Piraeus Financial, one of Greece’s four largest banks, said on Thursday that is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance. Piraeus CEO Christos Megalou told journalists...
KKR sweetens offer for Fuji Soft as bidding war with Bain goes another round
U.S. private equity firm KKR has sweetened its offer for Japan’s Fuji Soft by 4%, the latest salvo in its protracted and messy bidding war with Bain Capital for the $4 billion IT firm. The saga underscores an...
Canada’s BCI to buy BBGI infrastructure fund in $1.32 billion deal
Canada’s BCI, one of the country’s largest asset managers, will buy BBGI Global Infrastructure S.A. in a deal valuing the Luxembourg-based investment firm at 1.06 billion pounds ($1.32 billion), the...
Alstom to sell German plant to defence equipment maker KNDS
French train maker Alstom has agreed to sell its Görlitz plant in Germany to defence equipment maker KNDS, the companies said on Wednesday. KNDS will start using the plant this year to produce assemblies for the Leopard...
AMD’s $4.9 bln ZT Systems deal faces EU antitrust decision by March 12
European Union antitrust regulators will decide by March 12 whether to clear U.S. chipmaker AMD’s $4.9 billion bid for server maker ZT Systems, a European Commission filing showed on Wednesday. AMD announced the...
Nissan may call off merger talks with Honda, source says
Japan’s Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan’s board members were due to meet in the near future to decide a course of action...
Grab and GoTo in advanced merger talks, sources say
Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, two sources familiar with the matter told...
Dassault Systemes says Volkswagen selects its 3DEXPERIENCE platform
Dassault Systemes on Tuesday announced a long-term partnership with Volkswagen to accelerate the German automaker’s transition towards vehicles that rely heavily on software to control and optimise key functions...
De La Rue begins formal sale process after interest from Edi Truell’s consortium, others
UK banknote printer De La Rue said on Tuesday it had commenced a formal sale process after it received preliminary takeover approaches from parties other than a consortium of British financier Edi Truell’s...
L’Oreal to sell $3.1 billion stake in Sanofi back to pharma group
L’Oreal will sell part of its stake in Sanofi back to the French pharmaceutical company for 3 billion euros ($3.11 billion), bolstering its balance sheet while the beauty industry is undergoing a slowdown. The deal will...
ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
Dutch lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive told Reuters, potentially joining a wave of takeovers sweeping the region’s...
De Beers, Botswana finalise talks on diamonds deal
De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for its joint venture there to 2054, the Anglo American unit said on Monday. “The signing...
