California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp. The transaction does not...
Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit
Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an...
Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, source says
Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s U.S. natural gas assets, according to a person familiar with the matter. ADNOC has done...
Eni pockets 3.6 bln euros from stake sales in biofuel unit to KKR
Italian energy group Eni said on Friday it completed the sale of an additional 5% stake in Enilive to U.S. fund KKR, bringing the total proceeds from the disposal of two minority stakes in its biofuel unit to 3.6...
Prada buys rival Versace for $1.38 billion to create Italian fashion powerhouse
Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion. Prada is seeking to...
Singapore’s SC Capital in talks to buy British data centre group Global Switch, sources say
Singapore-headquartered real estate investment manager SC Capital Partners has emerged as a potential bidder for British data centre group Global Switch, two people familiar with the matter told Reuters. The firm...
Mubadala Energy takes stake in Kimmeridge gas, LNG projects in US
Mubadala Energy, an arm of one of Abu Dhabi’s sovereign wealth funds, signed a deal on Thursday with energy investor Kimmeridge that will give it stakes in gas assets in the United States, marking its entry into...
UAE renewable energy firm Masdar completes purchase of Greece’s Terna Energy
United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy, after buying a majority stake last year, a further step in its international expansion...
DSV gains EU green light for $15.8 billion Schenker deal
Danish logistics company DSV has secured EU antitrust approval for its 14.3 billion euro ($15.8 billion) acquisition of German rival Schenker, the European Commission said on Wednesday. DSV announced the deal for the...
UK’s Assura agrees to $2.06 billion takeover by KKR-Stonepeak
British medical property owner REIT Assura has agreed to a 1.61-billion-pound ($2.06 billion) takeover bid from KKR and Stonepeak Partners, after rejecting a lower cash-and-stock proposal from peer Primary Health...
Thyssenkrupp explores exit options for materials trading unit, Bloomberg News reports
Germany’s ThyssenKrupp AG is exploring exit options for its materials trading subsidiary that could be valued at as much as 2 billion euros ($2.21 billion), Bloomberg News reported on Wednesday, citing people...
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion
Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company. This is the second billion-dollar-plus deal involving a...
