Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years. The deal marks a turning...
Italy’s Poste seeks meeting with Telecom Italia board over takeover bid, sources say
Poste Italiane has asked the board of Telecom Italia (TIM) for a meeting where Chief Executive Matteo Del Fante could present the postal services group’s 10.8 billion euro ($12 billion) cash-and-share bid for the...
Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the...
NARCL set to acquire debt of Kay Bouvet Engineering
The National Asset Reconstruction Company (NARCL) is set to take over the Rs 1,000 crore debt of specialised equipment maker Kay Bouvet Engineering after its Rs 130-crore offer did not receive a challenging bid, people...
Citigroup dismisses report of potential US regional bank acquisition
Citigroup on Friday dismissed as “baseless speculation” a Bloomberg News report that its top executives were weighing the acquisition of a U.S. regional bank, saying it remains focused on organic growth...
RTL to offer remedies, likely to win early EU approval for Sky Deutschland bid, sources say
European broadcaster RTL is set to offer remedies in the coming days to address EU antitrust concerns over its acquisition of Sky Deutschland, in a move likely to help it secure early regulatory approval for the deal...
Unilever shareholders to get majority stake in potential McCormick food deal, sources say
A proposed combination of Unilever’s food business with U.S. spice maker McCormick would offer the British group’s shareholders a majority stake in the new entity and tax benefits, two people familiar with...
Prosus considers 10% Delivery Hero stake sale to Aspex, Bloomberg News reports
Dutch technology investor Prosus is considering selling a roughly 10% stake in Germany’s Delivery Hero, in which it is the largest shareholder, to Hong Kong-based Aspex Management, Bloomberg News reported on...
Novartis to pay up to $2 billion for US biotech firm Excellergy
Swiss drugmaker Novartis will buy California-based biotech company Excellergy in a deal worth up to $2 billion, it said on Friday, extending its anti-allergy range and in line with plans to increase its U.S. focus. A...
VINCI to acquire Macquarie’s India road assets for ₹15,000 cr
Global infrastructure investor Macquarie Asset Management (MAM) will sell its Toll-Operate-Transfer (ToT) 1 road assets in India to the highest bidder VINCI Highways, the French acquirer said Thursday. The transaction...
UAE Central Bank clears Emirates NBD-RBL deal
RBL Bank announced on Wednesday that Emirates NBD Bank has received approval from the Central Bank of the United Arab Emirates for its proposed acquisition of a majority stake in the Indian lender. The approval also...
Moving Tech Innovation enters Europe with acquisition of Automicle Holding
Moving Tech Innovations (MTI), the company behind India’s leading open mobility platforms such as Namma Yatri, Yatri Sathi, Bharat Taxi, and Chennai One, announced on Thursday the acquisition of Netherlands-based...
