The strategic disinvestment of government’s equity in Rashtriya Ispat Nigam Limited (RINL) would lead to infusion of capital, expansion of capacity, infusion of technology and better management practices, Union...
Spain’s ACS plans to sell renewable business Zero-E, Expansion says
Spanish engineering group ACS is planning to sell its renewable energy unit Zero-E, which could be worth 1 billion euros ($1.14 billion), Expansion newspaper reported on Thursday, citing unidentified market sources. ACS...
Orange in talks to merge its Spanish unit with rival MasMovil, Expansion says
French telecom operator Orange is exploring merging its Spanish unit, the country’s second largest, with local rival MasMovil, Expansion newspaper reported on Tuesday, citing unidentified market sources. The...
France’s Antin plans to sell Spanish telecom Lyntia, Expansion reports
French infrastructure company Antin plans to put Spanish optic fibre network Lyntia up for sale in mid-January, newspaper Expansion reported on Monday, citing unidentified market sources. Lyntia could be worth up to 4...
Australia’s Woodside sells stake in Pluto LNG plant expansion to private equity firm GIP
Australia’s Woodside Petroleum on Monday took a big step toward funding its biggest growth project, announcing the sale of a 49% stake in the planned expansion of its Pluto liquefied natural gas (LNG) plant in...
Cheniere to sell LNG to Glencore, keeping expansion plan on track
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday that its marketing arm will sell LNG to a unit of Glencore PLC, moving Cheniere’s proposed Stage 3 expansion of its Texas export plant...
KKR, Allianz, Axa to bid on Red Electrica’s fibre unit, Expansion says
KKR, Axa and Allianz will participate in an auction for a 49% stake in the fibre-optic subsidiary of Spanish grid operator Red Electrica, newspaper Expansion reported on Monday, citing unnamed sources. The subsidiary...
Twin Health raises $140 mn for expansion
Healthtech startup, Twin Health, Thursday said it has raised $140 million (roughly ₹1000 crore) in Series C funding from Sequoia Capital India, ICONIQ Capital, Perceptive Advisors, Corner Ventures, LTS Investments...
Byju’s buys coding site Tynker to beef up US expansion
Byju’s has acquired US-based coding platform Tynker in a stock-and-cash deal, as India’s most valued edtech startup continues to expand operations globally. Neither of the companies disclosed the financial terms, but a...
HSBC snaps up Axa Singapore assets for $575 mln in Asia expansion
HSBC Holdings has agreed to acquire French insurer Axa’s Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income. HSBC said in a statement...
Karnataka Milk Federation to invest Rs 1000 crore for expansion in Maharashtra through acquisition route
On the spree of major expansion in the Maharashtra market by entering into newer markets of Vidarbha, Karnataka Milk Federation (KMF), which owns “Nandini” the second-largest milk brand in the country, has planned...
Spain’s BBVA to sell custodian unit for 400 million euros, Expansion says
Spanish bank BBVA plans to sell its depositary unit for 400 million euros ($475 million), newspaper Expansion reported on Monday, citing unidentified financial sources. The bank is handling the sale itself and expects...