Canadian Tire said on Wednesday it would sell its premium workwear business Helly Hansen to Kontoor Brands for C$1.28 billion ($901.2 million), as part of efforts to focus on its core business. The transaction is...
Saudi Aramco to acquire 25% stake in Unioil Petroleum Philippines
Saudi Arabia’s Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday. The company, however, did not disclose the financial...
Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl’s footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was...
UK’s Rosebank Industries in talks to buy US-based wire harness maker ECI
British investment firm Rosebank Industries said on Wednesday it is in talks to buy US-based Electrical Components International (ECI), which makes wire harnesses, from private equity firm Cerberus Capital Management...
Mediobanca shareholders’ pact reject MPS takeover bid
The shareholders’ pact for Italy’s Mediobanca, representing around 11.6% of the bank’s capital, have rejected Monte dei Paschi di Siena (MPS) takeover bid, a shareholder said on Wednesday after a pact...
Northvolt sells heavy industry battery business to truckmaker Scania
Sweden’s Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said on Tuesday, as the...
Payments processor Shift4 to buy Global Blue in $2.5 billion deal
Payments processor Shift4 has agreed to buy travel and retail-focused financial technology platform Global Blue in a deal valued at $2.5 billion, the companies said on Tuesday. The acquisition will give Shift4 access to...
Asbury Automotive to buy Herb Chambers’ dealerships in $1.34 billion deal
Auto retailer Asbury Automotive Group said on Tuesday it would acquire automotive dealerships owned by Herb Chambers Companies in a deal valued at $1.34 billion. Asbury plans to fund the acquisition using a combination...
HSBC to sell Bahrain retail banking operations as restructuring progresses
HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of...
ZF considering spin-off of electric drive division, Handelsblatt reports
German automotive supplier ZDF (ZFF.UL) is considering a spin-off of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. ZF said it was “examining...
UK competition watchdog provisionally clears Boparan-ForFarmers deal
UK’s competition regulator said on Tuesday it has provisionally cleared British food maker Boparan Holdings’ proposed deal to buy Dutch agricultural feed company ForFarmers’ Burston and Radstock feed...
KKR to buy additional 5% stake in Eni biofuel business
U.S. fund KKR has signed an agreement with Italy’s Eni to buy an additional 5% stake in Eni’s biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy...
