Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter told Reuters on Wednesday...
Australia’s Aware Super buys stake in European fibre platform to tap AI boom
Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom. It...
Germany, state gov’t likely to take 80% stake in shipbuilder, say sources
The German government and state of Lower Saxony are likely to acquire about 80% of Meyer Werft to secure the future of the company, one of the world’s largest cruise shipbuilders, two sources familiar with the...
SK Innovation shareholders approve merger seen shoring up loss-making battery unit
South Korea’s SK Innovation, parent of the country’s largest oil refiner and battery maker SK On, said on Tuesday that shareholders had approved a merger with energy affiliate SK E&S as part of a major...
Trintech’s owners explore $2 billion sale of financial software maker, sources say
Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at about $2 billion, including debt, according to people...
China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit, say sources
China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core business after a bruising...
Warburg Pincus-Lendlease venture buys Singapore property assets for $1.2 billion
Warburg Pincus and Australian real estate group Lendlease said on Tuesday their joint venture has acquired property assets in Singapore for S$1.6 billion ($1.2 billion). The portfolio is comprised of business parks and...
Belgium’s UCB to sell China neurology, allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday it would sell its Chinese neurology and allergy business to Singapore-based asset management group CBC and Abu Dhabi sovereign investor Mubadala for $680 million...
Novartis receives binding offer from Siemens Healthineers for molecular imaging business
Swiss drugmaker Novartis said on Saturday it had received a binding offer from Germany’s Siemens Healthineers to acquire its molecular imaging business for Fluorine-18 positron emission tomography, or PET scans...
Taiwan’s CTBC raises bid size for Shin Kong to 51% stake
Taiwanese conglomerate CTBC Financial late on Friday raised its bid for Shin Kong to a 51% stake of the company, challenging an existing plan for its smaller rival to merge with Taishin. Updating a previous announcement...
Final bids value Deutsche Bahn’s Schenker at around 14 bln euros, sources say
Deutsche Bahn’s logistics unit Schenker has received final bids from Danish transport firm DSV and a consortium led by CVC Capital Partners, with each valuing the business at around 14 billion euros ($15.6...
Taiwan’s CTBC raises bid size for Shin Kong to 51% stake
Taiwanese conglomerate CTBC Financial late on Friday raised its bid for Shin Kong to a 51% stake of the company, challenging an existing plan for its smaller rival to merge with Taishin. Updating a previous announcement...
