Gold and copper miner SolGold said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper in a deal valuing it at 867 million pounds ($1.17 billion). The 28-pence-per-share deal represents...
Hillhouse joins Temasek in race for up to 6% stake in Quest Global
Asia-focused private equity firm Hillhouse Investment Management has entered the race to acquire about 6% of Quest Global, the Singapore-headquartered engineering services outsourcing company, at an estimated valuation...
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
LG Energy Solution to sell US factory assets to Honda
South Korea’s LG Energy Solution (LGES) said on Wednesday it is selling a factory building and assets in the U.S. state of Ohio to Honda Development and Manufacturing of America. The planned $2.86 billion deal...
Serbia’s NIS gets US approval to negotiate sale of Russian stake
The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner’s stake, Serbia’s state-owned RTS TV reported on Wednesday. However, RTS said NIS had not obtained an...
UK’s Secure Trust to sell motor finance business for $619 million
Britain’s Secure Trust Bank said on Wednesday it would sell its consumer vehicle finance business to funds managed by European investment fund manager LCM Partners for 458.6 million pounds ($619.48 million).
ServiceNow to buy cybersecurity startup Armis for $7.75 billion
ServiceNow has agreed to buy cybersecurity startup Armis for $7.75 billion in cash, the companies said on Tuesday, as the enterprise software maker looks to attract new customers amid growing risks of cyberattacks...
BP nears sale of majority Castrol stake to Stonepeak, WSJ reports
BP is nearing a sale of a majority stake in Castrol to investment firm Stonepeak in a deal that values the oil major’s lubricants unit at $10 billion, including debt, the Wall Street Journal reported on Tuesday...
Samsung Electronics unit Harman to acquire ZF Group’s ADAS business for $1.8 billion
Samsung Electronics announced on Tuesday a $1.8 billion deal to acquire Germany’s ZF Friedrichshafen’s autonomous driving technology unit to combine it with its audio business and offer next-generation in...
South Korean court rejects request to block Korea Zinc share sale linked to US smelter
A South Korean court on Wednesday rejected a request by two major shareholders of Korea Zinc – MBK Partners and YoungPoong – to block the zinc refiner’s plan to issue new shares to help fund a $7.4...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
