U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion. The deal is part of AIG’s efforts to reduce its...
Vedanta acquires Japan’s AvanStrate, buys additional stake for $78 million
Billionaire Anil Agarwal-led Vedanta Ltd on Friday said it has acquired an additional 46.57% stake in Japanese display major AvanStrate Inc for $78.3 million through its wholly owned subsidiary, Cairn India Holdings Ltd...
EU clears $14.9 bln purchase of U.S. Steel by Japan’s Nippon
The European Union cleared U.S. Steel’s $14.9 billion buyout by Japan’s Nippon Steel on Monday, allaying competition concerns from a deal that has drawn political opposition in the United States. The...
Japan’s Ono to buy US drugmaker Deciphera for $2.4 bln
Deciphera Pharmaceuticals said on Monday Japan’s Ono Pharmaceutical Co will acquire the cancer drugmaker for $2.4 billion to expand its oncology portfolio and presence in the United States and Europe. Ono Pharma...
Tapestry merger with Versace owner Capri gets EU, Japan approval
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...