Thailand’s food giant Charoen Pokphand Foods will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp for $1.1 billion to become its sole owner, the company said on Monday. Bermuda-based C.P...
Toyota, Daimler near merger of truck units, Nikkei Asia reports
Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving to finalize a merger agreement, Nikkei Asia reported on Tuesday. The two auto groups aim to...
Helvetia, Baloise to merge into Switzerland’s second-biggest insurance group
Helvetia and Baloise plan to merge into what would be Switzerland’s second-largest insurance group with a combined market share of about 20%, the firms said on Tuesday. The merger is expected to generate run-rate...
Italy clears UniCredit’s bid for Banco BPM with prescriptions
Italy has cleared with conditions UniCredit’s takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia is among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit’s...
Capital One, Discover deal approved by US bank regulators
U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services, paving the way for the combined firms to become the nation’s eighth-largest bank. The...
Switzerland’s Cicor wins approval to buy parts of France’s Eolane
Swiss electronics company Cicor said on Friday its offer to buy parts of France’s Eolane Group has been accepted by the Paris Commercial Court, boosting its presence in France. In a statement, Cicor said the deal...
Monte dei Paschi investors back hostile bid for Mediobanca
Monte dei Paschi di Siena expects to launch its 12.5 billion euro ($14 billion) takeover offer for Mediobanca in the summer, after securing shareholder approval on Thursday for the hostile bid. Normally rare in finance...
Global Payments agrees $24.25 billion Worldpay deal as industry heavyweights shift focus
Global Payments has agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.25 billion in a three-way deal, sharpening its focus on merchant services in its race for big-business clients in a crowded...
Poland’s InPost acquires UK parcel firm Yodel
Parcel locker company InPost has acquired Yodel, one of Britain’s biggest parcel delivery firms, it said on Thursday, a move that will make the Polish group the third-largest independent logistics player in the UK...
Commodity traders to submit bids for Italy’s IP by May, sources say
Global commodity traders including Glencore and Gunvor are looking at the possibility to buy oil refiner Italiana Petroli (IP) API group, two sources said on Thursday, adding that binding bids for the company are due by...
Abu Dhabi’s Mubadala to buy $600 million stake in UK school operator Nord Anglia
Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday it would acquire a minority stake in UK private school operator Nord Anglia Education for $600 million, joining a global consortium led by...
OpenAI in talks to buy Windsurf for about $3 billion, Bloomberg News reports
OpenAI is in discussions to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The deal would be...
