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...
Cybersecurity company CyberArk to acquire Venafi in $1.5 bln deal
CyberArk said on Monday it will acquire cybersecurity firm Venafi from private equity firm Thoma Bravo in a deal valued at around $1.54 billion. The Israel-based information security services provider will acquire...
Soroban Capital builds stake in Johnson Controls alongside Elliott, Bloomberg News reports
Soroban Capital Partners has built a stake in industrial firm Johnson Controls International in the wake of pressure from Elliott Investment Management, Bloomberg News reported, citing people with knowledge of the...
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and...
Regional lender SouthState to buy Texas-based Independent Bank for about $2 bln
Regional lender SouthState Corp will buy Texas-based smaller rival Independent Bank Group for about $2 billion, the companies said on Monday, creating a combined entity with $65 billion in total assets. The all-stock...
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal
Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would...
Thoma Bravo explores sale of Instructure, sources say
Private equity firm Thoma Bravo is exploring a sale of Instructure, a U.S. education software provider with a market value of $3 billion, people familiar with the matter said on Friday. Thoma Bravo, which holds an 83%...
Yandex parent company says first phase of Russia divestment deal is complete
The Dutch parent of tech group Yandex said on Friday it had successfully completed the first phase of a $5.2 billion deal to sell the company, often dubbed “Russia’s Google”, to a consortium of Russian...
