Torrent Power on Tuesday said it has acquired stakes in Newzone India Pvt Ltd and its holding company Newzone Power Projects Pvt Ltd for around Rs 211 crore. Newzone Power Projects Pvt Ltd (NZPPPL) is the holding...
Japan’s SMBC picks up additional 4.22% stake in Yes Bank, becomes largest stakeholder
Yes Bank on Tuesday said Sumitomo Mitsui Banking Corporation (SMBC) of Japan has acquired an additional 4.22 per cent stake in the Mumbai-based bank. With the acquisition, SMBC’s stake in Yes Bank has increased...
Singapore’s Seatrium selling Texas shipyard to Turkey’s Karpowership for $51 million
Singapore-based Seatrium Limited said on Tuesday it has a deal to sell its “surplus” AmFELS Yard shipbuilding facility in Texas for $50.67 million to an affiliate of Karpowership. AmFELS Yard, located in the...
Sempra sells $10 billion stake in unit, greenlights Port Arthur expansion project
Sempra said on Tuesday it would sell a 45% stake in its infrastructure unit for $10 billion, and has approved a $14 billion expansion of Port Arthur LNG project in Texas, sending the utility’s shares to their...
Heineken to buy FIFCO businesses for $3.2 billion in Central America push
Dutch brewer Heineken will buy the beverage and retail businesses of Costa Rica’s Florida Ice and Farm Company for $3.2 billion in cash, it said late on Monday, boosting its presence across Central America...
Morningstar to buy market data firm for $375 million to bolster index business
Morningstar said on Tuesday it will buy market data firm, the Center for Research in Security Prices (CRSP), from the University of Chicago for $375 million, as the investment insights firm looks to expand its index...
Bank of Montreal explores sale of some US branches, WSJ reports
Bank of Montreal has recently launched a process to sell some of its U.S. branches with about $6 billion in deposits, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Canadian...
Singapore-based Keppel set to divest Chennai’s One Paramount office park for Rs 2,750 cr
Singapore-based Keppel is set to divest its office asset One Paramount office park in Porur, Chennai, to Prime Offices Fund, managed by Nuvama Asset Management and Cushman & Wakefield (NCW), for about 2,750 crore...
Temasek seeks to acquire minority stake in Nash Industries for $120-150 mn
Singapore’s state-owned investor Temasek Holdings is in talks to acquire a minority stake in auto components maker Nash Industries, which is seeking to raise $120-150 million from private equity investors...
Govt plans minority stake sales in nearly 6 state firms: Divestment secy
The Indian government is planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told television channel CNBC-TV18 on Monday. Chawla did not disclose which...
Pfizer to buy obesity startup Metsera for $4.9 billion
Pfizer Inc. will pay $4.9 billion for the obesity startup Metsera Inc. in a bid to catch up to rival drugmakers after failing to compete with its own weight-loss medications. The US drugmaker agreed to buy Metsera for...
Office Depot parent to be acquired by Atlas Holdings for $1 billion
The ODP Corporation, which owns office supply retailers Office Depot and OfficeMax, agreed to be taken private by an affiliate of Atlas Holdings for approximately $1 billion, the companies said on Monday. Investment...
