Shareholders in Italy’s Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services. All the investors attending...
Brazilian airline Gol’s controller ends talks for potential merger with Azul
Airline Gol said on Thursday that its controlling shareholder, Abra Group, has notified peer Azul of its decision to end talks for a potential business combination between the two Brazilian carriers. “The parties...
JK Lakshmi Cement acquires 26% in Ampin C&I Power, commissions new grinding unit in Surat
JK Lakshmi Cement on Wednesday said that it has acquired a 26 per cent stake in Ampin C&I Power, which will enable it to source solar power under applicable captive power laws. The JK group firm is investing Rs 4...
Crisil to acquire McKinsey PriceMetrix Co
Crisil, an S&P Global Company, announced the acquisition of McKinsey PriceMetrix Co. (PriceMetrix), a leading provider of performance benchmarking and data-driven insights for the wealth management industry...
Reliance trims stake in Balaji Telefilms
Reliance Industries’ stake in Ekta Kapoor-led Balaji Telefilms dropped to 21.07% in FY25 from 24.82% a year earlier, according to the production company’s annual report. Nonetheless, Reliance Industries...
Continuum Green to acquire remaining 26% stake from CEIL
Continuum Green Energy Holdings would acquire the remaining 26% stake held by Clean Energy Investing (CEIL), an investment vehicle backed by Morgan Stanley Infrastructure Partners, marking the US investor’s exit...
Poly Medicure to fully acquire Citieffe Group at enterprise value of Rs 324 cr
Medical device maker Poly Medicure Ltd on Wednesday said it will fully acquire Italy-based Citieffe Group at an enterprise value of Rs 324 crore (EUR 31 million). The company has signed a definitive agreement to acquire...
Cerberus Capital, IFC to fund Madhvani group’s Hindusthan National Glass buyout
Cerberus Capital and World Bank arm, International Finance Corporation (IFC), have provided Madhvani group a Rs. 1600 crore loan for its planned takeover of Hindusthan National Glass and Industries Limited (HNG)...
Delphi World Money acquires stake, management control in Ebix Travels
Delphi World Money on Wednesday announced that it had acquired a substantial equity stake, along with management control, in Ebix Travels, an online travel services firm within the Ebix Group, according to a joint...
Citigroup sells stake in Banamex to Mexican billionaire for $2.3 billion
Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi’s plan to take the unit public. The...
Dutch government sells nearly half of TenneT Germany for $11.3 billion
The Dutch government is selling 46% of power grid operator TenneT’s German unit to an investor consortium for up to 9.5 billion euros ($11.3 billion), it said, kicking off the separation from a business it has...
Lego buys entertainment centres from Madame Tussauds owner Merlin for $270 mln
Danish toymaker Lego said on Wednesday it will buy 29 discovery centres from theme park operator Merlin Entertainments in a 200 million pounds ($269.5 million) deal, in line with a strategy to strengthen control over...
