Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi’s plan to take the unit public. The...
Dutch government sells nearly half of TenneT Germany for $11.3 billion
The Dutch government is selling 46% of power grid operator TenneT’s German unit to an investor consortium for up to 9.5 billion euros ($11.3 billion), it said, kicking off the separation from a business it has...
Lego buys entertainment centres from Madame Tussauds owner Merlin for $270 mln
Danish toymaker Lego said on Wednesday it will buy 29 discovery centres from theme park operator Merlin Entertainments in a 200 million pounds ($269.5 million) deal, in line with a strategy to strengthen control over...
Private equity firm Novacap to buy Integral Ad Science for $1.9 billion
Private equity firm Novacap will buy Integral Ad Science in a deal valuing the target at around $1.9 billion, the digital ad verification company said on Wednesday. Novacap, having more than $10 billion in assets under...
Angola’s diamond miner Endiama seeks minority stake in De Beers
Angola’s state diamond company Endiama has bid for a minority stake in Anglo American’s diamond unit De Beers, the African country’s Ministry of Mineral Resources, Petroleum and Gas said on Wednesday...
UK’s IPF jumps on Basepoint’s sweetened $693 million takeover proposal
Britain’s International Personal Finance said on Wednesday it received an increased 514.9 million pounds ($693.31 million) takeover proposal from U.S.-based specialty finance group Basepoint Capital, sending its...
Singapore’s Seatrium selling Texas shipyard to Turkey’s Karpowership for $51 million
Singapore-based Seatrium Limited said on Tuesday it has a deal to sell its “surplus” AmFELS Yard shipbuilding facility in Texas for $50.67 million to an affiliate of Karpowership. AmFELS Yard, located in the...
Sempra sells $10 billion stake in unit, greenlights Port Arthur expansion project
Sempra said on Tuesday it would sell a 45% stake in its infrastructure unit for $10 billion, and has approved a $14 billion expansion of Port Arthur LNG project in Texas, sending the utility’s shares to their...
Heineken to buy FIFCO businesses for $3.2 billion in Central America push
Dutch brewer Heineken will buy the beverage and retail businesses of Costa Rica’s Florida Ice and Farm Company for $3.2 billion in cash, it said late on Monday, boosting its presence across Central America...
Morningstar to buy market data firm for $375 million to bolster index business
Morningstar said on Tuesday it will buy market data firm, the Center for Research in Security Prices (CRSP), from the University of Chicago for $375 million, as the investment insights firm looks to expand its index...
Bank of Montreal explores sale of some US branches, WSJ reports
Bank of Montreal has recently launched a process to sell some of its U.S. branches with about $6 billion in deposits, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Canadian...
Pfizer to buy obesity startup Metsera for $4.9 billion
Pfizer Inc. will pay $4.9 billion for the obesity startup Metsera Inc. in a bid to catch up to rival drugmakers after failing to compete with its own weight-loss medications. The US drugmaker agreed to buy Metsera for...
