The Berlusconi family has agreed to sell soccer club AC Monza to U.S.-based investment firm Beckett Layne Ventures, it said in a statement on Tuesday, marking the end of an era for one of the big backers of the sport in...
Intralot to buy Bally’s International Interactive unit in deal valued at 2.7 billion euros
Greek gaming firm Intralot said on Tuesday it would acquire Bally’s International Interactive business in a cash-and-stock deal, valuing the unit at 2.7 billion euros ($3.18 billion). The deal will expand...
Blackstone to consider options for UK’s Warehouse REIT bid
Blackstone said on Tuesday it was considering its options regarding its bid for UK’s Warehouse REIT after its takeover target agreed to a 485.2 million pound ($666.8 million)deal with Tritax Big Box REIT last week...
Torrent Pharma set to finalise JB Chemicals buyout in 15-18 months
Ahmedabad-based drug maker Torrent Pharmaceuticals will complete its acquisition of JB Chemicals & Pharmaceuticals in the next 15-18 months subject to key regulatory approvals, a top company executive said in an...
Japan’s SMBC seeks CCI nod to acquire 20 pc stake in Yes Bank
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has sought clearance from the fair trade regulator CCI to acquire a 20 per cent stake in private sector lender Yes Bank. The development came after State Bank of...
Inox Neo Energies acquires Skypower Solar India
Inox Clean Energy on Monday said its arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India for an enterprise value of Rs 265 crore. Skypower Solar India has a portfolio comprising 50 MW (AC)/ 57...
AM Green to buy 17.5% stake in Greenko from Orix for $1.28 billion
Japanese financial group Orix Corporation has agreed to sell its 17.5% equity stake in Greenko Energy Holdings for $1.28 billion to AM Green (AMG), an entity promoted by Greenko co-founders Anil Chalamalasetty and...
Apollo Hospitals to spin off digi health, pharmacy business
Apollo Hospitals Enterprises (AHEL), the country’s largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24×7...
Struggling Semiconductor Firm Wolfspeed Files for Bankruptcy
Wolfspeed Inc., a chipmaker caught in President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The North Carolina-based company...
Private Lenders Pitch Restructuring for Stressed Pallet Company
Private lenders have proposed a potential debt restructuring for 48Forty Solutions, less than a year after Summit Partners acquired a majority stake in the pallet management company, according to people with knowledge...
Hyatt to sell Playa’s real estate portfolio for $2 billion
Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business. Hyatt had...
UK competition watchdog begins initial probe into Boeing-Spirit Aero deal
Britain’s competition regulator said on Monday it has started a Phase 1 investigation into Boeing’s planned acquisition of Spirit Aerosystems, setting a deadline of August 28 for a decision. The Competition...
