Carrier will sell its Industrial Fire division to Sentinel Capital Partners in a $1.43 billion deal, the company said on Tuesday, pressing ahead with the divestment of non-core assets to focus on heating and cooling...
Trafigura to acquire Greenergy’s European business
Commodity trader Trafigura has agreed to acquire Greenergy’s European business from Brookfield Asset Management and its affiliate Brookfield Business Partners for an undisclosed sum, it said on Monday. Greenergy...
Suven Pharma, Cohance Lifesciences to merge to bolster CDMO business
Suven Pharmaceuticals Ltd and Cohance Lifesciences Ltd signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing...
Dubai to sell 25% stake in public parking business via IPO
The Dubai government is selling a 24.99% stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate’s first privatisation deal this year, Parkin...
Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
German food delivery company Delivery Hero said that the ongoing talks for the potential sale of its foodpanda business in selected markets in Southeast Asia have been terminated. The parties could not reach final...
Gabon to buy Carlyle’s oil business, preempting $1.3 bln sale
Gabon’s national oil company has agreed to acquire Carlyle’s Assala Energy after it used its right to preempt the sale of the business for $1.3 billion to France’s Maurel & Prom, the firms said on...
Tata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering a potential spinoff of its battery business, according to people familiar with the matter, as the Indian conglomerate expands its foray in the country’s renewable-energy and electric-vehicle...
Achmea in talks with NN Group, Athora to sell life insurance business, sources say
Dutch insurer Achmea has held early stage discussions about a potential sale of its life insurance operations, including with rivals NN Group and Apollo Global Management-backed Athora, four people familiar with the...
Shankara Building Products separates its trading & marketplace business for independent growth
Recently, Shankara Building Products Limited announced the demerger of its trading/building material marketplace business from its manufacturing business. Shankara Building Products Limited (“Demerged Company” or...
KKR to split RE Sustainability, sell industrial waste management business
KKR & Co. plans to split India’s largest waste management company Re Sustainability Ltd and sell its industrial waste management business at a valuation of at least $1 billion, or ₹8,300 crore, multiple people...
Tellurian explores sale of upstream business to finance Driftwood LNG
Tellurian is exploring the sale of its Haynesville upstream business in East Texas and Louisiana, the liquefied natural gas (LNG) firm said on Tuesday, as it looks to raise capital for its Driftwood LNG project. The...
Telkom Indonesia looking to sell stake in data centre business, to conclude deal by H2
Indonesia’s state-owned communication giant Telkom Indonesia is considering selling a stake in its data centre business and is expected to finish the selling process in the second half of this year. The group is...