Italian asset manager Banca Mediolanum said on Monday has completed the sale of its entire 3.5% stake in merchant bank Mediobancafor about 548.4 million euros ($646.2 million). Banca Mediolanum has sold its stake of 29...
Google strikes deal to buy fusion power from MIT spinoff Commonwealth
Alphabet’s Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth. Google signed what...
TransDigm to buy proximity sensor maker Simmonds for $765 million
Aerospace supplier TransDigm Group said on Monday it will acquire Simmonds Precision Products from defense contractor RTX Corp for about $765 million in cash. Simmonds makes fuel and proximity sensing and structural...
AbbVie to buy Capstan for up to $2.1 billion in immunology push
AbbVie said on Monday it would acquire privately held cell therapy developer Capstan Therapeutics in a deal worth up to $2.1 billion, expanding its product pipeline with experimental treatments for autoimmune diseases...
UK’s Oakley Capital to sell legaltech platform vLex to Clio at $1 billion valuation
British private equity firm Oakley Capital Investments said on Monday it has agreed to sell its legal technology platform vLex to legal software provider Clio in a deal valuing the Spanish start-up at $1 billion.
Torrent Pharma to acquire JB Chemicals at Rs 25,689 crore valuation
Ahmedabad-based drugmaker Torrent Pharma has agreed to buy a controlling stake in JB Chemicals from global private equity firm KKR at an equity valuation of Rs 25,689 crore ($3 billion). The deal, which will see a...
Manipal Health Enterprises leads race to buy Sahyadri Hospitals with Rs 6,838 crore bid
IPO-bound Manipal Health Enterprises is leading the race to acquire Sahyadri Hospitals with a Rs 6,838 crore ($800 million) bid, people familiar with the matter said. It is trailed closely by Blackstone, they said...
Russia’s Rosneft Oil Company in early talks with Reliance to sell stake in India unit
Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million-tonne-a-year oil refinery and 6,750 petrol pumps...
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favour of Amazon in its long-standing legal battle with Kishore Biyani-led Future Group, holding that Reliance Retail-Future merger deal breached its...
TPG-owned digital engineering company Altimetrik to acquire SLK Software for $600 million
Altimetrik, a pure-play artificial intelligence (AI), data, and digital engineering solutions company, will acquire SLK Software, a global technology services firm focused on delivering AI, intelligence automation, and...
Orix announces plan to sell stake in Greenko to promoter; invest $750 mn in AM Green
Japan’s financial services firm Orix Corp. on Monday said it will reenter a share transfer agreement to sell its 17.5% stake in Greenko Energy Holdings to AM Green Power B.V., in what will be among the largest...
Star Entertainment’s Queen’s Wharf stake exit deal collapses
Australia’s Star Entertainment said it had received a notice from Hong Kong’s Far East Consortium International and Chow Tai Fook Enterprises to terminate the deal to sell its 50% stake in its Queen’s...
