Mukesh Ambani’s Reliance Jio signed a deal with Elon Musk’s SpaceX to bring Starlink satellite internet services to India, a surprise move from the billionaires after being at odds for months over how the...
Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports
Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN) reported on Tuesday. Northvolt sought U.S. Chapter 11...
Ageas and Allianz explore bids for British insurance group esure, sources say
Belgian insurer Ageas has retained advisors to explore a bid for British motor and home insurer esure, four people familiar with the matter told Reuters, as part of plans to consolidate the UK personal lines market...
Eaton to buy Fibrebond in $1.4 billion deal to boost data center market presence
Power management company Eaton said on Tuesday it will buy Fibrebond Corporation in a $1.4 billion deal as it looks to expand its reach into the data center market. The global appetite for energy-intensive data centers...
Italy’s Synapsia signs $2.5 bln deal with UAE’s Bold Technologies
Italy’s Synapsia has signed a $2.5-billion contract with UAE’s Bold Technologies to provide AI-powered city management services for Abu Dhabi, Synapsia CEO Daniele Marinelli told Reuters. The Italian company...
Italy clears Italgas’ deal for 2i Rete Gas with conditions
Italy’s antitrust has conditionally approved the acquisition of 2i Rete Gas by domestic rival Italgas, the largest gas distributor in Europe, the authority said on Tuesday. Italgas agreed in October to buy 2i Rete...
Couche-Tard rejects Seven & i’s antitrust concerns over $47 billion takeover bid
Canada’s Alimentation Couche-Tard on Tuesday said it is confident there is a “clear path” to overcome U.S. regulatory hurdles in its proposed $47 billion acquisition of Japan’s Seven & i, and...
Panama to request legal, financial documents on CK Hutchison-BlackRock port deal
The Panama Maritime Authority, which oversees shipping and port infrastructure in the country, will request all legal and financial documents from a key transaction between CK Hutchison and a consortium backed by...
Canada’s Whitecap, Veren in $10.4 billion merger to boost shale presence
Whitecap Resources will merge with peer Veren in an all-stock deal valued at C$15 billion ($10.43 billion), including debt, creating the seventh-largest Canadian oil-and-gas producer. The merger announced on Monday is...
Italian yacht maker Ferretti aiming for an acquisition this year
Italian yacht maker Ferretti aims to make an acquisition this year, its chief executive said on Monday, without specifying whether the potential target would be a brand, a yard or another asset. “We have three...
Safra Sarasin Group to buy majority stake in Saxo Bank
Swiss private bank J. Safra Sarasin Group has agreed to buy 70% of Denmark’s Saxo Bank in a deal valued at around 1.1 billion euros ($1.19 billion), Saxo Bank said on Monday. Reuters reported last year that the...
Telecom company Mitel files for bankruptcy to cut $1 bln in debt
Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 billion in debt. Mitel entered bankruptcy...
