Saudi Aramco said on Thursday it had completed the acquisition of a 22.5% stake in its refining and petrochemicals joint venture Petro Rabigh from Japan’s Sumitomo Chemical for 2.63 billion riyals ($701.8...
Life sciences companies may turn to spin-offs to avoid sell-offs
Big Pharma continues its hunt for innovation, and with uncertain market and regulatory conditions, some life sciences companies may be feeling the pressure to make their M&A exit or need additional funding in this...
Softbank’s PayPay buys 40% stake in Binance’s Japan to deepen push into digital payments
SoftBank’s payments app operator PayPay Corp has acquired a 40% equity stake in Binance Japan, the Japanese subsidiary of Binance said on Thursday, without disclosing details of the transaction. PayPay is the...
Lloyds to buy Schroders’ stake in UK wealth joint venture
Lloyds Banking Group is to buy out Schroders’ 49.9% stake in their UK wealth joint venture, the companies said on Thursday, as the British bank looks to expand in the so-called ‘mass affluent’ sector...
Mahindra Group weighs major restructuring; may spin off tractors, PVs & trucks into separate entities
Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate’s most significant...
Bankruptcy court approves KGS Sugar & Infra Corporation’s acquisition by Grainotch Industries
The National Company Law Tribunal (NCLT) has approved KGS Sugar & Infra Corporation’s acquisition by edible oil and spirit maker Grainotch Industries Ltd. Nashik-based KGS Sugar Infra Corporation has admitted...
Sembcorp to buy ReNew’s 300 MW solar power unit
Singapore-headquartered Sembcorp Industries has acquired a 300 MW solar power project in Rajasthan from ReNew Energy Global Plc at an enterprise value of $191 million, the two companies separately announced on Wednesday...
Shell to restart Sprng Energy sale process, ropes in Barclays
Shell PLC is set to revive the sale of Indian renewable power producer Sprng Energy and has appointed Barclays to advise on the potential sale, said people aware of the matter. A formal process will be launched within a...
SoftBank to acquire ABB’s $5.4 bn robotics arm, boosting global AI push
SoftBank Group on Wednesday announced it will acquire ABB’s robotics division, a Swiss company, for about $5.4 billion, Nikkei Asia reported. The move marks a major step in founder Masayoshi Son’s push into artificial...
MakeMyTrip partners with Google Cloud to enhance AI-powered travel planning
Online travel aggregator MakeMyTrip on Wednesday announced a partnership with Google Cloud to enhance its artificial intelligence (AI) platform Myra. The collaboration aims to simplify and personalise travel planning...
Roofing material firm TopBuild buys rival SPI after antitrust delay
TopBuild Corp said on Wednesday it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust...
Honeywell spinoff Solstice to continue M&A playbook post separation
Solstice Advanced Materials will continue to look for merger and acquisition opportunities as a standalone company, its CEO David Sewell said on Wednesday, seeking to emulate parent Honeywell’s deal-making...
