UnitedHealth Group has agreed to sell its last South American business Banmedica to Brazilian private equity group Patria Investments for $1 billion, two sources with knowledge of the matter said on Sunday. The final...
Paschi, Investors Coordinated to Buy Mediobanca, Prosecutors Say
Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio and two prominent Italian investors allegedly coordinated actions to seize control of Mediobanca SpA and tighten their grip on Assicurazioni...
Whirlpool offloads 11.2% stake in Indian unit through bulk deals
American appliance manufacturer Whirlpool Corp on Thursday sold an 11.2% stake in its Indian listed unit, Whirlpool of India, through bulk deals as part of a plan to reduce its shareholding to around 20% from 51%...
CarTrade, CarDekho parent end acquisition talks
Auto marketplace CarTrade Tech has ended discussions with Girnar Software to acquire CarDekho and BikeDekho, its automotive classified businesses. “We wish to inform you that the parties have mutually decided not to...
Hong Kong firm to acquire 25% stake in Pro Fin Capital Services
Hong Kong-based Excellence Creative plans to acquire a 25 per cent equity share capital in Pro Fin Capital Services at a price of Rs 22 per share. The Board of Directors of Pro Fin Capital Services, a company engaged in...
Vertoz to acquire marketing automation firm Webimax
MadTech and cloudtech company Vertoz on Wednesday said it has signed a definitive agreement to acquire 100 per cent stake of marketing automation company Webimax Llc at an enterprise value of USD 6.6 million (around Rs...
Leela Palaces acquires 25% stake in Dubai’s Sofitel The Palm FZE
Brookfield-backed Leela Palaces, Hotels and Resorts on Thursday announced that its wholly owned overseas subsidiary, Aries Holdings, through its subsidiary Boron Holdings, has acquired 25 per cent of Sofitel The Palm...
TVS Srichakra acquires minor stake in Navia Two Power
TVS Srichakra has acquired 5,915 equity shares of Rs 10 each, representing 5.92% of the equity share capital of Navia Two Power (Navia), for a total consideration of Rs. 59,150/- for purchase of renewable energy under...
China’s Anta Sports and Li Ning exploring bid for Puma, source says
Chinese sportswear firms Anta Sports Products and Li Ning are among those exploring a potential takeover of struggling German sportswear brand Puma, a source with knowledge of the matter said on Thursday. Both Hong Kong...
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say
Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people...
NatWest in exclusive talks to sell Cushon to Willis Towers Watson, sources said
NatWest Group is in exclusive talks to sell its 85% stake in workplace pension provider Cushon to U.S. insurance broker Willis Towers Watson just two years after the British bank acquired the business, two people with...
Italy conditionally approves Chinese JD.com’s takeover of Ceconomy
Italy’s government has given its conditional approval to Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a parliamentary document showed on Thursday. Using its so-called...
