Spanish construction giant Ferrovial said on Thursday it closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.10 billion) to French investment firm Ardian and Saudi Arabia’s...
Blackstone to Buy Tokyo Complex From Seibu for $2.6 Billion
Blackstone Inc. is buying a mixed-use complex in Tokyo from Seibu Holdings Inc. in the largest-ever real estate acquisition by foreign fund in Japan. The world’s largest alternative asset manager will purchase Tokyo...
CRISIL hits record high after board nod to acquire minority stake in OPL
CRISIL advanced 1.52% to Rs 5609.35 after the company’s board approved the acquisition of 4.08% stake in Online PSB Loans (OPL) for Rs 33.25 crore on fully diluted basis. OPL is a pioneer in the digital MSME...
Australia’s Insignia Financial gets $1.7 billion takeover offer from Bain Capital; shares rise
Australia’s Insignia Financial said on Friday it has received a non-binding takeover all-cash proposal from private equity Bain Capital, valuing the 178-year-old wealth manager at A$2.67 billion ($1.70 billion)...
Kosmos Energy in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy said on Thursday it was in early talks for an all-share acquisition of West Africa-focused Tullow Oil. Earlier in the day, Tullow addressed, recent media speculation by announcing...
UK’s De La Rue in talks over stake sale valuing it at $311 million
Banknote maker De La Rue said on Thursday it is in talks with a consortium for a sale of up to 40% of its equity that would value the British company at about 245 million pounds ($310.6 million). The latest proposal of...
Nippon Life to buy Resolution in $8.2 billion deal as it pursues US growth
Nippon Life Insurance plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion – an all-cash deal that gives Japan’s biggest insurer a firmer footing in the U...
Indonesia’s XL Axiata, Smartfren agree to $6.5 bln merger
Indonesian telcos XL Axiata, Smartfren Telecom and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.5 billion), the companies said on...
Dental products supplier Patterson to go private in $4.1 bln deal
Patterson Companies has agreed to be taken private for about $4.1 billion by health investment firm Patient Square Capital, the animal and dental health equipment supplier said on Wednesday. The $31.35 per share offer...
Korean Air completes Asiana takeover to form one of Asia’s biggest airlines
Korean Air has completed its protracted purchase of indebted South Korean rival Asiana Airlines, the airline said on Thursday, a major step towards forming one of Asia’s biggest carriers. The 1.8-trillion-won ($1...
Spark New Zealand to sell stake in mobile towers business to Canada’s CDPQ for $182 mln
Spark New Zealand will sell its remaining 17% stake in mobile towers firm Connexa for NZ$314 million ($181.77 million) to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ), the telecom company said...
CCI clears Thyssenkrupp Electrical Steel India’s acquisition by JSW Steel’s JV arm
The Competition Commission of India (CCI) on Tuesday said it has approved four deals, including the acquisition of Thyssenkrupp Electrical Steel India by a subsidiary of a joint venture firm of JSW Steel and Japan’s JFE...
