ABB has agreed to buy the wiring accessories business of German rival Siemens in China, the Swiss engineering group said on Friday. The acquisition will broaden ABB’s market reach and complement its regional...
GSK intends to sell its remaining stake in Haleon
British drugmaker GSK said it plans to sell about 385 million shares, representing its entire shareholding, in spun-off consumer healthcare business Haleon. The latest offload will mark the fourth set of disposal GSK...
Waste manager WM explores $3 billion sale of renewable natural gas unit, sources say
Waste management firm WM is exploring a sale of its renewable natural gas business that could be worth about $3 billion, according to people familiar with the matter. The Houston-based company is working with JPMorgan...
Grid operator TenneT could sell or list German assets
Dutch electricity grid operator TenneT will consider listing its German operations or selling them to a third party, it said on Thursday, as talks between The Hague and Berlin have so far failed to agree a sale to the...
Crescent Energy expands Texas shale ops with $2.1 billion SilverBow buy
Oil and gas producer Crescent Energy has agreed to buy rival SilverBow Resources for $2.1 billion, a deal which would create the second-largest operator in the Eagle Ford basin in south Texas. The agreement comes as...
Johnson & Johnson to acquire Proteologix for $850 million
Johnson & Johnson said on Thursday it would acquire Proteologix for $850 million in cash, as it looks to gain access to the privately held company’s experimental atopic dermatitis treatments...
AIG to sell 20% stake in Corebridge to Japan’s Nippon Life for $3.8 bln
U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion. The deal is part of AIG’s efforts to reduce its...
Stability AI discusses sale amid cash crunch, The Information reports
British artificial intelligence startup Stability AI held discussions with at least one potential buyer in recent weeks about a sale as it faces a cash crunch, The Information reported on Wednesday, citing a person...
Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
Royal Mail’s parent company International Distributions Services is set to agree a 3.5 billion pound ($4.42 billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm...
Siemens to sell drive division to KPS for $3 billion, sources
Germany’s Siemens will sell its Innomotics large motors and drives division to financial investor KPS Capital Partners for 3 billion euros ($3.25 billion), two sources familiar with the matter said on Wednesday...
Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquisition Corp in a deal that should value the company around $400 million, the two companies said...
Fashion brand Esprit files for bankruptcy for its European business
Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to...
