Russia’s largest mobile operator MTS said on Monday it plans to buy back 26.3 million blocked shares from foreign shareholders for 2.5 billion roubles ($29.44 million) as part of a tender offer. MTS’ offer...
KKR seeks $20 billion for new North America buyout fund
KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of similar size...
Packaging firm Sonoco Products to buy Eviosys in $3.9 bln deal
Sonoco Products said on Monday it would buy European food cans maker Eviosys from private equity group KPS Capital Partners in a $3.9 billion deal, to expand its metal and aerosol packaging business. The U.S. packaging...
German Allianz to invest in China’s mega pension company with 2% stake
Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension. AGI was allowed to...
Germany’s Aareal to reap $2.1 bln gain in sale of Aareon to TPG consortium
German property lender Aareal Bank will book a gain of around 2 billion euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm TPG and investor CDPQ, it said in announcing the deal on Monday...
PepsiCo to waive clause in bottling deal as Carlsberg eyes $3.9 bln Britvic bid
Carlsberg said on Monday that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected. The...
UPS announces sale of Coyote Logistics unit to RXO for $1 billion
United Parcel Service, the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday. The transaction will be funded with a mix of...
Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites
British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group for an undisclosed sum, it said on Monday. THG and Frasers have also agreed on a partnership...
RedBird IMI opens bids for its sale of UK’s Telegraph newspaper
Abu Dhabi-backed RedBird IMI said on Friday it had opened bids for its sale of the Telegraph and Spectator, having reversed its decision to acquire the right-leaning newspaper group after the government intervened...
AmEx to buy restaurant booking platform Tock for $400 mln
American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for $100 billion in spending on its cards last year...
OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday. The companies did not disclose the deal...
ABN Amro nears deal to buy HSBC’s German private bank, Boersenzeitung says
Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC’s wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its...
