General Motors said on Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans. GM expects to recoup...
Korean Air aims to complete protracted Asiana takeover next week
Korean Air expects to complete its drawn-out purchase of indebted South Korean rival Asiana Airlines next week, as long as U.S. anti-trust regulators do not object to the creation of one of Asia’s biggest carriers...
Crescent Energy expands in Eagle Ford basin with Ridgemar Energy deal
Crescent Energy said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million, further strengthening its...
TPG explores $1.5 billion-plus sale of gym chain Crunch Fitness, sources say
Buyout firm TPG is weighing a potential sale of Crunch Fitness that could value the gym chain at more than $1.5 billion, including debt, people familiar with the matter told Reuters on Tuesday. TPG, which acquired...
UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
Britain’s competition regulator said on Tuesday it was considering whether asset management firm BlackRock’s 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition...
PZU considers selling Alior Bank stake to Pekao under new strategy
Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao...
Britain’s Supreme buys Typhoo Tea out of administration
Britain’s Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea...
Russian retailer Lenta acquires pharmacy chain for undisclosed sum
Russian supermarket chain Lenta on Monday said it had acquired Russia’s second-largest chain of pharmacy stores for an undisclosed sum, adding over 1,500 stores to Lenta’s portfolio and giving the company a...
EQT and GIC to acquire majority stake in Calisen from consortium of investors
Private equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years after the smart metering company was taken private by a consortium of...
China Mobile offers to buy Hong Kong’s HKBN in $882 mln deal
China Mobile said on Monday it had offered to acquire HKBN in a deal valuing the Hong Kong-based broadband company at HK$6.86 billion ($882 million), as it looks to counter a move from a private equity firm. Earlier, U...
Russia’s VTB to buy Zvezda shipbuilding yard from Rosneft
Russia’s second largest lender VTB will acquire the Zvezda shipbuilding yard from oil company Rosneft but the deal is still in its early stages, VTB CEO Andrei Kostin told Reuters. VTB is currently running...
Australian pension funds TelstraSuper, Equip Super to merge
Australian telecom major Telstra’s pension fund arm TelstraSuper will merge with bigger peer Equip Super creating a combined fund that would manage around A$60 billion ($38.8 billion), the funds said in a joint...
