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...
PE firm Olympus to sell up to $235 mln stake in India’s Aster DM, term sheet shows
Private equity firm Olympus Capital Asia plans to sell a 9.8% stake in India’s Aster DM Healthcare for up to 19.53 billion rupees (nearly $235 million), according to a term sheet seen by Reuters on Tuesday...
AbbVie to bolster immunity illness drug pipeline with Landos deal
AbbVie will buy drug developer Landos Biopharma for up to $212 million as the Humira-maker aims to expand its pipeline of medicines to treat immune system-related illnesses, the companies said on Monday. Landos is...
Advent, CVC make joint bid for European pet food business owned by Cinven, FT reports
Private equity groups Advent International and CVC Capital have teamed up to bid for Partner in Pet Food (PPF), a maker of animal food owned by Cinven, the Financial Times reported on Sunday. The talks are ongoing...
UAE conglomerate seeks to gatecrash China’s JCHX Zambian copper deal
A unit of International Holding Company, Abu Dhabi’s most valuable company, is interested in acquiring Zambia’s Lubambe Copper Mine, an asset that China’s JCHX Mining has already agreed to buy, three...
Niagara Energy launches takeover bid for Enel’s Peru power unit
Niagara Energy is launching a bid to buy up to the entirety of shares in Enel Generacion Peru, a South American power generation subsidiary of Italian utility Enel, the Lima stock exchange said in a statement on...
Clorox to sell some Latin American operations; take $233 mln charge
Bleach maker Clorox said on Thursday that it would sell its operations in Argentina, Uruguay and Paraguay to private equity fund Apex Capital, as it looks to tighten its portfolio to be more profitable, and take a one...