French oil major TotalEnergies has sold a 50% stake in 11 battery projects under construction in Germany to Allianz Global Investors, the companies said on Tuesday, as interest grows in Germany’s fast-growing...
Criteria lifts Naturgy stake to 28.5% after buying 2.5% from BlackRock
Spain’s Criteria has bought a 2.5% stake in energy firm Naturgy for 611 million euros, lifting its holding to 28.5%, the Spanish holding company said on Tuesday. The Spanish company, which remains the largest...
Dabur to acquire a minority stake in the luxury skincare D2C company RAS Beauty, for Rs 60 crore
Packaged goods maker Dabur is acquiring a minority stake in luxury skincare direct-to-consumer company RAS Beauty for Rs 60 crore, it said in a BSE filing late Tuesday. RAS Beauty is a Raipur-based digital first, “farm...
Legends League Cricket sold to Blue God Entertainment for Rs 49 crore
Absolute Legends Sports on Monday announced that Legends League Cricket has been acquired by Blue God Entertainment for Rs 49 crore, making it the first cricket league which will be represented through a listed Indian...
Mitsubishi Mahindra Agricultural Machinery to exit farm equipment business
Mitsubishi Mahindra Agricultural Machinery Co (MAM), an associate company of Mahindra & Mahindra, will exit the agricultural machinery business after years of losses and a review of its long-term viability. Mahindra...
Bartronics India to acquire minority stake in Hyderabad-based Huwel Lifesciences
Avio Smart Market Stack (ASMS) (formerly known as Bartronics India) has signed a Share Subscription cum Shareholders’ Agreement with Hyderabad-based Huwel Lifesciences pursuant to and in furtherance of the MoU...
Hudbay Minerals to buy remaining Arizona Sonoran stake for $1.48 billion
Hudbay Minerals, said on Monday it will buy the remaining shares in Arizona Sonoran Copper Company for $1.48 billion, as the Canadian miner expands its footprint to capitalize on the growing demand for the red metal...
Zurich Insurance to acquire UK’s Beazley for $11 billion
The British insurer Beazley has agreed to the terms of an 8.1 billion pound ($10.8 billion) takeover bid from Zurich Insurance Group, the companies said on Monday, as the Swiss firm looks to expand its foothold in...
Paramount’s $110 billion Warner Bros deal likely to secure FCC backing, FT reports
U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount’s $110 billion deal to buy Warner Bros and played down competition concerns over a...
Thoma Bravo nears deal for WWEX to create $12 billion shipping tech firm, Bloomberg News reports
U.S. private equity firm Thoma Bravo is in advanced talks to buy third-party logistics provider WWEX Group to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday...
BlackRock to sell its 11.4% stake in Spanish energy firm Naturgy
BlackRock has appointed J.P. Morgan and Goldman Sachs to sell its remaining 11.4% stake in Spanish energy firm Naturgy through an accelerated bookbuild offering, a market filing showed on Monday. BlackRock in...
NCLAT dismisses Dhoot brothers’ plea in ₹5,354 crore SBI insolvency case
The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default...
