Brookfield Asset Management is emerging as the frontrunner to acquire Colonial Pipeline, in a deal that could value the pipeline operator at $10 billion or more including debt, Bloomberg News reported on Wednesday...
Axel Springer weighs sale of marketing business Awin, sources say
German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has...
Sportradar to acquire IMG Arena and its global sports betting rights portfolio
Sports technology company Sportradar Group has entered into a definitive agreement to acquire IMG Arena and its portfolio of global sports betting rights from Endeavor Group Holdings, Inc, Sportradar said on Wednesday...
HSBC in talks to sell German fund administration unit to BlackFin, Bloomberg News reports
HSBC Holdings is in advanced talks to sell its German fund administration business to private-equity firm BlackFin Capital Partners, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The...
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Air France-KLM is in talks to take a stake in Spanish airline Air Europa and is looking to boost its existing holding in Scandinavian carrier SAS to a majority, CEO Ben Smith told Reuters on Tuesday. “We’ve...
Pfizer to sell entire Haleon stake
Pfizer will sell its remaining stake in British consumer healthcare group Haleon, the companies said on Tuesday. Pfizer will sell about 662 million ordinary shares, or 7.3%, of Haleon, created in a merger of GSK and...
Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports
Switzerand’s Baloise and Helvetia Holding AG have been exploring a potential merger to create one of the country’s largest insurers, Bloomberg News reported on Tuesday, citing people familiar with the matter...
Partners Group to buy California energy assets for $2.2 billion
Swiss private equity firm Partners Group will buy an energy asset management platform and certain gas-fired power plants in California from U.S.-based Avenue Capital Group for $2.2 billion, the companies said on Tuesday...
Allianz to sell 26% stakes in India joint ventures for $2.8 billion
The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India’s Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion). Last year, Bajaj...
Safran offers remedies to win EU approval for Collins deal
French engine and aircraft equipment maker Safran has offered remedies in an attempt to secure EU antitrust approval for its $1.8 billion bid for Collins Aerospace’s flight controls business, an update on the...
Chevron buys about 5% of Hess stock, says it is confident of merger
Chevron bought about 4.99% of Hess Corp’s common shares this year, reflecting its confidence in completing the planned acquisition of Hess, the oil giant said in a regulatory filing on Monday. The second-largest U...
BayWa deal with EIP for renewable energy unit collapses
Embattled German agricultural trading group BayWa said on Monday it would keep a majority ownership of renewable energy unit BayWa r.e. after an initial agreement with suitor Energy Infrastructure Partners fell apart...
