The Competition Commission of India (CCI) on Tuesday said it has cleared Ramon Investments Pte’s, an arm of Temasek Holdings, a proposal to acquire a stake in Speed JVco. Singapore-headquartered Temasek is an...
Pan Brothers Closes In on $537 Million Debt Restructuring
Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after seven months of negotiation with creditors, according to people familiar with the matter, as it works to avoid becoming the second...
Bain Capital in talks to buy Little Caesars operator Sizzling Platter, sources say
Private equity firm Bain Capital is in talks to acquire Sizzling Platter, which operates restaurant franchises such as Little Caesars and Jersey Mike’s, for more than $1 billion, including debt, people familiar...
Finance ministry following a calibrated disinvestment strategy
The finance ministry on Monday said it’s following a “calibrated disinvestment strategy” through the listing of central public sector enterprises (CPSEs) as well as gradual dilution of minority stakes via the stock...
Phillips 66 to sell stake in Texas pipeline for $865 mln
Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset...
UK approves Daniel Kretinsky’s $6.7 billion bid for Royal Mail parent, FT reports
The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday...
Reliance Industries acquires 74% stake in Navi Mumbai IIA for Rs 1,628 crore
Reliance Industries Limited (RIL) on Friday announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL’s Board of Directors on...
ICICI Bank may sell 19% in IMSPL to First Data for up to Rs 190 crore
ICICI Bank, India’s second largest private lender, Friday said it may realise ₹160-190 crore from the sale of a 19% stake in ICICI Merchant Services to Netherlands-based First Data Holdings 1 (Netherlands) BV...
Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bln deal, sources say
Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3...
Argentina to sell stake in majority state-owned power transport firm
Argentina will put up for sale its entire 51% stake in majority state-owned power transport firm Transener in the coming days, energy and mining government coordination secretary Daniel Gonzalez said on Friday...
Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion
Blackstone Inc. is buying a mixed-use complex in Tokyo from Seibu Holdings Inc. in the largest-ever real estate acquisition by foreign fund in Japan. The world’s largest alternative asset manager will purchase Tokyo...
CRISIL hits record high after board nod to acquire minority stake in OPL
CRISIL advanced 1.52% to Rs 5609.35 after the company’s board approved the acquisition of 4.08% stake in Online PSB Loans (OPL) for Rs 33.25 crore on fully diluted basis. OPL is a pioneer in the digital MSME...
