Competition Commission of India (CCI) will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year, its chairperson Ravneet Kaur said on Monday. Kaur said CCI...
Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and...
Regional lender SouthState to buy Texas-based Independent Bank for about $2 bln
Regional lender SouthState Corp will buy Texas-based smaller rival Independent Bank Group for about $2 billion, the companies said on Monday, creating a combined entity with $65 billion in total assets. The all-stock...
Grid operator TenneT could sell or list German assets
Dutch electricity grid operator TenneT will consider listing its German operations or selling them to a third party, it said on Thursday, as talks between The Hague and Berlin have so far failed to agree a sale to the...
Fashion brand Esprit files for bankruptcy for its European business
Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to...
General Atlantic, TPG Capital, two other PEs in race for Altimetrik
Global private equity funds General Atlantic, TPG Capital, Warburg Pincus and Ontario Teachers’ Pension Plan are in contention for acquiring a majority stake in Altimetrik at a valuation of about $1.5 billion (Rs...
Shell to sell Singapore refinery, petchem assets to Chandra Asri and Glencore
Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia’s main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and...
NCLT asks SpiceJet to file reply to Aircastle’s petition in 15 days
National Company Law Tribunal (NCLT) Tuesday directed carrier SpiceJet to submit its reply within 15 days to Aircastle (Ireland’s) Limited insolvency petition. The tribunal will now examine if the power of...
KKR to buy Perpetual’s corporate, wealth units for $1.4 bln; CEO Adams to retire
Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm’s...
Niagara Energy completes $1.36 billion takeover of Enel Peru unit
Niagara Energy has wrapped up a $1.36 billion share purchase in Enel Generacion Peru, giving the firm majority control over the local subsidiary of Italian utility Enel. Niagara, controlled by investment firm Actis...
NCLAT dismisses Religare’s appeal against CCI nod
The National Company Law Appellate Tribunal (NCLAT) has rejected Rashmi Saluja-led Religare Enterprises’ appeal seeking a stay on the Competition Commission of India’s (CCI) approval for the Burman...
Tower operator Uniti to merge with Windstream a decade after split
Uniti Group will merge with telecom services provider Windstream almost a decade after their separation to better compete in the fiber network market in rural America, the wireless tower owner said on Friday. The...