Denmark’s A.P. Moller-Maersk, the world’s largest container shipping group, is ready to use its financial muscle to swallow up struggling competitors as the industry heads for further consolidation, the...
Srei unit Quippo in talks to buy assets of GOL Offshore
Quippo Oil & Gas Infrastructure Ltd, a unit of Srei Infrastructure Finance Ltd, is in talks to buy the assets of GOL Offshore Ltd, two people familiar with the development said. GOL Offshore is one of the largest...
Brookfield close to buying remaining Gammon Infrastructure assets
Mumbai: Canadian asset manager Brookfield is closing the purchase of three remaining assets from Gammon Infrastructure Projects Ltd, with which it had entered into a transaction to buy a total of nine assets in August...
German ministry to fight court decision blocking supermarket merger
Germany’s Economy Ministry said on Monday it was taking legal action against a court’s decision to block government-approved plans by the supermarket group Edeka to buy its rival Kaiser’s, owned by...
Start-ups take the merger route in quest for profitability
For start-ups getting into partnerships in their quest to find success and profitability has become the new big thing. For start-ups getting into partnerships in their quest to find success and profitability has become...
Billionaire Roekke Forces New Merger in Norway Oil Industry
Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in...
MNC port services majors in talks to buy Ocean Sparkle
MUMBAI: Denmark’s Svitzer, Japan’s K Line and Australia’s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in...
Hapag-Lloyd warns on profit, seals UASC merger deal
German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world’s fifth-largest shipping company in response to a global...
M&A Happenings : June 2016
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals June 2016 April 2016 Agriculture 1 3 Chemicals 4 3 Entertainments – 5 Financial Services 7 16 Information Technology 1 11 Investment...
Hapag-Lloyd agrees merger terms with shipping peer UASC
German container shipping line Hapag-Lloyd AG (HLAG.DE) has agreed on a merger deal with United Arab Shipping Company (UASC), creating a group with an estimated value of 7 to 8 billion euros($7.7-8.9 billion), as both...
M&A deal value in the power sector surges one and half times
KOLKATA: The Indian power sector witnessed one and half times rise in mergers and acquisitions during the period January to May 2016. The period witnessed 17 deals valued at $1.6 billion against 15 deals and deal value...
Frontline to acquire VLCC newbuilding contracts
Frontline Ltd * Deal for purchase price of $84 million each * Vessels are due for delivery in September and November 2016 * Has also secured options for two additional sister vessels with delivery in January and March...