Eight years after buying out French partner Danone from its flagship biscuit business, Nusli Wadia is now eyeing the stake of another European partner. Wadia Group, one of India’s oldest business conglomerates, has...
The Latest Acquisition Targets Are Indie Beauty Brands
More than half a century ago, Revlon founder Charles Revson famously described the true business of cosmetics makers: “We sell hope.” Today the same could be said about what the large, established beauty houses see in...
Taiwan’s Cathay Fin in talks to buy Bank of Nova Scotia’s Malaysia unit
Taiwan’s Cathay Financial Holding Co is in exclusive talks to acquire the Malaysian unit of Canada’s Bank of Nova Scotia, in a deal that could be valued at around $200 million to $300 million. If clinched...
Japan’s Toshiba prepares $2 billion sale of Landis+Gyr – sources
Japan’s Toshiba Corp (6502.T) is preparing a potential $2 billion divestment of smart meter group Landis+Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear unit last month, three people...
Ex-Korean minister charged with swaying Samsung merger vote
A former cabinet minister was arrested Saturday on charges that he illegally pressured the national pension fund to approve a merger between two Samsung subsidiaries, a deal that helped ensure that control of South...
Statistics indicate a good pipeline for M&A deals: Srividya Gopalakrishnan
Private equity (PE) funds in India continue to attract significant investments from limited partners as their overall return on the portfolio is good, even if they have not seen success on exits for every portfolio...
M&A activity at a record high of $69.75 billion
Indian merger and acquisition (M&A) activity rose to $69.75 billion across 1,195 announced transactions in 2016, a record level fuelled by a wave of consolidation and rising confidence in the country’s economic...
Essel group buys out two highway projects of Patel Engineering, KNR
Patel Engineering Limited and KNR Constructions Limited on Saturday signed a share purchase agreement to sell their entire equity stake in two road buy, operate and transfer (BOT) assets to an Essel group company. Both...
Polish Merger Market Heats Up as Growth, Nationalism Spur Deals
Poland’s sharp turn toward what its year-old government calls economic patriotism has activated the deal market. Economic growth at more than twice the rate of the euro area, a nationalist government that wants to forge...
ZEE to buy Anil Ambani’s Reliance Broadcast Networks for Rs 1,872 crore
MUMBAI: Ending months of negotiations, Subhash Chandra-promoted Zee Entertainment EnterprisesBSE -3.94 % (ZEE) has finally reached an agreement with Anil Ambani-owned Reliance BroadcastBSE 0.00 % Networks (RBN) to...
Dentsu Aegis acquires PR firm Perfect Relations
New Delhi: Dentsu Aegis Network on Monday said it has bought local public relations (PR) firm Perfect Relations Group, which will retain its branding. The acquisition further strengthens Dentsu’s overall communications...
Hindustan Powerprojects in talks to sell solar assets
Mumbai: Hindustan Powerprojects Pvt. Ltd has initiated discussions with investors to sell around 300 megawatts (MW) of solar assets, three people aware of the development said. The money could be used for expansion and...