Kontoor Brands said on Thursday it had agreed to sell its Lee denim brand for up to $1 billion to Authentic Brands Group, as the apparel maker streamlines its operations and focuses on higher-growth brands such as...
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Singtel to sell minority stake in Australian unit, shares S$3 billion spending plan
Singapore Telecommunications said on Thursday it was looking to sell a minority stake in its Australian unit Optus, and shared capital spending plans of S$3 billion ($2.35 billion) in 2027. Singtel said it was looking...
Brunt Workwear explores full sale or stake sale at over $1 billion, sources say
Brunt Workwear, a work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the private company at over $1 billion, according to sources familiar with the...
Australia’s Tuas scraps $1.1 billion deal to buy Keppel’s M1 stake
Australia’s Tuas said on Friday it has ended a deal worth S$1.43 billion ($1.12 billion) to buy Keppel’s stake in mobile operator M1 via its unit Simba Telecom, days after the Singaporean regulator halted...
IMAX is exploring sale, WSJ reports
Cinema operator IMAX is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The process is at an...
British theatre group ATG Entertainment readied for sale, sources say
British West End theatre operator ATG Entertainment is in the early stages of being prepared for a possible sale by its private equity owner, four people familiar with the matter said. A decision to go ahead with a...
Germany to match France with 40% KNDS stake in Frankfurt IPO
Germany will acquire a 40% stake in Franco-German defence equipment group KNDS when it lists on the stock market, a German official said on Wednesday, matching the size of France’s stake in the maker of the...
GameStop increases stake in eBay to more than 6%
GameStop increased its stake in eBay to about 6.6% from around 5%, according to a regulatory filing, the latest step in the videogame retailer’s push to buy the e-commerce giant. “Together, the 25,000...
James Murdoch to acquire New York Magazine and Vox Media Podcast Network
James Murdoch agreed to acquire New York Magazine and the Vox Media podcast network in a deal that will significantly expand his portfolio and stands to boost his influence over news and entertainment. The deal, valued...
Italy’s Intesa among bidders for Spanish private bank Singular, sources say
Italy’s Intesa Sanpaolo is among suitors for Singular Bank as U.S. fund Warburg Pincus seeks to sell its 93% stake in the Madrid-based private lender, three people close to the matter said. The Financial Times...
London’s GHO, Singapore’s CBC to merge into $21 billion healthcare investor
London-based Global Healthcare Opportunities (GHO) and Singapore’s CBC Group on Wednesday said they would merge, creating what they called the world’s largest healthcare-focused investment manager with more...
ArcelorMittal raises $667 million from Vallourec stake sale
ArcelorMittal has raised about $667 million (573 million euros) from a secondary share sale of a 10% stake in French steel tubes maker Vallourec, the world’s second-largest steelmaker said on Tuesday. The...
