Billionaire Rubens Ometto’s conglomerate Cosan SA is giving up its stake in mining giant Vale SA, ending its bet on a mining investment in order to pay down debt. Cosan sold 173 million shares in a deal worth nearly 9...
Universal Plans US Share Sale for Pershing Square Stake
Universal Music Group NV has agreed to plan a US share sale by Sept. 15, in order to fulfill an agreement with billionaire Bill Ackman’s hedge fund Pershing Square. The Amsterdam-listed entertainment company will use...
Adani Group offloads 13.51% stake in Adani Wilmar
Shares of Adani Wilmar remained flat on Thursday, January 16, even as other Adani Group stocks witnessed gains. The muted response in Adani Wilmar’s stock came after Adani Commodities LLP, a promoter entity of the...
Partners Group, Brookfield, Macquarie, Actis show interest to invest $200 mn in Excitel
A raft of investors including Switzerland-based Partners Group AG and Canada’s Brookfield Asset Management Inc have signed non-disclosure agreements (NDA) to potentially invest in internet services provider Excitel...
Adani Realty in talks to takeover Emaar India to boost realty biz
Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore, two people aware of the matter said. “It (the deal) will be for 70...
Uruguay’s DLocal CEO Eyes Acquisition, Denies Fintech Is On Sale
Payment services provider DLocal Ltd. is analyzing whether to buy a smaller fintech rival this year after the company itself was the target of takeover proposals, Chief Executive Officer Pedro Arnt said in an interview...
TikTok’s US future in limbo: Billionaire Frank McCourt’s Project Liberty proposes acquisition–Will ByteDance say ‘yes’?
TikTok is facing a potential ban in the United States due to national security concerns. Alarms have raised alarms over the app’s data privacy practices, fearing that user data collected by TikTok could be...
NHPC eyes PTC buy sans financing arm
India’s largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said. The Union power ministry officials will meet...
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
Banca Ifis SpA, the Italian lender founded by the billionaire Furstenberg family, is offering to buy rival Illimity Bank SpA, the latest move in a flurry of consolidation activity in the country’s banking sector. The...
Tencent Bid for Assassin’s Creed Demands a Leap of Faith
One of the highlights of Ubisoft Entertainment SA’s Assassin’s Creed game series is the “leap of faith,” when the hooded main character takes a stomach-churning dive from the rooftops and always lands safely in a...
Chip Designer Arm Considers Acquiring Ampere Computing
SoftBank Group Corp. and its majority-owned Arm Holdings Plc are exploring a deal for Ampere Computing LLC, according to people familiar with the matter. Ampere, the Oracle Corp.-backed semiconductor designer, has drawn...
Allcargo looks to unlock value in Gati, taps Avendus for PE raise
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said. The company has hired investment bank Avendus...
