Italy’s Atlantia has agreed to give a consortium led by state lender Cassa Depositi e Prestiti (CDP) until the end of January to complete due diligence on its Italian motorway assets ahead of a possible final bid. CDP...
Portugal expects to send TAP restructuring plan to Brussels in November
A restructuring plan for Portugal’s flag carrier TAP will be sent to the European Commission in November, the secretary of state for the Treasury said on Tuesday, which if approved will buy the airline time to repay a...
Space startup Momentus to go public at $1.2 billion valuation via blank-check merger
Space transportation company Momentus Inc said on Wednesday it will go public through a merger with blank-check firm Stable Road Acquisition Corp in a deal valued at $1.2 billion including debt. As part of the deal...
Japan’s Hitachi Transport says to scrap tie-up with SG Holdings
Japan’s Hitachi Transport System on Thursday said it and delivery firm SG Holdings had decided to scrap a four-year-old capital tie-up, citing the need for greater flexibility in the coronavirus era. The two...
Atlantia to discuss motorways demerger on Thursday – sources
Atlantia will hold a board meeting on Thursday to discuss splitting off its motorway assets from the group, two sources close with the matter said, as it presses ahead with a plan to part ways with its Autostrade per...
China’s ZTO Express seeks to raise up to $1.55 billion in Hong Kong listing
Chinese delivery group ZTO Express aims to raise up to $1.55 billion in the Hong Kong Stock Exchange, according to the company’s filings, the latest in a series of secondary listings to be carried out in the city...
Atlantia picks Partners Group for talks on Telepass sale
Italy’s Atlantia said on Friday it had picked private equity firm Partners Group to start exclusive talks for the sale of a 49% stake in its toll-road payment business Telepass. In a statement confirming what sources...
Rail merger of 8 cadres into IRMS likely to be completed by November this year
The merger of eight major cadres of the Indian Railways into one single service — the Indian Railway Management Service (IRMS) — is likely to be completed by November this year, officials said Thursday...
UK clears Amazon’s investment in online food platform Deliveroo
Britain’s competition regulator on Tuesday cleared Amazon’s purchase of a 16% stake in online delivery group Deliveroo, following a provisional nod in June. The Competition and Markets Authority (CMA) gave its original...
CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone
Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd. The proposed transaction involves acquisition of equity...
Titagarh Wagons enters into strategic alliance with ABB India
Titagarh Wagons, which has transformed itself from a wagon maker for Indian Railways to a multinational diversified engineering and fabrication group, has entered into an exclusive cooperation agreement with engineering...
Shriram Transport jumps 6% after T. Rowe Price hikes stake in company
Shares of Shriram Transport Finance Company (STFC) rose 6.4% after US-based global investment management firm T Rowe Price raised its stake in the company to 5.36% from 4.77% earlier. At 0130pm, Shriram Transport traded...
