Italian tycoon Francesco Gaetano Caltagirone has increased its stake in Banca Monte dei Paschi (MPS) to 8%, Italian daily La Stampa reported on Thursday on its website. Caltagirone and MPS both declined to comment...
Swiss real estate firms Ina Invest and Cham Group agree to merge
Swiss real estate firm Ina Invest and its peer Cham group have signed a merger agreement, Ina said on Friday. The merger will create one of Switzerland’s top 10 listed real estate companies, with a combined...
Agnellis cut Ferrari stake to raise 3 billion euros for new deals
Italy’s Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its holding company Exor said on Thursday. The sale will...
Australia’s Ramsay Health Care mulls potential sale of European arm
Ramsay Health Care has appointed Goldman Sachs to look at strategic options for its stake in its European division following an internal review, the Australian private hospital operator said on Thursday, hinting at a...
Paloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 billion
Fair trade regulator CCI has approved Paloma Rheem Holdings’ proposal to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion. Fujitsu General specialises in air conditioning solutions for...
Sandoz Family to Sell $2.9 Billion Stake in Novartis
Novartis AG’s Sandoz family is poised to sell a roughly 1.2% stake in the Swiss pharmaceutical group. The Sandoz Family Foundation, through the vehicle Emasan AG, is offering 26.5 million shares via an accelerated...
US payments firm Cantaloupe exploring options including sale, sources say
Cantaloupe is exploring strategic options, including a potential sale or a go-private transaction, four people familiar with the matter said, the latest specialized U.S. payments processor to consider such a move...
Russian banker Kim boosts car leasing, finance portfolio with VW bank buy
Russian banker Igor Kim has acquired Volkswagen Bank Rus, the German automaker’s former finance arm in Russia, federal tax documents showed, adding to the businessman’s growing portfolio that includes...
Japan Post planning $4 billion sale of shares in Japan Post Bank, sources say
Japan Post Holdings is planning to sell shares in Japan Post Bank which could total some 600 billion yen ($4.02 billion), two sources familiar with the matter said, in the latest loosening of ties between the businesses...
EU approves $2.3 billion takeover of Infinera by Nokia
The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised...
Copenhagen Infrastructure Partners to buy Morecambe wind project
Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday. The 480-megawatt fixed-bottom offshore wind project...
KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say
KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its...
