Airwallex has acquired South Korea’s Paynuri Co Ltd, securing local payments licences and a foreign-exchange business registration that will allow it to operate directly in the country as the Australia-founded...
Genesis Health approved to sell nursing home in $1 bln bankruptcy deal
Bankrupt Genesis Health received court approval on Tuesday to sell its nursing homes to an outside buyer for $1 billion, just over a month after a U.S. bankruptcy judge rejected a previous offer from company insiders. U...
GoldenTree to buy about $200 million of Saks Global bankruptcy financing, Bloomberg News reports
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported on Tuesday, citing people familiar with the matter. GoldenTree...
NCLAT upholds Adani Power’s Rs 4k-cr acquisition of Vidarbha Industries Power
Insolvency appellate tribunal NCLAT has upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd (APL), India’s largest private thermal power producer. The National Company Law Appellate Tribunal...
New Zealand’s Fletcher Building to sell construction arm to French builder
New Zealand’s Fletcher Building said on Tuesday it will sell its construction division to a unit of French infrastructure firm VINCI SA for NZ$315.6 million ($182.76 million). The construction arm is one of...
Zurich Insurance offers $10 billion for UK’s Beazley in latest bid
Zurich Insurance Group has made a 7.67 billion pound ($10.3 billion) offer for speciality insurer Beazley, going public with an improved bid that sent shares in the British company up 40% on Monday. Europe’s...
Auction Technology rejects FitzWalter’s raised $658 million bid
Britain’s Auction Technology on Monday rejected FitzWalter Capital’s sweetened buyout approach, saying the proposed 491 million pound ($657.8 million) bid from its biggest shareholder undervalues the company...
Russia’s Gazprom Neft provisionally agrees to sell NIS stake to Hungary’s MOL
Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in Serbian oil refiner NIS to Hungary’s MOL, Serbia’s Energy Minister Dubravka Djedovic Handanovic said on Monday...
Italy’s Hera to buy Sostelia from Xenon to boost water treatment operations
Italian multi‑utility firm Hera said on Monday it had agreed to acquire water treatment group Sostelia in a deal worth 138 million euros $161 million) including debt, boosting its position in the treatment of industrial...
Sun Pharma looks to rise in US with $10 billion Organon buy
Sun Pharmaceutical Industries Ltd, India’s largest drugmaker by market cap and revenue, is evaluating the acquisition of US-based Organon, a specialist in women’s health with an expanding presence in the fast-emerging...
Micron’s $1.8 billion acquisition boosts Powerchip shares
Shares of Taiwan’s Powerchip Semiconductor Manufacturing Corp rose nearly 10% on Monday after U.S. memory chipmaker Micron Technology said it would buy a fabrication plant from the company. Micron...
Rio Tinto-Glencore merger may need asset sales to win over China
The proposed tie-up between Rio Tinto, and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market...
