Spanish oil company Repsol is in negotiations to sell a stake in its renewable energy unit, a move to help fund its strategic plan through 2027, according to four sources with knowledge of the talks. The company has...
Coromandel to acquire additional 7 pc stake in Dhaksha, invest Rs 150 crore
Coromandel International Ltd on Monday announced the acquisition of an additional 7 per cent stake in Chennai-based drone manufacturing firm Dhaksha Unmanned Systems with an investment of Rs 150 crore. The proceeds from...
TVS Motors issuances of convertible preference shares as bonus instead of dividend
Recently, well known auto manufacturer announced the issuance of preference shares as a bonus to all equity shareholders. In the past, many listed companies have issued preference shares as a bonus. In this article, we...
EU clears $14.9 bln purchase of U.S. Steel by Japan’s Nippon
The European Union cleared U.S. Steel’s $14.9 billion buyout by Japan’s Nippon Steel on Monday, allaying competition concerns from a deal that has drawn political opposition in the United States. The...
DoJ seeks more details from US Steel, Nippon Steel on proposed merger
The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel’s proposed $15 billion takeover of U.S. Steel, the American firm said on Thursday...
WEC Energy to acquire majority stake in Dallas solar project
U.S. electric utility WEC Energy Group said on Monday it will acquire 90% ownership stake in a solar project located near Dallas, Texas for about $459 million. The 300-megawatt solar project Delilah I is developed by...
Sandur Manganese to foray into speciality steel with buyout of Arjas Steel
Sandur Manganese and Iron Ore is foraying into the speciality steel sector in India with the buyout of Arjas Steel, which is among the top five producers of speciality steel products in the country. Sandur Manganese...
Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky
Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to...
Macquarie drops plan to sell India clean energy company Vibrant
Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...
Bunge-Viterra agriculture merger runs into Canada competition concerns
Canada’s Competition Bureau on Tuesday said it found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global...
Kroger, Albertsons to sell 166 more stores seeking approval of $25 billion merger
Kroger and Albertsons Cos are expanding their planned sale of grocery stores, offloading 166 more locations than previously agreed upon to C&S Wholesale Grocers as they work to get regulatory approval for their...