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...
Barclays shifts focus to buyout firms for UK payments business sale – sources
Barclays plc is sounding out private equity firms about taking a majority stake in its UK merchant payments business, after overtures to trade buyers yielded muted interest, three people familiar with the matter said...
Cigna sells Medicare business to Health Care Service for $3.3 bln
Insurer Health Care Service Corp said on Wednesday it would buy Cigna’s Medicare business that manages government-backed health insurance for people aged 65 and older for $3.3 billion in cash. The sale consists of...
Aster DM shareholders approve sale of Gulf business
Aster DM Healthcare said its shareholders have voted in favour of resolutions towards the separation of the GCC business from the Indian operations, and the sale of majority stake in the Gulf business to private equity...
Bharti Group in talks with SBI Life, others to sell insurance business
Bharti Group is in advanced talks with SBI Life and some other insurers to sell its now wholly owned life insurance venture Bharti AXA Life Insurance, people aware of the negotiations told ET. The move comes after...