The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power...
Poland’s PGE in preliminary agreement to buy assets from ZE PAK
Poland’s largest power producer PGE has struck a preliminary agreement to potentially buy gas-fired power plant project PAK CCGT from power plant operator ZE PAK, PGE said on Thursday. The preliminary deal also...
YouTuber MrBeast joins bid to acquire TikTok US amid 75-day deadline
YouTube and TikTok star MrBeast has joined a group of American investors seeking to buy TikTok’s US business, as the 75-day deadline ticks down for the social media platform to secure a non-Chinese owner or face a...
Unilever Is Smart to Spin Off Ben & Jerry’s and Magnum
Unilever Plc is cutting the fat — in every sense. Chief Executive Officer Hein Schumacher plans to spin off its ice-cream business, including the Magnum and Ben & Jerry’s brands, to focus on higher growth categories...
Shareholders of Australian apparel retailers Myer, Premier approve merger
Shareholders of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel brands with Myer, in a deal valued at A$864 million ($541.99 million). More than...
Bain matches CC Capital’s offer for Australia’s Insignia Financial at $1.92 bln
Insignia Financial’s shares hit a three-year high on Thursday, driven by a revised takeover offer of A$3.07 billion ($1.92 billion) from U.S.-based Bain Capital, matching the bid of rival CC Capital Partners and...
US car wash operator Spotless Brands explores sale, sources say
The owners of Spotless Brands are exploring a sale that could value the U.S. car wash operator at nearly $3 billion including debt, according to four sources familiar with the matter. The company is working with...
Saudi Arabia’s Elm to buy business services firm from PIF for $906 mln
Saudi Arabian digital security firm Elm Company said on Wednesday that it had agreed to acquire business services firm Thiqah from the kingdom’s Public Investment Fund (PIF) in a deal valued at 3.4 billion riyals...
VW plans to sell 15% of Traton shares in H1, manager magazin says
Germany’s Volkswagen plans to sell 15% of its shares in truck unit Traton in the first half of this year, hoping to raise about 2 billion euros ($2.09 billion), manager magazin reported on Wednesday, citing...
Consumer lender Ally Financial to sell credit card business to CardWorks
Consumer lender Ally Financial has agreed to sell its credit card business to credit and payments firm CardWorks, the companies said on Wednesday. Shares of Ally jumped 8.6% in premarket trading. The sale comes as Ally...
International Paper to win EU approval for $7.1 billion DS Smith deal
U.S.-based International Paper is set to get EU approval for its 5.8 billion pound ($7.12 billion) purchase of UK rival DS Smith after agreeing to sell assets to address competition concerns, people with direct...
French firm Roquette seeks CCI’s clearance for IFF Pharma’s biz acquisition
French plant-based ingredient producer Roquette Frres has sought fair trade regulator CCI’s approval for the proposed acquisition of the pharma solutions business and certain product lines of International Flavors...
