Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the...
Canada’s CGI Looks at Acquisitions in U.S., Germany and U.K.
Canada’s CGI Inc., looking to double its size in part with acquisitions, would consider deals in countries including the U.S., Germany, and the U.K., the company’s chief financial officer said. Bond sales can help it...
GM-Backed Wejo Is in SPAC Merger Talks With Virtuoso
Wejo Ltd., the British automotive-data startup backed by General Motors Co., is in talks to go public through a merger with Virtuoso Acquisition Corp., a blank-check firm, people with knowledge of the matter said...
Orix to Buy Spanish Energy Firm Elawan for About $965 Million
Orix Corp. agreed to buy Spain’s Elawan Energy, the Japanese financial conglomerate’s first deal to acquire a majority stake in an overseas renewable power company. Tokyo-based Orix is purchasing an 80% stake from...
Virus Outbreak Could Lead Companies to Renegotiate M&A Deals
Companies are considering renegotiating previously announced mergers and acquisitions after the outbreak of the coronavirus, according to law firm Hogan Lovells. Some dealmakers are seeking to change the terms of...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
A Mega-Merger Can’t Hide $12 Billion of Debt
China has a standard road map for fixing state-owned giants that have gone off the rails: Create an even more inflated behemoth through a mega-merger, in the hope that the stronger business will be able to prop up the...
Encana’s ‘Symbolic’ Move May Hurt Stake Sale in Iconic Bow Tower
The odds of H&R Real Estate Investment Trust selling a stake in its wholly-owned iconic Calgary tower has dropped after Encana Corp. announced plans to move its headquarters to the U.S, according to BMO Capital...
Goldman Explores Sale of Puerto Rico Toll Roads Stake
Goldman Sachs Group Inc. is seeking buyers for its 49% stake in a Puerto Rico toll road concession that could value the asset at more than $2 billion, according to people familiar with the matter. Goldman is working...
Vista Considers Sale of Stake in $10 Billion Fintech Giant
Vista Equity Partners is considering the potential sale of a stake in Finastra in a deal that could value the financial technology company at more than $10 billion including debt, people familiar with the matter said...
T-Mobile-Sprint Merger Gets Majority Support at FCC
T-Mobile US Inc.’s proposed merger with Sprint Corp. has received a third “yes” vote at the U.S. Federal Communications Commission, moving the deal toward agency approval in coming days, according to two people familiar...
Sainsbury-Asda Merger Competition Ruling Is Set for Thursday
The U.K.’s antitrust regulator will publish its final decision Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc.’s Asda, after attaching harsher-than-expected conditions to the deal...
