Dow Chemical Co (DOW.N) and DuPont (DD.N) are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the...
Asian Paints to buy 51% stake in Ethiopia-based Kadisco Paint
NEW DELHI: Asian PaintsBSE -0.34 % will acquire 51 per cent stake in Ethiopia-based Kadisco Paint through its Singapore-based subsidiary Berger International for an undisclosed sum. “Berger International Limited...
AIA to increase stake in Tata AIA Life to 49%
Tata Sons and AIA Group on Monday announced an agreement, under which AIA would increase its shareholding in Tata AIA Life Insurance Company from the current level of 26 per cent to 49 per cent. The completion of the...
GCPL to buy additional 40% stake in Chilean firm, gain full control
NEW DELHI: Godrej Consumer Products LtdBSE -0.32 % today said it will acquire the balance 40 per cent stake in Chilean hair colour and cosmetics company Cosmetica Nacional to gain full control of the company. The...
AXA hikes stakes in ventures with Bharti
AXA has increased its stakes in Bharti AXA Life Insurance and Bharti AXA General Insurance companies to 49 per cent from 26 per cent. The foreign insurer has received approvals from the Foreign Investment Promotion...
Merck plans to sell its allergy business unit to cut debt: Bloomberg
German drugs and chemicals maker Merck KGaA (MRCG.DE) is planning to sell its allergy business, Allergopharma, Bloomberg reported, citing sources. The sale, which could fetch about 600 million euros ($636.42 million)...
Expobank to Buy RBS’s Russian Assets as Foreign Banks Retreat
Royal Bank of Scotland Group Plc agreed to sell its Russian banking assets to Expobank LLC for an undisclosed amount as it joins an increasing number of foreign financial firms leaving the country. Expobank will...
Charterhouse sells Armacell to Blackstone-led partnership
Nov 30 Private equity firm Charterhouse Capital Partners said on Monday it had agreed to sell high-tech insulation firm Armacell to private equity funds managed by Blackstone. The deal values Luxembourg-based Armacell...
Anheuser-Busch InBev to sell Peroni, Grolsch to smooth merger -FT
Nov 29 Anheuser-Busch InBev is planning to sell the Peroni and Grolsch brands it would gain from its acquisition of SABMiller to head off European regulatory concerns over the 71 billion pounds ($107 billion) brewery...
ONGC buys 15% stake in Russia’s Vankor oil field for $1.35 billion
NEW DELHI: ONGCBSE 0.55 % Videsh, the overseas arm of India’s biggest explorer, will acquire a 15% stake in the Vankor oil field of Russian state firm Rosneft for about $1.35 billion (Rs 8,910 crore). The two...
Fairfax India To Acquire 74% Stake In National Collateral Management Services
Canada’s Fairfax India Holdings Corporation is planning to acquire another 26% stake in Mumbai based financial services firm IIFL Holdings, for a consideration of about R1600 Cr FIH Mauritius Investments, a wholly...
Monsanto could take lead role in agchem acquisitions
Monsanto Co. executives are discussing whether they should acquire rivals, including top pesticide maker Syngenta AG, company executives said on Tuesday, as talk of consolidation continues in the global agrochemical...