Australia’s competition watchdog on Wednesday approved Ampol’s A$1.1 billion ($789.47 million) acquisition of EG Australia, the local arm of Britain’s EG Group, subject to the divestment of 41 Ampol...
International News
Macquarie, IG4 to sell controlling stake in Brazil’s CLI to AD Ports for $835 million
Australia’s Macquarie Group said on Tuesday its asset management arm and Brazil’s IG4 Capital agreed to sell a controlling stake in Corredor Logística e Infraestrutura S.A (CLI) to AD Ports Group for $835...
BP held talks to sell North Sea assets to Ithaca for £2 billion, FT reports
BP held advanced talks to sell its UK North Sea assets to Ithaca Energy in a deal worth nearly £2 billion ($2.69 billion), the Financial Times reported on Tuesday, citing people familiar with the matter. While the...
Berkshire Hathaway to buy Taylor Morrison for $6.8 billion in cash to expand in housing
Berkshire Hathaway agreed to buy Taylor Morrison Home Corp for $6.8 billion in cash, expanding the conglomerate’s housing business in Greg Abel’s first multi-billion-dollar acquisition since replacing...
Lactalis acquires UK protein brand Protein Works
Lactalis said it had acquired Britain’s Protein Works, as the world’s largest dairy group continues to expand to meet fast-growing demand for protein-rich foods and nutrition products. The French group has...
Elliott takes A$1 billion stake in Australia’s Northern Star, calls for strategic review
Shares in Australia’s Northern Star Resources jumped on Tuesday after activist investor Elliott Investment Management disclosed an over A$1 billion ($714.60 million) stake and called for it to launch a strategic...
Rheinmetall sells struggling auto division to Aequita in €350 million deal
Germany’s Rheinmetall will sell its struggling automotive unit to Munich-based investment firm Aequita for about €350 million ($406 million), it said on Wednesday, in one of its final steps to focus on defence...
Japan electronics retailers Yamada, Edion plan merger to create sector giant
Japan’s Yamada Holdings and Edion said on Thursday that they plan to merge, aiming to create a giant consumer electronics chain with combined sales of around $16 billion. The boards of both companies will meet...
Hungary’s MOL seeks extension to finalise talks to buy Serbia’s NIS, Serbian energy minister says
Hungary’s largest oil and gas corporation, MOL, has asked the U.S. government for a one-month extension to complete talks to buy a majority stake in Serbia’s NIS, an oil company controlled by Russia...
Nestle buys out yfood Labs founders in first acquisition for new CEO
Nestle will fully acquire the smart food brand yfood Labs from its founders, a statement said on Wednesday, the first acquisition for the world’s largest packaged food company under new CEO Philipp Navratil...
Berkshire Hathaway’s first post- Warren Buffett acquisition: Buys homebuilder Taylor Morrison for $8.5 billion
Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corporation in an $8.5 billion all-cash transaction, its first announced takeover since Warren Buffett stepped down as chief executive, as the conglomerate...
Castlelake mulls possible offer for British budget carrier easyJet
U.S.-based investment firm Castlelake, L.P. on Friday said it is in the early stages of considering a possible offer for British budget carrier easyJet, sending the airline’s U.S.-traded shares up nearly 10%. No...
