DLocal, a Latin American payments provider with a market value of about $3.6 billion, is exploring options including a potential sale, people familiar with the matter told Reuters on Wednesday. Montevideo, Uruguay-based...
Nigeria approves Shell’s $2.4 billion asset sale to Renaissance
Shell has received approval from Nigeria’s oil minister for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group, Renaissance said in a statement on Wednesday. The approval marks the...
Dealmakers eye $4 trillion-plus M&A haul in 2025
Top dealmakers expect global mergers and acquisitions (M&A)volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump’s promise of less regulation, lower...
Volkswagen takes 9.9% stake in lithium developer Patriot Battery Metals for C$69 mln
Patriot Battery Metals said on Wednesday automotive giant Volkswagen has invested approximately C$69 million ($48.18 million) for a 9.9% stake in the Canadian lithium developer. The German automaker paid C$4.42 per...
Orsted divests 50% stake in three US onshore projects for $572 mln
Denmark’s Orsted said on Wednesday it would divest a 50% equity stake in three U.S. onshore projects to Energy Capital Partners for $572 million. The farm-downs include two solar farms in Texas, knpwn as...
Nissan, Honda consider merger to take on world’s biggest carmaker Toyota
Honda Motor Co. and Nissan Motor Co. are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp. in Japan and better position the combined...
Temasek’s arm Ramon gets CCI’s approval to acquire stake in Speed JVco
The Competition Commission of India (CCI) on Tuesday said it has cleared Ramon Investments Pte’s, an arm of Temasek Holdings, a proposal to acquire a stake in Speed JVco. Singapore-headquartered Temasek is an...
Pan Brothers Closes In on $537 Million Debt Restructuring
Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after seven months of negotiation with creditors, according to people familiar with the matter, as it works to avoid becoming the second...
Japanese M&A interest makes a strong comeback in 2024
Top Japanese conglomerates and investment firms are ploughing money into India, putting unsavoury episodes of the past behind them. While Japan’s SoftBank has been investing in Indian startups for years, the...
Russia sells stakes in some Kazakh uranium deposits to China
Kazakhstan’s nuclear resources company Kazatomprom said on Tuesday that Russia’s Rosatom was selling its stakes in some uranium deposits which the two groups had been developing together to Chinese-owned...
Bain Capital in talks to buy Little Caesars operator Sizzling Platter, sources say
Private equity firm Bain Capital is in talks to acquire Sizzling Platter, which operates restaurant franchises such as Little Caesars and Jersey Mike’s, for more than $1 billion, including debt, people familiar...
Kosmos Energy walks away from Tullow Oil acquisition
U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, prompting a 10% drop in Tullow’s shares. Kosmos’...
