Almas Global Opportunity Fund SPC (AGOF), part of the consortium that won the bid for Pawan Hans, on Tuesday said it has initiated the process to appeal against an NCLT order with respect to the fund acquiring bankrupt...
Reliance Industries eyes billion-dollar REC buy from ChemChina for solar push
Reliance Industries (RIL) is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina), said people aware of the matter. The purchase...
Australia’s South32 to sell manganese alloy smelter TEMCO to UK’s GFG Alliance
Australian diversified miner South 32 Ltd said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will...
ChemChina buys Gazprom Neft’s first Arctic oil cargo for China: sources
Russia’s Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday. This week, Gazprom Neft said it had sent 144,000 tonnes of light Novy...
PEs in talks for Emcure stake; promoters eye $2 billion valuation
A clutch of global private equity funds such as Apax Partners, Carlyle and Advent International are exploring options to acquire 10-15 per cent stake in Emcure Pharma, a Pune-based drug manufacturer. Emcure plans to...
ChemChina, Sinochem merge agricultural assets: Syngenta
ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen...
McNally Bharat Engineering reclassifies EMC as its promoter shareholder
McNally Bharat Engineering (MBEL), an associate company of the Williamson Magor Group (WMG) has reclassified its former promoter EMC Ltd as a public shareholder in the firm even as MBEL faces insolvency proceedings...
France’s Engie is weighing a takeover of Emcor: Bloomberg
French utility Engie SA is considering a takeover of Emcor Group Inc, as it seeks to expand in the U.S. market, Bloomberg said on Saturday, citing people familiar with the matter. Engie is working with advisers to...
NCLT admits insolvency plea against power company EMC
The National Company Law Tribunal’s Kolkata bench has admitted the insolvency plea against power transmission company EMC, which has defaulted on payments to the tune of Rs 6,500 crore to banks and other creditors, two...
Indo Amines to be merged with Core Chemcials and Key Organics
Chemicals manufacturer Indo Amines NSE 0.00 % is going to merge itself with Core Chemicals and Key Organics, a wholly owned subsidiary of Indo Amines, the company informed the Bombay Stock Exchange on Thursday. The...
China’s ChemChina, Sinochem set to merge – Caixin
Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report...
SSG Capital Management in talks to buy stake in Emco Ltd
Asia-focused special situations investment firm SSG Capital Management Ltd is interested in acquiring a stake in transformer maker Emco Ltd, said two people aware of the development. Emco is engaged in manufacturing...