Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two...
Brazil’s BRB only acquiring key assets from Banco Master, CEO says
Government-controlled Banco de Brasilia (BRB) only agreed to acquire the healthiest and most strategically relevant assets from fellow lender Banco Master after months of negotiations, BRB CEO Paulo Henrique Costa said...
EU regulators to decide on ADNOC’s Covestro deal by May 12
EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC’s 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European...
Carrefour acquires convenience retailer Magne, to open more stores this year
French supermarket group Carrefour announced on Tuesday the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France. Carrefour also plans to open 400 of its own convenience...
Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said...
Rocket Companies to buy Mr Cooper Group for $9.4 billion in mega US real-estate deal
Rocket Companies said on Monday it would buy home loan service provider Mr Cooper Group for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing...
Hungary should sell its stake in MBH Bank, economy minister says
The Hungarian state should sell its 20% stake in MBH Bank, the country’s second-largest lender, in a potential upcoming share offering, the economy minister Marton Nagy said on Monday. Bloomberg reported last week...
Sempra to sell Mexico energy assets, stake in infrastructure unit
Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had...
Germany’s DHL to acquire US pharma logistics firm Cryopdp
DHL said on Monday it will acquire U.S. pharmaceutical logistics firm Cryopdp as part of the German company’s efforts to grow its operations in the pharma sector, confirming an earlier report by Reuters. DHL did...
Varo buys Swedish refiner Preem in bet on biofuels
Varo Energy, backed by private equity giant Carlyle Group and the world’s biggest trading house Vitol, said on Monday it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels. Varo...
GlobalFoundries, Taiwanese chipmaker UMC consider merger, sources say
Taiwan’s major chipmaker United Microelectronics and U.S.-based GlobalFoundries are looking into the possibility of a merger, two sources familiar with the matter told Reuters on Monday. A combined company would...
Becton Dickinson in talks with Thermo Fisher, Danaher to divest life sciences unit, FT reports
U.S. medical device maker Becton Dickinson is in talks with Thermo Fisher and Danaher for a potential sale of its life sciences unit, the Financial Times reported on Tuesday. Becton Dickinson had in February announced...
