolvency plea against Hero Electric
A bankruptcy court in New Delhi has admitted Hero Electric Vehicles for a corporate insolvency resolution process in an application filed by its operational creditor Metro Tyres. The National Company Law Tribunal...
Murugappa family’s Mavco and Avenue Capital Group gets CCI nod to acquire MHM Holding
The Competition Commission of India (CCI) has approved Murugappa family affiliate Mavco Investments and Avenue Capital Group’s proposal to acquire Germany-based MHM Holding. MHM Holding is the parent company of...
Martin Midstream Partners terminates merger plan with Martin Resource Management
Martin Midstream Partners said on Thursday it will terminate the previously agreed-upon $157 million merger deal with Martin Resource Management Corp (MRMC). Martin Midstream, which focuses on storing and transporting...
Hisense in talks with contract manufacturer Epack Durable to pick minority stake
Hisense Group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a...
Weaver Services in talks to raise ₹1,000 crore from Premji Invest, Paragon Partners
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the...
KKR, Bain bids ranged from $4.8 bln to $7.6 bln for Seven & i assets, sources say
Private equity firms including KKR and Bain Capital offered from around 750 billion yen ($4.8 billion) to around 1.2 trillion yen ($7.6 billion) in a first round of bidding for the non-core assets of Japan’s Seven...
China’s WuXi to sell Advanced Therapies unit amid US restrictions
China’s WuXi AppTec said on Tuesday its subsidiaries have signed a deal with U.S.-based private equity firm Altaris LLC for the sale of its cell and gene therapy manufacturing unit, WuXi Advanced Therapies, for an...
Adani Enterprises to acquire 85.8% stake in Air Works India for Rs 400 cr
Adani Enterprises announced that its wholly owned subsidiary, Adani Defence Systems and Technologies (ADSTL) has signed a share purchase agreement to acquire 85.8% shareholding in Air Works India (Engineering) (AWIEPL)...
Xerox to buy printer maker Lexmark from Chinese owners in $1.5 bln deal
Office equipment manufacturer Xerox has agreed to buy Chinese-owned printer and printing software maker Lexmark International in a $1.5 billion deal to expand its presence in Asian markets and better compete in an...
