U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters...
Grab-GoTo merger talks face Indonesian regulatory hurdles, sources say
Singapore-based Grab’s plan to acquire Indonesia’s GoTo to create a dominant Southeast Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a...
EU regulators clear with conditions UniCredit’s acquisition of Banco BPM
EU antitrust regulators on Thursday approved with conditions Italian bank UniCredit’s takeover of rival Banco BPM. UniCredit agreed to sell 209 branches in northern Italy to allay competition concerns...
Japan’s TDK acquires US-based smart glasses company SoftEye
Japan’s TDK said on Thursday it has acquired U.S.-based SoftEye, which makes software and hardware for smart glasses, as the smartphone battery maker looks for growth drivers linked to artificial intelligence...
Wipro Infra to acquire majority stake in French aerospace major Lauak Group
Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Wednesday said it will acquire a majority stake in French aircraft parts manufacturer Lauak Group. Lauak Group is a 50-year-old...
Jio Financial acquires SBI’s full stake in JPBL for ₹104.54 crore
Jio Financial Services on Wednesday announced that it has acquired 79,080,000 equity shares of Jio Payments Bank (JPBL) from the State Bank of India (SBI) for ₹104.54 crore. Consequent to this acquisition, JPBL has...
Nippon steel acquires US steel for $14.9 bn with Trump-backed deal
Nippon Steel’s $14.9-billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company’s 18-month struggle...
CCI clears Delhivery’s ₹1,400 crore acquisition of Ecom Express stake
Fair trade regulator CCI on Tuesday cleared logistics services provider Delhivery’s proposal to acquire a majority stake in Ecom Express for about Rs 1,400 crore. “The proposed combination comprises the...
Vedanta divests 1.6% stake in subsidiary company Hindustan Zinc for ₹3,028 crore
Mining and metals major Vedanta confirms paring stake in subsidiary Hindustan Zinc on Wednesday, June 18, in a bid to deleverage and strengthen its balance sheet. Several media reports yesterday indicated that Vedanta...
Bayview to buy remaining stake in mortgage lender Guild for $1.3 billion
Investment firm Bayview Asset Management will buy all shares of Guild Holdings that it does not already own for $1.3 billion in cash, taking the mortgage lender private nearly five years after it was listed. Under the...
Totvs, in talks to buy Linx, eyes other Brazil deals in 2025
Brazilian software company Totvs SA is eyeing targets for acquisitions this year beyond StoneCo’s Linx unit, Chief Executive Dennis Herszkowicz said in an interview, adding the company will not need to sell assets...
Keyera to buy Plains’ Canadian natural gas liquids business for $3.77 billion
Keyera Corp said on Tuesday it has agreed to buy substantially all of U.S.-based Plains’ Canadian natural gas liquids business for C$5.15 billion ($3.77 billion) in cash. The buyout expands Keyera’s position...
