British investment firm Rosebank Industries is in advanced talks to buy two private equity-owned U.S. businesses for $3.05 billion, it said on Monday. The company said it would fund the acquisitions through an equity...
Hapag-Lloyd buys Israel’s ZIM for $4.2 billion in global shipping tie-up
Germany’s Hapag-Lloyd said on Monday it would buy Israel’s ZIM Integrated Shipping Services for $4.2 billion in cash to secure its position as the world’s fifth-largest shipping group. However, the...
Third Point buys stake in Spanish defence firm Indra, source says
U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman’s plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the...
Scotiabank unit sells stake in Israeli arms supplier Elbit after backlash
Scotiabank’s 1832 Asset Management subsidiary has dissolved its stake in Israeli arms manufacturer Elbit Systems, regulatory filings showed, after the Canadian bank faced sharp criticism for the investment...
Aberdeen to vote against $9.2 billion FedEx-led InPost takeover
British money manager Aberdeen will vote against the proposed 7.8 billion euro ($9.25 billion) takeover of InPost by a consortium led by FedEx, saying the offer materially undervalues the parcel locker company. The...
Indian salon chain Naturals eyeing 2028 IPO if Reliance stake talks fail, executive says
Indian salon chain Naturals remains in talks with Reliance over a potential stake sale, but discussions have slowed as the two sides have yet to agree on a deal structure, co-founder C.K. Kumaravel said in an interview...
Ixigo acquires 60% stake in Spain-based train ticketing platform Trenes for Rs 125 crore
Le Travenues Technology, the parent company of online travel aggregator Ixigo, has acquired a 60% majority stake in Spain-based online train ticketing platform Trenes for €12 million (around Rs 125 crore). The...
Manappuram Finance shares in focus as RBI clears Bain Capital’s 41.66% stake buy
Shares of Manappuram Finance are likely to remain in focus on Monday after the company received the Reserve Bank of India’s (RBI) final approval for Bain Capital affiliates to acquire up to 41.66% stake in the gold loan...
Lodha Developers buys 80% stake in Pune-based SRPL for Rs 294 crore to expand business
Realty firm Lodha Developers Ltd has acquired an 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan. Mumbai-based Lodha Developers Ltd is one of the leading real estate...
Burman-backed Religare Enterprises announces demerger to unlock shareholder value
Burman family backed-Religare Enterprises Ltd (REL) has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and...
Alkem Labs unit to buy up to 55% of Occlutech for $118 million
Alkem Laboratories’ medical devices unit will buy up to a 55% stake in Switzerland’s Occlutech Holding for 99.4 million euros ($118 million), the Indian pharma company said on Friday, marking its entry into...
RMZ to pick up 50% stake in Signature Global’s Gurugram project for Rs 1,283 cr
Bengaluru-based RMZ has agreed to invest Rs 1,283 crore for a 50% stake in a commercial project of NCR-based Signature Global in Gurugram. The two companies plan to infuse a total nearly Rs 5,000 crore into the project...
