Enam Holdings promoters Akash Bhansali and his family members, along with their investor partners, will buy a 40% stake in leading co-working firm WeWork India for ₹1,200 crore in a secondary share sale, two people...
Grab-GoTo merger would be an all-round win
Grab and GoTo ought to merge. A union of the Singaporean and Indonesian food delivery-to-ride-hailing companies, currently valued at $18 billion, is “inevitable”, Macquarie’s sales team told its...
Xcelerate acquires stakeholder communications consultancy Stirrup Communication
Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India’s leading stakeholder communications consultancy, for an undisclosed amount...
Italy could raise 4.4 bln euros by selling 29% stake in Poste
The planned sale of the Italian government’s stake in postal service Poste Italiane could be worth around 4.4 billion euros ($4.76 billion), Economy Minister Giancarlo Giorgetti said on Wednesday. The Treasury...
Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
German food delivery company Delivery Hero said that the ongoing talks for the potential sale of its foodpanda business in selected markets in Southeast Asia have been terminated. The parties could not reach final...
Flipkart in talks to potentially acquire Reliance-backed startup Dunzo
Indian e-commerce giant Flipkart has engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail. However, complexities surrounding...
Ride-hailing firm GoTo denies discussions of merger with Grab
Indonesia’s GoTo, one of Southeast Asia’s biggest ride-hailing companies, said on Tuesday that it was not in any discussion with Grab Holdings about a potential merger. Media reports previously said both...
Advent looks at options for UK parcel delivery firm Evri – sources
Private equity group Advent International is considering options, including a potential sale, for its British parcel delivery service Evri, two sources familiar with the matter said. Advent holds a 75% stake in Evri and...
Italy moves ahead on Poste stake sale in revenue hunt
Italy has approved a decree to sell a stake in postal service Poste Italiane as the government works to raise cash to bolster public finances, Prime Minister Giorgia Meloni’s office said. Debt-laden Italy has...
Italy plans to sell up to 13% stake in Poste Italiane – ministry
Italy plans to sell a stake of up to 13% in postal service group Poste Italiane, its industry ministry told parliament on Tuesday. The stake sale is part of government plans to raise roughly 20 billion euros ($21.67...
Compass buys caterer CH&CO for $600 mln in its biggest European deal to date
British catering company Compass Group agreed to buy rival CH&CO in a deal valuing the Royal Opera House caterer at 475 million pounds ($603.73 million), including debt, marking its biggest acquisition in Europe to...
Grupo Mexico buys 60% of two companies involved in US-Mexico trade
A Grupo Mexico Transportes unit has acquired 60% stakes in two firms providing maritime transportation services of railroad cars between the United States and Mexico, the company said. The stakes are in Golfo de Mexico...
