The Polish financial regulator (KNF) has given a green light to Erste Group Bank AG’s purchase of a controlling stake in Santander Bank Polska, it said in a statement on Wednesday. Spain’s Santander, the...
UK’s Inocea Group eyes acquisition of Germany warship builder GNYK, source says
British defence, marine and industrial firm Inocea Group is in talks to buy warship builder German Naval Yards Kiel (GNYK), a person familiar with the matter said, highlighting growing demand for defence assets fuelled...
CVB Financial to buy Heritage Commerce in $811 million deal in Bay Area push
Regional lender CVB Financial will buy smaller rival Heritage Commerce in an $811 million all-stock deal, as it looks to expand its presence into the Bay Area that is a major powerhouse of the U.S. economy. The deal...
Mortgage lender UWM Holdings to buy Two Harbors Investment in $1.3 billion deal
Lender UWM Holdings said on Wednesday it will buy real estate investment trust Two Harbors Investment in an all-stock deal worth $1.3 billion, as U.S. mortgage lenders consolidate to bolster scale and earnings. Under...
Britain clears Greencore, Bakkavor’s $1.6-billion food group merger
Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the...
Criteria lifts Naturgy stake to 26% after buying 2% from BlackRock
Spain’s Criteria has bought a 2% stake in energy firm Naturgy for around 485 million euros ($568 million), lifting its holding to 25.986%, a spokesperson for Criteria said on Wednesday following a filing to market...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Japanese giant Mizuho to acquire majority stake in India’s Avendus from KKR
Avendus, an Indian institutional financial services firm, said on Wednesday that Redpoint Investments, an affiliate of KKR, will sell its stake in the company to Mizuho Securities Co. Ltd, a unit of Mizuho Financial...
Shriram Finance board meet on Friday likely to finalise MUFG deal
Vehicle financier Shriram Finance’s board of directors will meet on Friday, most likely to consider an equity stake sale to Japanese banking giant Mitsubishi UFG Financial Group (MUFG). In a late-night stock exchange...
CCI clears Coinbase’s minority stake purchase in DCX Global
Fair trade regulator CCI on Tuesday approved US-based cryptocurrency platform Coinbase’s proposal to acquire a minority stake in DCX Global Ltd. The development came after Coinbase Global in October announced that...
CCI clears ITC’s Rs 3,498-crore acquisition of Aditya Birla Real Estate’s paper and pulp business
The Competition Commission of India (CCI) greenlit on Tuesday ITC Limited’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Limited (ABREL), clearing a key regulatory hurdle for the...
Dharma Productions buys out Cornerstone stake in talent venture, rebrands agency as DCAA
Dharma Productions has acquired Cornerstone’s stake in its talent management arm, Dharma Cornerstone Agency. The film production and distribution company is jointly owned by Karan Johar and Adar Poonawalla. The Economic...
