Carlyle Group is looking to invest $1.5-2 billion to buy a stake in Reliance Retail Ventures Ltd (RRVL), said two people aware of the development, joining a string of marquee investors that are keen on buying stakes in...
Reliance may use stake sales to help fund growth plan
Reliance Industries Ltd (RIL), which has raised more than ₹2.2 trillion through stake sales, is likely to go on a shopping spree as the coronavirus pandemic has clouded the prospects of cash-strapped businesses, making...
Czech, Slovak investors make offer to raise stake in German wholesaler Metro
EP Global Commerce, an acquisition vehicle owned by Czech and Slovak investors, is launching a takeover offer for shares in German wholesaler Metro with the aim of raising its investment in the company above 30%, it...
Reliance terms reports of stake sale to Amazon speculative
Reliance Industries Ltd reportedly has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, Inc, a report the company said was speculative. Bloomberg News citing a source reported that...
Stake sale in retail arm will help Reliance to pursue growth initiatives, solidify its position: Analysts
Reliance Industries’ stake sale in its retail arm will enable the company to pursue other growth initiatives while maintaining zero net debt status and also help solidify its position in the market, global rating...
Reliance approaches digital unit backers to invest in retail arm: sources
India’s Reliance Industries Ltd has approached investors in its digital business about potentially buying stakes in its retail arm, two sources with direct knowledge of the matter said on Thursday. The oil-to...
KKR in advanced talks to invest $1 billion for stake in Reliance Retail
KKR & Co. is in advanced talks to invest at least $1 billion in the retail business of Indian billionaire Mukesh Ambani, according to people familiar with the matter, in what could be another U.S. investment in the...
Brazil’s GPA considers spinning off Assai wholesale unit
Brazilian food retailer GPA is considering spinning off its Assai wholesale unit via an initial public offering, it said in a securities filing on Wednesday. The new company would be listed on the Novo Mercado segment...
J.C. Penney reaches tentative rescue deal, averting liquidation
J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation...
American private equity firm Silver Lake invests Rs 7,500 crore in Reliance Retail for 1.75% stake
Reliance on Tuesday announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Ltd (RRVL) for 1.75% stake. This investment values the retail business of Reliance at Rs 4.21 lakh...
IKEA’s shopping centers arm buys San Francisco mall in its first US real estate deal
IKEA’s shopping centers business has made its first U.S real estate acquisition, buying the 6X6 mall in San Francisco, after telling Reuters in May it was engaged in several negotiations for inner-city acquisitions in...
Reliance Retail in talks with Silver Lake to sell 1.8% stake for Rs 7,500 crore
Reliance Retail is in advanced negotiation with American private equity investor Silver Lake to sell 1.7-1.8% stake in the entity for about Rs 7500 crore, in what could be the first such deal in the Mukesh Ambani owned...
