The government is not in favor of merging Vodafone Idea and state-owned BSNL and MTNL, a TOI report said, quoting multiple sources. “Multiple and strong logical reasons” suggest “outright rejection” of any proposal that...
Colombia’s Ecopetrol to buy government stake in ISA for $3.58 billion
Colombia’s majority state-owned oil company Ecopetrol has agreed to buy the government’s 51.4% stake in conglomerate ISA for 14.2 trillion pesos ($3.58 billion), the company said on Wednesday. Ecopetrol will purchase...
Spanish government approves Unicaja’s acquisition of Liberbank
The Spanish government has approved Unicaja’s acquisition of Liberbank, the lenders said on Monday, lowering Spain’s number of banks to 10 from 55 before the 2008 economic crisis. Following the Economy Ministry’s...
Government to first gauge investor response to IDBI stake sale
The government will likely wait till the completion of its stake sale in IDBI Bank and watch investor response before going ahead with the privatisation of other state-run lenders. The response and challenges will be...
British government plans sale of broadcaster Channel 4
Britain’s Conservative government said on Wednesday it was planning to sell Channel 4, launched 39 years ago as an alternative to the BBC and ITV, to help secure its future as a public service broadcaster. The...
South African government sells majority stake in airline SAA to consortium
The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more than 3 billion rand ($221 million) to give the struggling airline a new lease of...
Government considering FDI policy tweak to facilitate BPCL privatisation
The government is considering a tweak in the current foreign direct investment (FDI) policy to allow overseas investors to pick up majority stake in India’s second-biggest oil refiner Bharat Petroleum Corp Ltd...
Government stake sale will not affect IDBI’s plans: IDBI Bank CEO
IDBI Bank will continue to be a professionally managed organisation after the government’s stake sale. Its new shareholders will be able to voice their opinions only on the board. Bidders would also have to clear the...
Dutch government aware of reported takeover offers for KPN
The Dutch government, which can block takeovers of Dutch telecoms companies if such deals are deemed a threat to national security, on Monday said it was aware of reports of rejected private equity bids to buy KPN. The...
Government exits from Tata Communications, nets Rs 8,846 crore
The government has fully exited Tata Communications Ltd by selling its 26.12% stake and has netted Rs 8,846 crore in the process, the department of investment and public asset management (DIPAM) said Monday. The...
Government to sell remaining stake in Delhi, Mumbai, Bangalore, Hyderabad airports
The aviation ministry is preparing to sell its stakes in companies that operate airports in Delhi, Mumbai, Bengaluru and Hyderabad, a move that will help achieve the government’s target of raising ₹20,000 crore from...
Government to spin-off NDR into separate company to boost oil, gas exploration
The government will create a company to own and operate India’s maiden National Data Repository (NDR) that stores information on the vast sedimentary basins in a bid to boost oil and gas exploration and...