A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment from...
Crypto giant Tether tests Agnelli family resolve with all cash bid for Juventus
The Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, sources close to the family’s holding company Exor said, after Tether bid for Italy’s most historically...
China’s Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
SolGold said on Friday it was “minded to recommend” an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global...
Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says
The German government is in early deliberations to acquire a majority stake in TenneT’s German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday...
Harbour Energy to acquire North Sea assets for $170 million, shares rise 6%
Harbour Energy said on Friday it had agreed to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production in the UK North Sea fields, currently in administration, for $170 million, sending its shares...
UK’s Aberdeen to acquire $2 billion of US closed-end assets
British money manager Aberdeen said on Friday it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S...
Tata Steel announces growth plan for India, confirms Thriveni stake buy
Tata Steel announced the next phase of growth for its business in India on Wednesday. This includes expanding capacity at Neelachal Ispat Nigam, setting up rolling facilities at its plant in Meramandali, buying a 50.01%...
Fairfax emerges as frontrunner to acquire government-LIC stake in IDBI Bank
Toronto-based Fairfax Financial is leading the race to acquire a controlling stake in IDBI Bank from the Centre and Life Insurance Corp of India (LIC) ahead of a December-end deadline for submission of financial bids...
Honasa Consumer acquires personal care brand Reginald Men
Honasa Consumer, the parent company of beauty and personal care firm Mamaearth, has entered the men’s grooming segment with the acquisition of the brand Reginald Men. The Gurugram-based company initially acquired a 95%...
Chalet Hotels acquires resort property in Udaipur for ₹171 crore
Chalet Hotels announced the proposed acquisition of a company owning a resort property in Udaipur, Rajasthan, with around 150 rooms, on Thursday. The company said the acquisition is at a proposed consideration of ₹171...
Jhunjhunwala family, Madhu Kela queue up to pick ICICI Prudential AMC stake ahead of IPO
A clutch of 26 marquee investors, including the likes of the billionaire Jhunjhunwala family, Madhusudhan Kela, Manish Chokhani, and Prashant Jain, have picked up a stake in ICICI Prudential Asset Management...
Prestige Estates rises 2% as unit acquires stake in Bharatnagar Buildcon
Shares of Prestige Estates Projects Ltd. rose over 2 per cent on Thursday after the company’s subsidiaries, Prestige Falcon Realty and Prestige Projects, acquired a partnership interest worth ₹938.75 crore in...
