Consortiums led by Canada’s Brookfield Asset Management Inc (BAMa.TO) and Australia’s Qube Holdings (QUB.AX) are considering joining forces to make a A$9 billion ($6.5 billion) bid for Asciano Ltd (AIO.AX)...
KKR, UltraTech & Dalmia in race to buy Jaypee’s cement business in Rs 18,000-crore Deal
US buyout firm KKR and India’s largest cement maker, Ultra-Tech, are in the race to acquire the cement division of Jaiprakash Associates, two people familiar with the matter said. Besides these two, Dalmia Bharat...
Epiq Systems in renewed discussions to sell itself
Epiq Systems Inc (EPIQ.O) is in new talks to sell itself, as a drop in the value of the U.S. legal software company’s shares has made it attractive to potential buyers, according to people familiar with the matter...
Jumeirah Golf ties up with SPF Realty to sell projects.
Dubai-based Jumeirah Golf Estates has tied up with SPF Realty, a brokerage, to sell properties to Indian investors. SPF will organise a private event in Delhi on February 27 to showcase the Jumeirah’s three key...
Brazil Wind Farms on Sale as Weak Economy Spurs Demand for Cash
Brazil’s slumping economy and plunging currency have clean-energy companies seeking to sell wind farms to boost liquidity. “There are many wind assets on sale as we experience a moment where energy companies are...
Strategic Debt Restructuring- A Short in The Arm for Banks
With rising non-performing loans (NPAs) or stressed loans of banks, the Reserve Bank of India (RBI) has come out with Strategic Debt Restructuring (SDR) scheme which will enable banks to recover their bad loans by...
Snapdeal to route new funding into logistics, fintech
Backed by Japan’s SoftBank Group Corp, Snapdeal plans to spend more on logistics and technology to better compete with Flipkart and Amazon India Online marketplace player Snapdeal said the $200 million investment...
Strategic Debt Restructuring
Strategic Debt Restructuring – A short in the arm for banks With rising non-performing loans (NPAs) or stressed loans of banks, the Reserve Bank of India (RBI) has come out with Strategic Debt Restructuring (SDR)...
First International may acquire stake in Electrosteel.
International Group has emerged as the most likely candidate for acquiring a controlling stake in financially troubled Electrosteel Steels, the first company that lenders have put on the block as part of the strategic...
Adani’s Power
CURRENT TRANSACTION Adani Power Limited, a subsidiary of Adani Enterprises Ltd and a part of Adani Group, had executed a definitive agreement for the acquisition of 100% shares of the Udupi Power Corporation Limited...
Haier’s GE unit buy highlights growing China M&A maturity
In the lead up to General Electric Co’s appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global M&A deal. While informal discussions centered around a...
FireEye buys cyber intelligence firm iSight Partners for $200 million
FireEye Inc said on Wednesday it paid $200 million to buy privately held iSight Partners in a move to boost its cyber intelligence offerings for governments and businesses as the sector consolidates. The deal brings...