Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and...
Frasers Group nears deal for fashion chain Ted Baker, Sky News reports
Billionaire Mike Ashley’s Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker, Sky News reported on Wednesday, citing retail industry sources. Apparel and...
Australia’s PSC Insurance hits record high on $1.5 bln takeover by Ardonagh
Shares of PSC Insurance Group rose to a record high on Thursday after UK-based broking business Ardonagh Group agreed to buy the Australian company in a deal valuing it at A$2.26 billion ($1.49 billion) amid rising...
Sony and Apollo plan to break up Paramount, NYT reports
Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar...
Eyeing more buyouts, cyber startup Wiz raises $1 billion in private funds
U.S.-Israeli startup Wiz raised $1 billion in a private funding round that values the four-year-old cloud cyber security company at $12 billion, as it seeks to do more acquisitions. Wiz, which has raised $1.9 billion...
KKR to buy Perpetual’s corporate, wealth units for $1.4 bln; CEO Adams to retire
Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm’s...
Energy producers Santos, Repsol explore sale of stakes in Alaska oilfields, sources say
Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the...
Bankrupt Steward Health puts its hospitals up for sale, discloses $9 bln in debt
Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday...
RWE reviews options for stake in high-voltage power grid Amprion
RWE, Germany’s biggest electricity producer, is considering options for its minority stake in Amprion, one of Germany’s four high-voltage power transmission networks, the company said on Tuesday, potentially...
Software company BigCommerce explores sale, sources say
BigCommerce, the e-commerce software maker that used to be backed by SoftBank Group, is exploring a sale after attracting takeover interest, people familiar with the matter said on Tuesday. BigCommerce has become an...
Niagara Energy completes $1.36 billion takeover of Enel Peru unit
Niagara Energy has wrapped up a $1.36 billion share purchase in Enel Generacion Peru, giving the firm majority control over the local subsidiary of Italian utility Enel. Niagara, controlled by investment firm Actis...
Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million
Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to...