Goldman Sachs expects mergers and acquisitions activity to be on the upswing this year despite the disruption caused by the U.S.-Israeli war on Iran, CEO David Solomon said on Friday. “While it is difficult to...
Amazon acquires Swiss robotics company Rivr to test robots for doorstep delivery
Amazon has acquired Swiss robotics company Rivr to strengthen its doorstep delivery capabilities. The acquisition took place earlier this week. However, the terms of the deal have not been disclosed. The development...
Ecolab to acquire AI data center cooling tech firm for $5 billion
Water solutions company Ecolab said on Friday it has agreed to acquire CoolIT Systems, a liquid cooling technology provider for AI data centers, from KKR for $4.75 billion in cash. The global appetite for data...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
Kotak Bank set to acquire Deutsche’s retail business in Rs 4,500-crore deal
Kotak Mahindra Bank is one step closer to acquiring the India retail business of Deutsche Bank in a deal valued at about Rs 4,500 crore after being selected as the preferred buyer, multiple people familiar with the...
360 ONE to finance AIMS founder’s stake buyback
360 ONE Asset is set to back Asian Institute of Medical Sciences (AIMS) founder Narendra Pandey to buy back a 49% stake that private equity investors hold in the Faridabad hospital, people familiar with the matter said...
NCLT allows withdrawal of insolvency proceedings against ATS group project
The National Company Law Tribunal has allowed the withdrawal of ATS Group’s premium Noida project ATS Knightsbridge from the corporate insolvency resolution process (CIRP), giving relief to homebuyers. The withdrawal...
Kotak Mahindra Bank arm KMCC to sell part stake in Infina for Rs 1,294 crore
Kotak Mahindra Bank on Saturday said its wholly owned subsidiary Kotak Mahindra Capital Company Limited has entered into definitive agreements to sell part of its stake in Infina Finance Private Limited for an aggregate...
Euro Pratik Sales acquires majority stake in Chawla Brothers
Euro Pratik Sales announced the acquisition of a 51% stake in Chawla Brothers, a well-established decorative surfaces business in North India. The acquisition, valued at Rs 33.2 crore (including capital infusion of Rs 4...
Italy’s Poste launches $12.5 bln cash-and-share bid to buy Telecom Italia
Italian majority-state-owned national postal service Poste Italiane said on Sunday it was launching a cash-and-share offer to buy former phone monopoly Telecom Italia (TIM) for 10.8 billion euros ($12.5 billion)...
UniCredit weighs three options to potentially sweeten Commerzbank bid, Il Messaggero says
UniCredit is weighing three options to potentially sweeten its all-share takeover offer for Commerzbank, Italian daily Il Messaggero reported on Sunday without citing sources. A representative for UniCredit referred...
Spire says sale talks continue after Bridgepoint, Triton walk away
Spire Healthcare said on Friday that buyout talks with private equity firms Bridgepoint and Triton have ended, but it was still in discussions with other parties for a potential sale. “There can be no certainty...
