BlackRock has sold a 7.1% stake in Spanish gas utility Naturgy for around 1.7 billion euros ($1.99 billion) through an accelerated bookbuild placement managed by JPMorgan, the firm said on Thursday. The transaction...
Virtusa acquires Bengaluru based SmartSoC Solutions
Product and platform engineering services company Virtusa on Wednesday announced the acquisition of Bengaluru-based SmartSoC Solutions, a semiconductor engineering and integrated circuit design services company. It did...
TCS to acquire Coastal Cloud for $700 million in all-cash deal
IT major Tata Consultancy Services (TCS) has announced that it will acquire a 100% stake in Coastal Cloud for an all-cash consideration of $700 million (nearly Rs 6,286 crore). This marks the largest acquisition by the...
Leo Dryfruits & Spices Trading Limited enters into a Share Purchase Agreement to acquire 60% stake STK Food Processing Pvt. Ltd.
Leo Dryfruits & Spices Trading Limited (“Leo Dryfruits”) (BSE: 544329), a leading player in the premium dry fruits, spices, and namkeen segment, has entered into a Share Purchase Agreement to acquire a...
CCI approves acquisition of controlling stake in Sammaan Capital by Avenir Investment RSC
Sammaan Capital announced that the Competition Commission of India has approved the proposed acquisition of a controlling stake in the company by Avenir Investment RSC (Investor), which is owned and controlled by...
WTW to buy brokerage firm Newfront in up to $1.3 billion deal
Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage. The deal will be through a $1.05 billion...
Rheinmetall CEO makes fresh pitch to buy part of KNDS NV, Bloomberg reports
Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate the continent’s fragmented market, Bloomberg...
BlackRock to sell 7% stake in Naturgy in accelerated sale
BlackRock plans to sell around 69 million shares in Spanish gas utility Naturgy, equivalent to 7.1% of the company, in an accelerated bookbuild placement managed by JP Morgan, the firm said on Wednesday. The...
First Brands financier Raistone nearing sale, FT reports
Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people familiar with the...
Brazil’s antitrust body approves Petz-Cobasi merger with restrictions
Brazil’s antitrust authority CADE’s administrative tribunal approved on Wednesday the merger of the country’s two largest pet product retailers, Petz and Cobasi. CADE approved the deal with...
Tata Steel to acquire majority stake in Thriveni Pellets to boost raw material supply chain
Tata Steel is set to acquire a 50.01% stake in Odisha-based miner Thriveni Pellets, multiple people aware of the development said, without disclosing financial and other details. The proposed deal with Thriveni group...
United Hospitality Management expands into India with acquisition of Rosastays
Luxury and mixed use hospitality management firm United Hospitality Management (UHM) said it has officially entered the Indian market, through the acquisition of boutique hospitality brand Rosastays. The company’s India...
