Spanish energy company Repsol said on Thursday it has agreed to sell a 24% stake in Indonesia’s Corridor Block gas operation to Jakarta-listed Medco Energi for $425 million. The deal is part of Repsol’s...
Unilever’s demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall’s
Global FMCG major Unilever on Wednesday said Magnum HoldCo will acquire 61.9 per cent of Kwality Wall’s (India) Ltd. Magnum HoldCo is the holding firm within the new firm formed by the demerger of the ice cream...
GACM Technologies to acquire 30% stake in AI edtech firm WeXL
GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. “The projected valuation...
JAL insolvency: Five firms submit bids to acquire bankrupt firm
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through the insolvency process. In a regulatory filing, Jaiprakash Associates Ltd...
Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr
Tata Steel Limited on Wednesday said that it has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for a total consideration of approximately Rs 1,562...
Edelweiss Infra fund eyes exit from solar asset venture with Engie
Edelweiss Infrastructure Yield Plus (EIYP), a fund managed by the Edelweiss Group, is planning to sell its entire 74% stake in the 1.2 GW solar platform it co-owns with French utility Engie and has mandated Standard...
Shell denies it is in takeover talks with BP
Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we...
Adani Total Gas, Reliance’s Jio-bp partner to offer each other’s fuels in select outlets
Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations across India, bolstering their distribution network in India’s fast-growing...
JSW Steel files review petition before India’s top court on Bhushan Power deal collapse (June 25)
Indian steelmaker JSW Steel said on Wednesday it has filed a review petition before the country’s top court, related to the rejection of its $2.3 billion takeover plan of Bhushan Power and Steel (BPSL). Early last...
Santander to sell seven Pennsylvania branches to Community Bank
Santander said on Wednesday it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States...
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
Brighthouse Financial has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential...
UK’s Warehouse REIT agrees to $661 million Tritax takeover bid over Blackstone
UK’s Warehouse REIT accepted a 485.2 million pound ($661 million) takeover offer from Tritax Big Box REIT on Wednesday, walking away from a previous deal with Blackstone agreed in early June. Tritax’s cash...
