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...
Sunoco to buy NuStar Energy in $7.3 bln deal as it expands midstream business
Sunoco said it would acquire fuels storage and pipeline operator NuStar Energy in a deal valued at about $7.3 billion including debt, as it tries to diversify its core business beyond distribution of motor fuels. The...
Promoters of DCM Shriram Industries are on their way to segregate their businesses with Streamlined Promoter Holding
The Board of Directors of DCM Shriram Industries Limited approved a Composite Scheme of Arrangement (“Scheme”) which inter-alia provides for separation of Rayon & Chemical undertakings into respective separate...
Brookfield to buy ATC Indian business for $2 billion, signing today
Canada’s Brookfield has trumped Miami-based infrastructure investment group, I Squared Capital, to acquire 100% of India unit of Boston-based American Tower Corp (ATC) in a $2.5 billion all-cash deal. The signing...
HSBC completes sale of retail banking business in France
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement...
Lionsgate to spin off studio business in $4.6-billion SPAC deal
Lionsgate will spin off its studio unit in a blank-check deal that values the business behind the “Hunger Games” and “John Wick” movie franchises at about $4.6 billion including debt, the company...
TBO Tek buys Jumbo’s online business to expand global footprint
General Atlantic backed global travel distribution platform TBO Tek Limited-that has filed its draft IPO papers with Sebi, told ET it has signed a deal to acquire the online business of Jumbo Tours Group of Spain...
ADM to buy UK-based firm to boost nutrition business
U.S. agribusiness Archer-Daniels-Midland said it would buy UK-based flavor and ingredient firm FDL, as the company looks to expand its nutrition business. ADM, one of the world’s largest grain traders and a major...
Biocon weighs sale of $1.5 billion generic API business
Biocon is evaluating a plan to sell its generic active pharmaceutical ingredient (API) business – estimated to be worth $1.5 billion – to reduce its overall debt, though it is yet to take any concrete...