Britain’s Octopus Energy said on Monday it will spin off its technology arm, Kraken, as an independent company valued at $8.65 billion, after a funding round led by U.S. investment firm D1 Capital Partners. Kraken...
Nigeria’s Tinubu approves $1.42 billion debt write-off for state oil firm NNPC
Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
KKR, Kreate complete purchase of South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have completed the purchase of Cheongna Logistics Center, which they say is South Korea’s largest...
UK’s IPF agrees to $733 million takeover by BasePoint entity
British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31...
SolGold agrees to $1.2 billion takeover by top investor Jiangxi Copper
Gold and copper miner SolGold said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper in a deal valuing it at 867 million pounds ($1.17 billion). The 28-pence-per-share deal represents...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
LG Energy Solution to sell US factory assets to Honda
South Korea’s LG Energy Solution (LGES) said on Wednesday it is selling a factory building and assets in the U.S. state of Ohio to Honda Development and Manufacturing of America. The planned $2.86 billion deal...
Serbia’s NIS gets US approval to negotiate sale of Russian stake
The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner’s stake, Serbia’s state-owned RTS TV reported on Wednesday. However, RTS said NIS had not obtained an...
UK’s Secure Trust to sell motor finance business for $619 million
Britain’s Secure Trust Bank said on Wednesday it would sell its consumer vehicle finance business to funds managed by European investment fund manager LCM Partners for 458.6 million pounds ($619.48 million).
Stonepeak, CPPIB look to buy Castrol India shares at premium following BP deal
Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol’s Indian unit, they said on Wednesday, following their deal to acquire...
Adani Ports completes acquisition of Australia’s NQXT in all-share deal
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has completed an all-share acquisition of Australia’s North Queensland Export Terminal (NQXT). APSEZ has allotted 14,38,20,153 equity shares of...
BP nears sale of majority Castrol stake to Stonepeak, WSJ reports
BP is nearing a sale of a majority stake in Castrol to investment firm Stonepeak in a deal that values the oil major’s lubricants unit at $10 billion, including debt, the Wall Street Journal reported on Tuesday...
