Russian supermarket chain Lenta on Monday said it had acquired Russia’s second-largest chain of pharmacy stores for an undisclosed sum, adding over 1,500 stores to Lenta’s portfolio and giving the company a...
EQT and GIC to acquire majority stake in Calisen from consortium of investors
Private equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years after the smart metering company was taken private by a consortium of...
China Mobile offers to buy Hong Kong’s HKBN in $882 mln deal
China Mobile said on Monday it had offered to acquire HKBN in a deal valuing the Hong Kong-based broadband company at HK$6.86 billion ($882 million), as it looks to counter a move from a private equity firm. Earlier, U...
Russia’s VTB to buy Zvezda shipbuilding yard from Rosneft
Russia’s second largest lender VTB will acquire the Zvezda shipbuilding yard from oil company Rosneft but the deal is still in its early stages, VTB CEO Andrei Kostin told Reuters. VTB is currently running...
Australian pension funds TelstraSuper, Equip Super to merge
Australian telecom major Telstra’s pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 billion), the funds said in a joint...
Italy denies report on decree to counter UniCredit’s takeover bid for BPM
The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit’s takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option. On Monday...
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal
Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China’s Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with...
Unilever CEO looking to sell food brands with $1 bln in sales, FD reports
Unilever is looking to sell several food brands that have combined sales of around 1 billion euros ($1.05 billion), Chief Executive Officer Hein Schumacher told Dutch financial daily FD in an interview published on...
Ipsos weighs binding offer to buy Kantar Media, sources say
French market research group Ipsos is preparing a binding offer to buy the TV ratings data business from market research group Kantar, two people with knowledge of the matter told Reuters. Ipsos, with headquarters in...
Canada’s ABC Technologies to buy British firm TI Fluid for $1.32 bln
Automotive components supplier TI Fluid has agreed to a 1.04 billion pound ($1.32 billion) takeover by Canada’s ABC Technologies, expanding the combined group’s reach across the Americas, Europe, and Asia...
Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two companies said on Friday. The assets include Repsol’s oil extraction operation in...
Telefonica’s sale of Peruvian fibre network falls through
Telefonica’s sale of stakes in its fibre optic network in Peru to private equity fund KKR and Chilean telecom firm Entel announced in July 2023 fell through, Entel said in a filing to the regulator on Thursday...
