The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit’s takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering this option. On Monday...
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal
Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China’s Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with...
Unilever CEO looking to sell food brands with $1 bln in sales, FD reports
Unilever is looking to sell several food brands that have combined sales of around 1 billion euros ($1.05 billion), Chief Executive Officer Hein Schumacher told Dutch financial daily FD in an interview published on...
Ipsos weighs binding offer to buy Kantar Media, sources say
French market research group Ipsos is preparing a binding offer to buy the TV ratings data business from market research group Kantar, two people with knowledge of the matter told Reuters. Ipsos, with headquarters in...
Canada’s ABC Technologies to buy British firm TI Fluid for $1.32 bln
Automotive components supplier TI Fluid has agreed to a 1.04 billion pound ($1.32 billion) takeover by Canada’s ABC Technologies, expanding the combined group’s reach across the Americas, Europe, and Asia...
Repsol sells Colombian oil and gas assets for $530 million
Spanish oil company Repsol has agreed to sell oil and gas production assets in Colombia to Geopark for $530 million, the two companies said on Friday. The assets include Repsol’s oil extraction operation in...
Telefonica’s sale of Peruvian fibre network falls through
Telefonica’s sale of stakes in its fibre optic network in Peru to private equity fund KKR and Chilean telecom firm Entel announced in July 2023 fell through, Entel said in a filing to the regulator on Thursday...
Australia’s Macquarie set to buy Renewi for $887 mln in latest UK deal
Macquarie has proposed buying waste management company Renewi for 700.9 million pounds ($886.8 million), the companies said on Thursday, more than a year after the asset manager’s first attempt to take over the...
Insurer Direct Line rejects Aviva’s $4.16 billion takeover bid
British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov. 19...
Standard Chartered mulls sale of wealth, retail operations in Africa
Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a...
Air France-KLM in talks to take a 20% stake in Air Europa, El Economista says
Franco-Dutch airline group Air France-KLM is in talks to take a 20% stake in Spanish airline Air Europa, newspaper El Economista said on Wednesday, citing unidentified sources. The price of the stake would be higher...
BlackRock has deal to buy private credit manager HPS, FT reports
BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday. The final deal value would be closer to $12 billion, which offers a significant premium over...
