There are enough potential buyers of Deutsche Bahn’s British-based bus operator Arriva, its chief executive told German daily Tagesspiegel on Monday. “Fortunately, there are enough interested parties. We will see...
Czech EPH buys Germany’s LOCON rail freight company
EP Logistics International has agreed to acquire 100% stake in Germany’s transport company LOCON Logistik & Consulting, the Czech firm said on Friday. EP Logistics, a wholly-owned subsidiary of Energeticky a...
Uber nears investment deal for self-driving car unit: WSJ
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people...
Dunzo set to raise Rs 80 crore from Google, others in fresh funding
Alphabet’s Google, along with investors such as Alteria Capital, Blume Ventures, and Greyhound Capital (a new investor), are investing Rs 80 crore in delivery start-up Dunzo. The proceeds are expected to help the firm...
Adani Logistics to acquire Innovative B2B Logistics Solutions for Rs 331.5 crore
Adani Logistics Limited (ALL) Thursday said it would acquire up to 100 per cent stake in Innovative B2B Logistics Solutions, an entity controlled by private equity firm True North, for Rs 331.5 crore. The transaction...
$3.1 billion Uber-Careem deal to be announced this week
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride...
Grab eyes more funding, after raising $4.5 billion in SE Asia’s largest round
Grab Inc. is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing...
Uber in advanced talks to buy Middle East rival Careem: Bloomberg
Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter. The companies may announce a cash-and-stock...
Britain’s FirstGroup selling one of its largest regional bus divisions: Telegraph
British transport group FirstGroup Plc is selling one of its largest regional bus divisions, the Telegraph newspaper reported on Monday. The company’s operations in Manchester will be sold in a cut-price deal, the...
DP World signs acquisition agreement for Chile port operator
Major port operator DP World DPW.DI said on Sunday it had agreed to acquire a 71.3 percent stake in Chile’s Puertos y Logistica (Pulogsa) (PUE.SN) from Minera Valparaiso and other shareholders associated with the Matte...
ZipGo buys Supreme Trans Concepts to expand in Mumbai
Bus aggregator ZipGo Technologies Pvt. Ltd has acquired Supreme Trans Concepts Pvt. Ltd to expand its services in Mumbai and enter the Pune market. Prashant Mohite, chief executive officer (CEO) of Supreme Trans...
Medical transport company Providence Service explores sale: sources
Providence Service Corp, the largest provider of non-emergency medical transportation services in the United States, is exploring a sale after attracting interest from private equity firms, three people familiar with...
