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...
Tata Group in talks to acquire majority stake in Pegatron’s Chennai iPhone factory
Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata Group, people aware of the matter told ET. “The deal is expected to be completed in the...
Zetwerk bets big on defence, investing Rs 350 crore, to acquire European company
Contract manufacturing startup Zetwerk is betting big on the defence market and is looking to invest up to Rs 350 crore in the next few years to acquire foreign companies involved in manufacturing components for...
Rentokil PCI to Set New Standards in the Pest Control Industry with the Acquisition of HiCare
Rentokil PCI, India’s leading pest control service provider acclaimed for its expertise in pest control, has acquired HiCare Services Pvt. Ltd., a hygiene and pest management company via a share purchase deal...
French shipper CMA CGM acquires 10% of Volvo-Renault electric van business
France’s CMA CGM has acquired a 10% stake in the Flexis electric van venture set up by Renault and Volvo Group, the companies said on Wednesday, as the shipper expands further into the logistics business. CMA CGM...
Singtel rules out impending deal to sell Australian unit Optus
Singapore Telecommunications (Singtel) on Wednesday ruled out any impending deal to sell its Australian mobile network operation Optus following reports that talks for a potential stake divestment had fallen off...
China developer Wanda sells 60% of mall unit in $8.3 bln deal
A group of investors led by private equity firm PAG on Saturday announced an investment of $8.3 billion for a 60% stake in Chinese property giant Dalian Wanda’s mall unit. Dalian Wanda will retain 40% in Newland...
UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2’ investigation into Aviva’s acquisition of AIG Life UK. Britain’s Aviva agreed last...
Apollo Pipes acquires majority stake in Kisan Mouldings for ₹118.40 crore
Apollo Pipes Ltd, part of the APL Apollo group, has acquired a 53.57% majority stake in Kisan Mouldings Ltd (KML) for ₹118.40 crore, aiming to bolster its position in the PVC pipes and fittings sector. In an exchange...
Alamos Gold to buy smaller peer Argonaut for $325 mln
Canadian gold miner Alamos Gold will acquire smaller rival Argonaut Gold for $325 million in an all-stock deal, the companies said on Wednesday. The deal would increase Alamos’ gold production to 600,000 ounces...
International Paper proposes $7 billion buyout of DS Smith
DS Smith confirmed on Tuesday it was in discussions with International Paper over an all-stock offer from the U.S.-listed company, which valued the British paper and packaging firm at 5.72 billion pounds ($7.22 billion)...
Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The...