An arm of Dutch investment firm Prosus has sought the approval of the Competition Commission of India (CCI) to acquire an additional stake in ride-hailing and delivery services startup Rapido. In a filing with the...
Indonesia government backs planned merger of Grab and GoTo, sources say
The Indonesian government fully backs a possible merger between ride-hailing and food delivery firm GoTo and Singapore-based rival Grab after initially opposing a deal, two sources with knowledge of the matter said on...
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement with Serentica Renewables includes a...
What hurdles lie ahead for any US-China TikTok deal?
Questions and potential hurdles surround a framework agreement announced on Monday between the U.S. and China that would switch short-video app TikTok to U.S.-controlled ownership, including whether any deal will comply...
Company Deals Are About Simplification Now
Some senior dealmakers would say that there are almost no new ideas in M&A. The same combinations get explored, discussed and inked before they’re broken up again. That’s the cycle of deals. The bulk-up then breakup...
Swiggy to re-evaluate Rapido stake citing potential conflict of interest
On-demand convenience firm Swiggy on Thursday said it will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest in the future as the mobility venture recently entered the...
UK’s Compass strikes its biggest-ever deal with $1.8 bln Vermaat acquisition
Food catering firm Compass has agreed to buy European premium food services business Vermaat Groep for about 1.5 billion euros ($1.75 billion) including debt, it said on Tuesday, marking its largest-ever deal. Compass...
L’Oreal to buy majority stake in British skincare brand Medik8
L’Oreal (OREP.PA) has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant’s position in the fast-growing dermatological skincare market. Neither...
L&T Finance completes acquisition of Paul Merchants Finance’s gold loan business
L&T Finance Ltd. (LTF), on Monday, announced the completion of transfer of gold loan business of Paul Merchants Finance Private Ltd. (PMFL), a wholly owned subsidiary of Paul Merchants Ltd., to LTF. LTF is one of...
ITC bets on buyouts to grow food business
After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer...
Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced...
IndiGrid to acquire transmission, solar assets for Rs 2,100 cr
IndiGrid on Saturday said it will acquire ReNew Solar Aayan, a 300 MW (AC) solar project, and Koppal Narendra Transmission in two separate transactions for about Rs 2,108 crore. Inclusive of the adjustments, the...
