Abu Dhabi state oil giant ADNOC is readying remedies to address an EU subsidy investigation into its 14.7 billion euro ($17.2 billion) bid for Germany’s Covestro that will likely see it convert a proposed 1.2...
Kering delays full Valentino acquisition to 2028 amid debt concerns
Kering said on Wednesday that it will not fully buy Italian fashion brand Valentino until at least 2028, its first major move under new CEO Luca de Meo, pushing back the execution of an expensive deal that has been...
Barrick to sell its Canada’s Hemlo mine for up to $1.1 billion
Barrick Mining has agreed to sell its Hemlo gold mine in Canada to Carcetti Capital for up to $1.09 billion, the companies said on Wednesday. The deal includes $875 million in cash at closing, $50 million in shares of...
Private equity GTCR strikes $4.8 billion deal to buy Zentiva, FT reports
Private equity firm GTCR has struck a 4.1 billion euro ($4.8 billion) deal to buy Czech generic drugmaker Zentiva from Advent International, the Financial Times reported on Wednesday, citing unidentified sources...
Permira, Blackstone take $525 million minority stake in Dubai’s Property Finder
Permira and Blackstone Inc are acquiring a $525 million minority stake in Dubai-based classifieds firm Property Finder, according to a joint statement on Tuesday, in a sign of continued investor appetite in the...
Bain Capital drops Whirlpool of India plan, EQT lone contender for stake buy
Buyout group Bain Capital has dropped out of the two-horse race for acquiring a 31% controlling stake in Whirlpool of India, the listed local arm of the US appliances giant. This leaves EQT as the sole contender for the...
LNJ Bhilwara buys out Statkraft’s 49% stake in hydro power JV
LNJ Bhilwara Group has bought out Statkraft’s 49% stake in a hydro power JV, according to a disclosure to stock exchanges. LNJ Bhilwara group company HEG will buy out Statkraft’s stake in Malana Power Company for an...
Blue Cloud Softech Solutions to acquire defense tech company – 3P Vision
Blue Cloud Softech Solutions (BCSSL) has signed a Letter of Intent (LOI) to acquire 3P Vision, a defense technology company renowned for its deep-tech expertise in AI, drones, and integrated surveillance systems...
Mount Everest Breweries acquires Cheers Breweries in ₹300 crore deal
Indore-based Mount Everest Breweries Limited (MEBL) has acquired Karnataka’s Cheers Breweries in a Rs 300 crore deal, marking its entry into the southern market. The move is part of MEBL’s plan to expand to 20 states by...
Cupid acquires strategic stake in Arabian luxury fragrance brand ‘Mansam’
Cupid has entered into a Term Sheet to acquire a strategic stake in Mansam, a Saudi Arabian fragrance brand promoted by Key Notes Trading LLC, through a fund structure managed by GII lnvestment Management. Mansam...
Japan’s Sumitomo Mitsui to exit Kotak ahead of Yes Bank stake purchase
Japan’s Sumitomo Mitsui Banking Corp. (SMBC) plans to sell its stake in Kotak Mahindra Bank, likely to avoid any conflict of interest after getting the regulatory nod to buy nearly 25% in Yes Bank. The foreign lender...
Anglo American, Teck Resources to merge in second-largest mining deal ever
London-listed miner Anglo American and Canada’s Teck Resources plan to merge, the two companies said on Tuesday, marking the sector’s second-biggest M&A deal ever and forging a new global copper-focused...
