Italian drinks group Campari said on Thursday it had agreed to sell its brands Averna and Zedda Piras to spirits company Illva Saronno for 100 million euros ($117.45 million). The sale is another step in Campari’s...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Kering to buy jewellry producer Raselli Franco
French luxury group Kering will buy family-owned jewellery producer Raselli Franco Group, it said on Thursday, announcing an initial 115 million euro ($134.76 million) investment into the business. The 20% stake will be...
Standard General in talks to invest in Warner Bros Discovery networks, FT says
Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the Warner Bros Discovery television networks, the Financial Times reported on Thursday. Standard...
California Pizza Kitchen reaches buyout deal, names new leadership
An investor group led by Consortium Brand Partners is buying California Pizza Kitchen and has tapped the CEO of Convive Brands to run its restaurants, the company told Reuters on Tuesday, five years after the...
Polish financial regulator gives green light for Erste’s takeover of Santander
The Polish financial regulator (KNF) has given a green light to Erste Group Bank AG’s purchase of a controlling stake in Santander Bank Polska, it said in a statement on Wednesday. Spain’s Santander, the...
UK’s Inocea Group eyes acquisition of Germany warship builder GNYK, source says
British defence, marine and industrial firm Inocea Group is in talks to buy warship builder German Naval Yards Kiel (GNYK), a person familiar with the matter said, highlighting growing demand for defence assets fuelled...
CVB Financial to buy Heritage Commerce in $811 million deal in Bay Area push
Regional lender CVB Financial will buy smaller rival Heritage Commerce in an $811 million all-stock deal, as it looks to expand its presence into the Bay Area that is a major powerhouse of the U.S. economy. The deal...
Mortgage lender UWM Holdings to buy Two Harbors Investment in $1.3 billion deal
Lender UWM Holdings said on Wednesday it will buy real estate investment trust Two Harbors Investment in an all-stock deal worth $1.3 billion, as U.S. mortgage lenders consolidate to bolster scale and earnings. Under...
Britain clears Greencore, Bakkavor’s $1.6-billion food group merger
Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the...
Criteria lifts Naturgy stake to 26% after buying 2% from BlackRock
Spain’s Criteria has bought a 2% stake in energy firm Naturgy for around 485 million euros ($568 million), lifting its holding to 25.986%, a spokesperson for Criteria said on Wednesday following a filing to market...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
