Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett’s Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after years of...
Japan’s MUFG set sights on 20% stake in Shriram Finance for $2.6 billion
Mitsubishi UFG Financial Group (MUFG) is in advanced talks to take a 20% stake in India’s second largest non-banking finance company (NBFC), Shriram Finance, for about Rs 23,200 crore ($2.6 billion), according to...
Jindal Power gets CCI nod to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency...
Meta to acquire chip startup Rivos to strengthen AI plans
Meta Platforms Inc. is buying chip startup Rivos Inc. The deal is part of Meta’s plan to strengthen its own semiconductor development and control more of its AI infrastructure. Rivos is creating its own GPU. A GPU is...
Vedanta demerger date moved to March 2026 pending government approval
Anil Agarwal-led Vedanta Ltd on Tuesday said it has extended the deadline for its demerger to March 2026, from the earlier deadline of September 30, 2025, citing pending approvals from the NCLT and other government...
Adani Road Transport to acquire Yashodhan Highways and KN Highways Development
Adani Road Transport, a wholly owned subsidiary of Adani Enterprises, has executed a share purchase agreement on 30 September 2025, with: a. Yashodhan Highways (YHPL) and DRN Infrastructure (DRN/Existing Shareholder) to...
Coty explores sale of CoverGirl, Rimmel as it pivots to fragrances
Coty said on Tuesday it had launched a strategic review of its consumer beauty business that could lead to the sale of brands such as CoverGirl and Rimmel, as the cosmetics maker plans to focus on its more profitable...
Australia media groups announce $274 million merger as they battle streaming giants
Australia’s Seven West Media said it would merge with Southern Cross Media to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms. Seven...
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
Warren Buffett’s Berkshire Hathaway is in talks to buy Occidental Petroleum’s OxyChem petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the...
BlackRock’s GIP nears $38 billion takeover of utility group AES, FT reports
BlackRock-owned Global Infrastructure Partners (GIP) is nearing a $38 billion deal, inclusive of debt, to acquire utility group AES, the Financial Times reported on Tuesday, citing people briefed on the matter...
Australia’s Eagers to buy stake of CanadaOne in $687.5 million push into Canada
Australian car dealership firm Eagers Automotive said on Wednesday it will acquire a 65% stake in dealership group CanadaOne’s holding company for A$1.04 billion ($687.54 million) to expand into Canada. The deal...
TotalEnergies sells stake in French renewable portfolio for $155 million
French oil major TotalEnergies on Tuesday said that it is selling a 50% stake in a 270 megawatt portfolio of French wind and solar assets to investment fund manager Eiffel Investment Group. The transaction values the...
