Recently, TVS Holdings Limited announced the completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire...
Choice Hotels goes hostile in Wyndham takeover battle
Budget hotel operator Choice Hotels International launched a hostile bid for peer Wyndham Hotels & Resorts and prepared for a board battle to bring the target to the negotiating table. Choice went public with its...
StrideOne acquires ‘strategic’ stake in MoEVing, enters EV financing
StrideOne Capital Pvt. Ltd on Friday said it has acquired a strategic stake in MoEVing Urban Technologies Ltd, the operator of electric vehicle tech startup MoEVing. The deal will help StrideOne, the non-banking...
Italy blocked Safran-Collins deal due to national defence issues – Meloni
Italy blocked French group Safran’s planned $1.8 billion purchase of the flight control systems arm of Collins Aerospace because it could have threatened supplies to national armed forces, Prime Minister Giorgia...
UK to explore options for NatWest retail share offer
Britain’s finance minister Jeremy Hunt said he would explore options for a NatWest share offer to the public in the next 12 months, to allow the government to reduce its stake in the bank. The government has been...
Italy raises $1 bln from Monte dei Paschi’s 25% stake sale
Italy on Monday sold a 25% stake in bailed-out Monte dei Paschi di Siena (MPS), raising 920 million euros ($1 billion) and advancing plans to re-privatise the world’s oldest bank two years after a failed first...
Radiance mandates Rothschild to sell platform
Eversource Capital-backed Radiance Renewables Pvt. Ltd has mandated Rothschild & Co. for the sale of the platform that serves commercial and industrial (C&I) customers in a deal having a potential equity value...
Enel picks HSBC to sell India green portfolio
Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around...
Second proxy advisor backs Brookfield’s $10.5 bln bid for Origin Energy
Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada’s Brookfield, despite opposition from the target’s...
Law firms Pillsbury and Stroock end discussions over possible merger
Law firms Pillsbury Winthrop Shaw Pittman and Stroock & Stroock & Lavan said on Thursday that they have ended discussions about a possible merger. Pillsbury said in a statement that it considered options...
Choice Hotels asks Wyndham to engage in merger talks
Choice Hotels said that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks. This comes about a week after Wyndham rejected Choice’s $7.8 billion acquisition...
Brookfield and Antin eye bids for Germany’s Techem – sources
Brookfield Infrastructure Partners and Antin Infrastructure Partners are among several bidders vying for a stake in German metering firm Techem, four people familiar with the matter told Reuters. Private equity fund...