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...
Mexican retailer Elektra to propose going private
Mexican retailer Grupo Elektra on Wednesday called a shareholders’ meeting in which it will propose privatizing the company, which would make it the latest to exit Mexico’s main stock exchange. Trading in...
Mike Ashley’s Frasers buys South African firm Holdsport
Sportswear and apparel retailer Frasers, owned by billionaire Mike Ashley, said on Tuesday that it has bought South African sporting goods firm Holdsport Group from Old Mutual Private Equity and Holdsport’s...
Roche to acquire cell therapy maker Poseida Therapeutics in $1.5 bln deal
Switzerland’s Roche will acquire its U.S. collaboration partner Poseida Therapeutics in a cash deal worth up to $1.5 billion, banking on complex immune cell therapies against several types of blood cancer to boost...
Japan PM Ishiba urges Biden to approve Nippon-US Steel deal, sources say
Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel’s acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the...
Qualcomm’s interest in acquiring Intel has cooled, Bloomberg News reports
Qualcomm’s interest in acquiring Intel is said to have cooled due to complexities associated with the deal, Bloomberg News reported on Monday, citing people familiar with the matter. The complexities associated...
UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash
Italy’s UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM, which CEO Andrea Orcel said would take precedence over any potential move on Germany’s...
