Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move...
Angermayer’s Enhanced to list on Nasdaq in $1.2 billion SPAC deal
Sports technology firm Enhanced said on Wednesday it will go public in the U.S. through a merger with special purpose acquisition company A Paradise Acquisition Corp, in a deal valued at $1.2 billion. Blank-check firms...
Brookfield, GIC offer record $2.6 billion for Australia’s National Storage
Australia’s National Storage REIT said on Wednesday it had received a A$4.02 billion ($2.61 billion) buyout offer from a consortium of Brookfield and Singapore’s GIC in what would be the country’s biggest...
IT services firm Xoriant acquires TestDevLab to deepen European footprint
Mid-sized IT services company Xoriant announced the acquisition of TestDevLab, a Latvia‑headquartered software quality engineering company, to strengthen its presence in the European region. While the companies did not...
Eris Lifesciences shares in focus on move to acquire Swiss Parenterals in Rs 423 crore deal
Shares of Eris Lifesciences Ltd will be in focus heading into trade on Tuesday, November 25, after the company said it has initiated a full takeover of its injectable manufacturing arm, Swiss Parenterals, by purchasing...
CCI clears ICICI Prudential AMC’s proposal to acquire certain biz units of ICICI Venture Fund
Fair trade regulator CCI on Tuesday cleared the proposal of ICICI Prudential Asset Management Company to acquire certain businesses from ICICI Venture Funds Management Company. “The proposed combination involves...
Canada’s CPPIB, Indospace acquire six logistics parks worth $336 million
Indian warehouse developer IndoSpace and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they acquired six industrial and logistics parks worth 30 billion rupees ($336.26 million) through their joint...
Unimech Aerospace rises 3% on plans to acquire stake in Dheya Engineering
Shares of Unimech Aerospace and Manufacturing Ltd. rose nearly 3 per cent on Wednesday after it approved an investment of up to ₹5.53 crore to acquire 29.99 per cent stake in Dheya Engineering Technologies. The...
Mittal-led promoter entity to sell 0.6% stake in Bharti Airtel via bulk deal
Bharti Airtel Ltd’s promoter group entity, Indian Continent Investment, is set to sell a 0.56% stake at around $806 million ( ₹7,191 crore) in the telecom operator, according to deal terms. The Sunil Mittal-led promoter...
US judge approves bid from Elliott affiliate for Citgo Petroleum parent
A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum’s parent, clearing the way to order the sale of Venezuela...
South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
South Korea’s HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wednesday. Under the...
Saudi wealth fund PIF to sell 3.3% stake in Mecca project developer
Saudi Arabia’s public wealth fund PIF plans to sell 3.3% of its stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild, one of the banks arranging the deal said on Tuesday. The...
