Czech billionaire Daniel Kretinsky is among potential suitors approached by Berlin about buying German state-owned utility Uniper, three people familiar with the matter said. Sources have said previously that others...
German cartel office approves Rheinmetall, Leonardo joint venture
Germany’s cartel office approved the establishment of a joint venture between the Duesseldorf-based Rheinmetall and Italy’s Leonardo, the regulator said in a statement on Monday. “Rheinmetall and...
Space infrastructure company Redwire to buy Edge Autonomy for $925 million
Space infrastructure firm Redwire Corp on Monday said it has agreed to acquire Edge Autonomy for $925 million in a cash-and-stock deal. The transaction would help create a defense tech company with a broader portfolio...
India likely to cut disinvestment goal by 40% for FY25, Economic Times reports
India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run...
Malaysia Airports buyout offer extended to Feb. 4
A takeover offer for Malaysia Airports Holdings by a consortium comprising the country’s sovereign wealth fund and BlackRock has been extended for a third time this month to Feb. 4, a stock exchange filing on...
US FTC finalizes consent order for $53 bln Chevron-Hess merger
The U.S. Federal Trade Commission (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron’s $53 billion takeover of Hess. According to the order, John Hess, CEO of the...
Rio Tinto and Glencore discussed merger but talks no longer active, source says
Glencore approached Rio Tinto, late last year about combining the two big copper producers but the discussions are no longer active, a person familiar with the matter said. The talks between Rio, the world’s No. 2...
TransUnion buys out banks in Mexican credit bureau arm in $560 million deal
U.S. credit reporting agency TransUnion is buying a majority stake in its Mexican arm, it said on Thursday, buying out several major banks in a deal worth around $560 million. TransUnion’s stake in Trans Union de...
Automation firm Symbotic soars on $200 mln deal to buy Walmart’s robotics unit
Symbotic’s shares jumped about 14% on Thursday after the automation firm said it would buy Walmart’s robotics business for $200 million as part of an agreement to expand the retailer’s automated supply...
Testing giants Bureau Veritas and SGS in merger talks
France’s Bureau Veritas and Switzerland’s SGS are in merger talks to create a testing and certification giant worth more than $30 billion that would dwarf competitors. The two companies, which test and...
Octopus Energy acquires OX2’s French solar unit to boost development
Britain’s Octopus Energy acquired on Wednesday the French business of Sweden-based OX2 that develops solar power plants on agricultural land, with Octopus planning to retain the French team and add to the current...
Cleveland-Cliffs eyeing all-cash bid for U.S. Steel, source says
Cleveland-Cliffs is partnering with peer Nucor to prepare a potential all-cash bid for U.S. Steel, with an offer in the high $30s per share, a person familiar with the matter said on Monday. Cliffs is aiming to purchase...