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...
Reuters.com
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...
Uber adds to stake in Germany’s Delivery Hero, becomes biggest shareholder
Uber has more than doubled its stake in Germany’s Delivery Hero, becoming the largest shareholder, according to a company announcement and LSEG data on Monday. Delivery Hero said its rival had increased its...
Mistral AI buys Austrian physics AI startup in industrial push
Europe’s leading artificial intelligence firm, France’s Mistral AI, said on Tuesday it has acquired Vienna-based Emmi AI for an undisclosed sum, aiming to enhance its offering for industrial clients across...
Germany kicks off sales process of bailed-out energy firm Uniper
Germany kicked off the sales process for bailed-out energy firm Uniper on Tuesday, paving the way for what could become one of Europe’s biggest deals this year. Berlin had to nationalise Uniper during...
Russia fails to sell stake in gold miner UGC as no one bids at auction
The Russian state failed to auction a stake in gold producer Uzhuralzoloto (UGC) it had seized last year, a state auction website showed on Monday, saying that no one had submitted a bid. A Russian court ruled last...
Anglo American to sell Australian coal mines for up to $3.9 billion
Anglo American said on Monday it will sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88 billion, exiting the sector and simplifying itself ahead of a planned merger with...
Analog Devices in talks to buy Empower Semiconductor for $1.5 billion, Bloomberg News reports
U.S. chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people familiar with...
Uber, Naver team up on Baemin takeover – Seoul Economic Daily
Uber and South Korean internet giant Naver have formed a consortium and submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea’s largest food delivery platform, the...
Shein buys US-based apparel retailer Everlane, Puck News reports
Online fast-fashion platform Shein is acquiring Everlane from majority owner L Catterton in a deal valuing the U.S.-based apparel retailer at about $100 million, Puck News reported on Sunday, citing people familiar...
France’s Publicis to buy US data firm LiveRamp for $2.2 billion
French advertising group Publicis Groupe has agreed to acquire U.S. data collaboration company LiveRamp for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday. For Publicis, the...
