Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bln deal, sources say
Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy is in early talks for an all-share acquisition of Tullow Oil that would create a West Africa-focused producer. The merger of the two heavily indebted firms would be the latest in a...
Argentina to sell stake in majority state-owned power transport firm
Argentina will put up for sale its entire 51% stake in majority state-owned power transport firm Transener in the coming days, energy and mining government coordination secretary Daniel Gonzalez said on Friday...
Ferrovial closes sale of 19.75% stake in Heathrow Airport for 2 bln euros
Spanish construction giant Ferrovial said on Thursday it closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.10 billion) to French investment firm Ardian and Saudi Arabia’s...
Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion
Blackstone Inc. is buying a mixed-use complex in Tokyo from Seibu Holdings Inc. in the largest-ever real estate acquisition by foreign fund in Japan. The world’s largest alternative asset manager will purchase Tokyo...
CRISIL hits record high after board nod to acquire minority stake in OPL
CRISIL advanced 1.52% to Rs 5609.35 after the company’s board approved the acquisition of 4.08% stake in Online PSB Loans (OPL) for Rs 33.25 crore on fully diluted basis. OPL is a pioneer in the digital MSME...
Australia’s Insignia Financial gets $1.7 billion takeover offer from Bain Capital; shares rise
Australia’s Insignia Financial said on Friday it has received a non-binding takeover all-cash proposal from private equity Bain Capital, valuing the 178-year-old wealth manager at A$2.67 billion ($1.70 billion)...
Kosmos Energy in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy said on Thursday it was in early talks for an all-share acquisition of West Africa-focused Tullow Oil. Earlier in the day, Tullow addressed, recent media speculation by announcing...
UK’s De La Rue in talks over stake sale valuing it at $311 million
Banknote maker De La Rue said on Thursday it is in talks with a consortium for a sale of up to 40% of its equity that would value the British company at about 245 million pounds ($310.6 million). The latest proposal of...
Nippon Life to buy Resolution in $8.2 billion deal as it pursues US growth
Nippon Life Insurance plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion – an all-cash deal that gives Japan’s biggest insurer a firmer footing in the U...
