The EU Commissioner for Financial Services, when asked on Friday about German resistance to UniCredit’s attempts to take over Commerzbank, lamented obstacles to the creation of larger European banks...
Angola bids for majority stake in De Beers, source says
Angola has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana which is also seeking control of...
SNB sells Rio Tinto stake in new divestment from extractive industries
The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto, adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Unsere (Our) SNB, a collection of...
Grindr shareholders offer to take dating app private for $3.46 billion
Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3...
Plymouth Industrial to be taken private by Makarora, Ares for $2.1 billion
Plymouth Industrial REIT said on Friday it would be taken private by Makarora Management and Ares Management, in a deal worth about $2.1 billion including debt, after it had received a buyout offer from Sixth Street...
CCI clears Torrent Pharma’s proposal to buy stake in JB Chemicals
Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd’s proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The...
Europe firms agree satellite merger to counter Starlink
European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by...
Premier Energies forays into transformer manufacturing by acquiring 51% stake in Transcon
Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key...
Federal Bank to sell minority stake to Blackstone affiliate for Rs 6,200 crore
The Board members of Federal Bank on Friday approved sale of 9.99% stake to an affiliate of U.S. private equity firm Blackstone. The transaction is said to be executed via preferential equity shares and warrants for Rs...
Bengaluru-based Strategic Technology Consulting Firm Appiness Acquires San Francisco-based AI Specialist iLumaLab
Appiness Interactive Private Limited, a Bengaluru-based strategic business consulting firm specialising in solving complex challenges through cutting-edge digital and technology solutions, has announced the acquisition...
David Ellison’s Paramount seen as front-runner for Warner Bros Discovery deal
David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in...
Goldman Sachs nears $1 billion deal for majority stake in Excel Sports, FT reports
Goldman Sachs is nearing a deal to buy a majority stake in talent agency Excel Sports Management at a valuation of about $1 billion, the Financial Times reported on Thursday, citing two people familiar with the matter...
