KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its...
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
Apollo Pipes announced that it has made an additional investment by acquiring a 0.50% equity stake in its subsidiary, Kisan Mouldings (KML), through a secondary purchase. Kisan Mouldings, a subsidiary of the company, is...
CICC to merge with Galaxy Securities to form China’s No.3 brokerage, say sources
State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country’s third-largest brokerage with $193 billion in assets...
Baidu buys JOYY’s China live-streaming unit for $2.1 billion in digital video push
Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video...
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion
Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about $4.1 billion, sending the latter’s shares up around 9%. The deal...
AkzoNobel N.V. to acquire Indian arm’s powder coatings business
Akzo Nobel India announced that its board of directors has accepted a binding offer from AkzoNobel N.V. to acquire the company’s powder coatings business and International Research Centre (R&D) for Rs 2,073...
Prosus to buy Just Eat to create a European food delivery ‘champion’
Dutch technology investor Prosus has agreed to buy Just Eat Takewaway.com for 4.1 billion euros ($4.3 billion) to create a “European tech champion” of food delivery, it said on Monday. Prosus’ move...
UK’s Wood Group renews takeover talks with Dubai’s Sidara
Britain’s struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago, both parties said...
Bain Capital offers to buy London-listed defence firm Chemring, Sky News reports
U.S. private equity firm Bain Capital has tabled a 1.1-billion-pound ($1.39 billion) proposal to buy Chemring Group, Sky News reported on Monday, sending shares of the London-listed defence contractor up more than 16%...
Indorama Netherlands set to acquire minority stake in EPL
Blackstone (NYSE: BX) today announced that private equity funds managed by Blackstone have entered into a definitive agreement with Indorama Netherlands, B.V. (INBV or Investor), a group entity of Indorama Ventures...
Olam to sell 44.6% stake in agribusiness to Saudi Arabia for $1.8 billion, shares jump
Singapore-based Olam Group on Monday said it will sell a 44.58% stake in its agricultural products business Olam Agri for $1.78 billion to state-owned Saudi Agricultural and Livestock Investment Company (SALIC). Shares...
Trump says he is considering merging US Postal Service with Commerce Department
President Donald Trump said on Friday he was considering merging the U.S. Postal Service with the U.S. Commerce Department, a move Democrats said would violate federal law. “We’re thinking about doing that...
