Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
TotalEnergies to offload 6% stake in Adani Green Energy
TotalEnergies is preparing to sell up to 6% stake in Adani Green Energy (AGEL), according to people familiar with the development. The French energy major currently holds almost 19% in Adani Group’s renewable energy arm...
FinMin renews merger proposal of state-owned general insurance companies
The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale...
White Oak, Siguler Guff, Creador buy into La Renon Pharma
An investor consortium comprising White Oak Capital Management, US private equity firm Siguler Guff, and Kuala Lumpur-based Creador has acquired about 10% of the pharmaceutical company La Renon Healthcare, said people...
Adani Enterprises JV acquires Trade Castle Tech Park for Rs 231 cr
Adani Enterprises on Thursday announced that its joint venture AdaniConneX has acquired Trade Castle Tech Park for a consideration of Rs 231.34 crore, in order to set up infrastructure facilities. AdaniConneX Private...
Authum Investment & Infrastructure completes acquisition of BIC Cello
Authum Investment & Infrastructure has completed the acquisition of BIC Cello (India). As part of the transaction, the Company has purchased a total of 4,14,87,608 equity shares from the existing shareholders of BIC...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada’s Teck Resources were set to vote on a $60...
Australia’s Macquarie bids $7.5 billion for logistics group Qube
Shares of Australian industrial logistics group Qube Holdings hit an all-time high on Monday after it said it received an A$11.6 billion ($7.5 billion) buyout bid from Macquarie Asset Management (MAM). Shares in Qube...
Blue Owl considers reviving merger of private credit funds, contingent on fund’s share price, sources say
Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor...
Portugal says only Europe’s three largest airlines showed interest in TAP privatisation
Portugal’s state holding company Parpublica said on Saturday it had received only three expressions of interest in a minority stake in flag carrier TAP, all from Europe’s largest airlines and none from...
Daily Mail owner strikes $650 million deal to buy the Telegraph
Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in...
Australia’s Webjet Group draws sweetened buyout bid from BGH Capital as bidding war brews
Australia’s Webjet Group became the centre of a potential takeover tussle on Friday after private equity firm BGH Capital lifted its bid to A$0.91 a share, edging past a rival approach from Helloworld Travel...
