Britain’s competition regulator said on Tuesday it has started a probe into the merger between Norway’s Subsea 7 and Italy’s Saipem for probable competition concerns in the energy services sector. The...
Prada gets EU approval for Versace acquisition
The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada. Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace...
Mahindra sells Sampo Rosenlew stake to TERA, enabling new growth pathways in Finnish market
Mahindra and Mahindra (M&M) on Monday announced that it has entered into a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy. Consequent...
PE-firm InvAscent buys out Somerset, invests Rs 265 Cr in Rajasthan-based hospital chain Apex
Life sciences private equity firm InvAscent has picked up a significant stake in Rajasthan-based multi-specialty hospital chain Apex Hospitals to help with its expansion. InvAscent has invested $ 30 million (about Rs...
NCLAT sets aside Future Consumer’s plea for insolvency against Aussee Oats
Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd. A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National...
Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore
Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday. In addition to...
US-based tax services provider Ryan acquires majority stake in Dhruva Advisors
The US-headquartered tax services and software provider Ryan has acquired a majority stake in the Indian tax and regulatory advisory firm Dhruva Advisors for an undisclosed amount. The transaction will pave the way for...
Genmab to buy Dutch cancer drugmaker Merus for $8 billion
Denmark’s Genmab has agreed to acquire Merus NV, a Nasdaq-listed Dutch biotech firm developing a head-and-neck cancer drug, for $8 billion in cash, the two companies said in a statement on Monday. The planned...
Reliance Power to divest Indonesian coal subsidiaries for $12 million
Reliance Power said it has signed an agreement to sell its entire stake in five Indonesian coal entities for a total consideration of $12 million. In a regulatory filing, the company said that its subsidiaries: Reliance...
LG Electronics to sell 15% stake in Indian unit under IPO process
LG Electronics, South Korea’s leading home appliance maker, said on Tuesday it expects to complete the initial public offering (IPO) of its Indian subsidiary as early as next month to secure funding for future...
Alibaba in talks to acquire Hong Kong office in $900 million deal
Chinese tech giant Alibaba Group Holding Ltd. is in talks to buy the upper 13 floors of One Causeway Bay in Hong Kong, in a deal worth about HK$7 billion ($900 million), the Hong Kong Economic Times reported, citing...
Veritas-Backed Software Provider Anthology Files for Bankruptcy
Anthology Inc., the Veritas Capital-backed education-software provider, sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection...
