Schneider Electric said on Wednesday that its talks with U.S. engineering software maker Bentley Systems regarding a potential “strategic transaction” have ended. “Those discussions are now mutually...
Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
Thyssenkrupp on Thursday said its supervisory board approved a planned sale of 20% of the conglomerate’s steel division to Czech billionaire Daniel Kretinsky in the face of continued opposition from labour...
BHP will not relent on structure, value of $49 bln Anglo offer, say sources
BHP will stand firm on the structure and value of its latest takeover proposal for Anglo American, focusing instead on allaying its target’s concerns around execution risks over the coming week, sources said on...
CVC Advisers, ADIA considering possible offer for Hargreaves Lansdown
A consortium comprising CVC Advisers and the Abu Dhabi Investment Authority on Wednesday said it was considering a possible revised offer for Hargreaves Lansdown after the British investment platform’s board...
Lagardere says it is closing in on sale of Paris Match magazine to LVMH
French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH, on an enterprise value price tag of 120 million euros ($130...
ADNOC to sell about 5.5% additional stake in drilling unit
Abu Dhabi National Oil Company plans to sell a roughly 5.5% stake in its drilling unit, more than two years after it raised $1.1 billion from an initial public offering of part of the business, it said on Wednesday...
Blank-check firm Admiral to buy North America’s Acuren in $1.85 bln deal
Admiral Acquisition will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal, the blank-check company co-founded by dealmaker Martin E. Franklin said on Wednesday. The deal...
Swisscom gets first go ahead from Rome for Vodafone Italia acquisition
Swisscom has secured an initial go-ahead from Italy’s government for its planned acquisition of Vodafone Italia, the Swiss telecoms company and a source close to the matter said on Tuesday. So-called “golden...
Criteria to raise stake in Telefonica to 10%, El Confidencial says
Spanish holding company Criteria plans to raise its stake in Telefonica to 10%, matching the government’s recently acquired stake in the telecoms company, news website El Confidencial reported on Tuesday, citing...
Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi
First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion, according to three sources close to the matter...
Kretinsky weighs changes to Atos bid to win over creditors, source says
Czech billionaire Daniel Kretinsky is looking at options to try to persuade creditors to side with him in the battle for Atos, a source close to the matter said, as the distressed IT firm seeks a debt restructuring plan...
Spain concludes purchase of 10% stake in Telefonica
The Spanish government has acquired the 10% stake in telecoms group Telefonica it had set out to buy in December to counterbalance the acquisition of a similar stake by Saudi Arabia’s STC, the state holding...
