Kingdom Holding Company, owned by billionaire businessman Prince Al Waleed bin Talal, has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al Hilal, Saudi Arabia’s Public Investment...
International News
Schroders shareholders approve $13.4 billion sale to Nuveen
Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence for one of London’s historic fund houses...
AmEx to buy Altman-backed Hyper in push for AI-powered expense tools
Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman. The deal underscores how large...
UK’s Intertek rejects $11 billion buyout proposal from EQT
Intertek has rejected a buyout proposal from Swedish private equity firm EQT AB valuing the group at about 7.93 billion pounds ($10.74 billion), saying it undervalued the British product testing company. EQT offered to...
UK retailer JD Sports sells entire Applied Nutrition stake for $66.5 million
British sportswear retailer JD Sports Fashion has sold its entire 9.1% stake in Applied Nutrition for about 49 million pounds ($66.47 million), a bookrunner said on Thursday. The retailer was the second-biggest...
Botswana is in talks on stake in Angola’s Lobito refinery, officials say
Angola’s state oil firm Sonangol has begun high-level talks with Botswana on the sale of a stake in the new $6.6 billion Lobito refinery, two senior company officials said on Thursday. Angola has been seeking...
Elliott takes stake in Japan’s Daikin, calls for higher returns
Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets. Elliott did...
Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
Trading firm Jane Street has committed about $6 billion for CoreWeave’s cloud services, marking the third major deal for the Nvidia-backed cloud company in a week and underscoring surging demand for computing...
Standard Life strikes $2.7 billion deal to buy Aegon’s UK arm
Standard Life has agreed to buy Dutch rival Aegon’s UK business for 2 billion pounds ($2.7 billion), the companies said on Wednesday, expanding the British pension savings group’s reach to 16 million...
Sazerac bids $15 billion for Jack Daniel’s maker Brown-Forman, source says
U.S. spirits group Sazerac has offered to buy Brown-Forman for about $15 billion, a source familiar with the matter said on Wednesday, complicating Pernod Ricard’s attempt to merge with the Jack Daniel’s...
Quadra Capital nears deal to buy $3 billion of assets from Banco de Brasília, sources say
Brazilian independent asset manager Quadra Capital is nearing the acquisition of 15 billion reais ($2.99 billion) of assets from state-owned Banco de Brasília (BRB) that were previously held by liquidated lender Banco...
Brazil’s CSN to kick off binding phase of cement unit sale in a month, CFO says
Brazilian steelmaker CSN is set to start receiving binding offers for its cement unit in just a few weeks, the company’s chief financial officer told Reuters on Tuesday. “The binding phase should begin in...