Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring...
Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn
Bank of Tokyo-Mitsubishi UFJ (MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision...
Japan’s Seven & i says it is considering sale of superstore operations
Japanese retailer Seven & i Holdings said on Wednesday it was considering a listing of its superstore business, which is mainly comprised of supermarkets, as part of a plan to maximise corporate value. Under...
Hinduja company taps Japanese banks to fund Reliance Capital buy
Hinduja group company IndusInd International Holdings Limited (IIHL) has approached Japanese banks to raise up to ₹8,000 crore to finance a bid for Reliance Capital, formerly promoted by Anil Ambani, ahead of the May 27...
Japan’s J-Power makes $248.7 mln bid for Australian renewables firm Genex
Japan’s Electric Power Development (J-Power) on Monday lodged a A$380.9 million ($248.7 million) bid for Australian renewable energy firm Genex Power, as Japan’s appetite for overseas acquisitions rapidly...
Australia’s Woodside to sell stake in Scarborough to Japan’s JERA for $1.4 bln
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan’s JERA for about $1.4 billion, marking the Australian gas producer’s second stake sale to a Japanese liquefied natural gas (LNG)...
Japan chipmaker Renesas to buy software firm Altium for $5.9 bln
Japan’s Renesas Electronics said it would buy electronics design firm Altium for $5.9 billion in cash, as the acquisitive automotive chipmaker looks to offer digital device design to customers. The acquisition...
Japan’s Aeon in exclusive talks to buy Tsuruha stake from Oasis
Japanese retail giant Aeon Co Ltd has entered into exclusive talks with Oasis Management to acquire shares the Hong Kong-based activist investor holds in drugstore chain Tsuruha Holdings Inc, it said on Monday. Details...
Japan’s Sekisui House to buy US homebuilder MDC for $4.95 bln
Japanese homebuilder Sekisui House said it has struck a deal to buy Denver-based builder MDC Holdings <MDC.N> for about $4.95 billion in cash, to become the fifth-biggest homebuilder in the United States. Sekisui...
Japan’s Monex to buy majority stake in 3iQ for $39.8 million
Japan-based brokerage firm Monex Group said it will acquire a majority stake in Canada’s 3iQ Digital Holdings for $39.8 million, to boost its appeal to crypto-hungry institutional investors. The deal underscores a...
Bain to sell Japan Wind Development to Infroneer for $1.5 billion, sources say
U.S. private equity firm Bain Capital has agreed to sell Japan Wind Development to Infroneer Holdings, a Japanese civil engineering group, for about $1.5 billion, two people with knowledge of the deal said. The sale was...
Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing
Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could fan hopes among investors that Toyota...