Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
Orsted sells 55% of Taiwan wind farm to Cathay
Danish offshore wind developer Orsted has agreed to sell a 55% stake in its Greater Changhua 2 offshore wind farm in Taiwan to life insurance company Cathay in a deal worth around 5 billion Danish crowns ($788.74...
Adani’s Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giant
Ambuja Cements Ltd, part of the Adani Group, on Monday said its board has approved separate schemes of amalgamation to merge ACC Ltd and Orient Cement Ltd into Ambuja, a move aimed at creating a single, consolidated...
UK Paints to acquire additional 14.48 pc stake in Berger Paints via internal restructuring
UK Paints (India) Private Limited, a key member of the promoter group of Berger Paints India Limited, has informed that it will acquire a 14.48 per cent stake in the paint major through an internal restructuring. The...
Inox Clean Energy acquires Macquarie’s Vibrant Energy
Inox Clean Energy Limited has acquired Vibrant Energy, a Macquarie-owned renewable energy independent power producer (RE IPP), Inox said on Sunday. The deal has valued Vibrant at $200 million (equity), said sources...
NCLT clears merger of Amazon marketplace with logistics arm
The National Company Law Tribunal (NCLT) has allowed the merger of Amazon Transportation Services (ATSPL) with Amazon Seller Services (ASSPL), paving the way for the local arms of the US-based ecommerce firm to...
SAMIL in talks to acquire Nexans Autoelectric wiring harness biz at 207 mn euros enterprise value
Auto components major Samvardhana Motherson International Ltd on Monday said it has entered into talks to acquire the global wiring harness business of Nexans autoelectric GmbH at an enterprise value of 207 million...
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing...
Varun Beverages shares jump 2% on approving Rs 1,119 crore Twizza acquisition, Citi expects 44% upside
Shares of Varun Beverages Ltd (VBL) jumped 2.2% to an intraday high of Rs 480 on the BSE on Monday, December 22, after the company’s Board of Directors approved the acquisition of South Africa-based Twizza Proprietary...
Lease-to-Own Firm FlexShopper Files Bankruptcy After Firing CEO
FlexShopper Inc., a publicly traded provider of lease-to-own financing for appliances, electronics and other consumer products, filed for bankruptcy months after firing its chief executive officer following an internal...
Motilal Oswal Alternates picks minority stake in Sensa Core for $72 mn
Motilal Oswal Alternates has acquired a significant minority stake in medical diagnostic equipment manufacturer Sensa Core for $72 million, the companies announced in a statement on Monday. The investment will enable...
CACI expands space, defense footprint with $2.6 billion ARKA buy
U.S. defense contractor CACI International will acquire space technology provider ARKA Group from funds managed by Blackstone Tactical Opportunities for $2.6 billion, expanding its footprint in national security and...
