British automotive distributor Inchcape said it had agreed to sell its UK retail operations to Group 1 Automotive UK for 346 million pounds ($431.43 million) in cash, following a strategic review it kicked off earlier...
Italy’s Prysmian to buy Encore Wire in $4.2 bln deal
Italy’s Prysmian will acquire copper and aluminium electrical cable maker Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion), the companies said on Monday. Prysmian, the world’s...
BNP Paribas to acquire Fosun’s around 9% stake in Belgian insurer Ageas
BNP Paribas has signed an agreement with China’s Fosun Group to acquire its around 9% stake in Belgian insurer Ageas for a sum the French bank estimates at 730 million euros ($777 million). Ageas and BNP Paribas...
Software giant Salesforce in advanced talks to buy Informatica
Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A...
Salesforce in advanced talks to buy Informatica, source says
Salesforce is in advanced talks to acquire business software maker Informatica, a person familiar with the matter told Reuters on Friday. A deal could be announced soon, said the source, who asked not to be named...
U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel
U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, as expected, taking the merger one step closer to completion even as political opposition to the deal...
Thailand’s Central buys German luxury retail property KaDeWe
Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group. Central said in a statement on...
Medical Properties sells majority stake in five Utah hospitals
Medical Properties Trust said on Friday it would sell majority of its stake in five Utah hospitals for $886 million, sending its shares up more than 10% in extended trading. The real estate investment trust (REIT) said...
Italy’s MFE welcomes ProSieben’s decision to divest non-core businesses
Italy’s MFE-MediaForEurope on Friday welcomed the decision by Germany’s ProSiebenSat.1 to sell some of its non-core businesses. In a statement, the media company, controlled by the family of late Italian...
Australia’s Boral backs Seven Group’s improved $980 mln offer
Australia’s Boral recommended on Friday that investors accept an up to A$1.5 billion ($980.70 million) takeover offer from its largest shareholder Seven Group Holdings, after negotiating an increase in the cash...
Blackstone, CVC consider bids for Superstruct festivals firm, sources say
Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters. Superstruct, which runs events including...
Shurgard agrees to buy self-storage rival Lok’nStore in $474 mln deal
European self-storage company Shurgard has agreed to buy UK-listed rival Lok’nStore in an all-cash deal worth 378 million pounds ($474 million) to expand in markets beyond London, the companies said in a joint...