Safaricom said late Wednesday that Kenya is selling a 15% stake in the telecom operator to South Africa’s Vodacom in a deal worth about $1.6 billion, as the government seeks to raise cash by offloading some state...
Smiths Group to sell baggage-screening unit to CVC for $2.65 billion
Britain’s Smiths Group said on Wednesday it had agreed to sell its Smiths Detection unit, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including...
South Korea’s Doosan Bobcat in talks to buy Wacker Neuson
Wacker Neuson said on Tuesday that South Korea’s Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker. Doosan Bobcat, a unit of Korean conglomerate Doosan, is in...
Eni’s renewable unit buys energy customer portfolio from Italy’s ACEA
The low-carbon unit of Italian energy group Eni has agreed to buy some of the businesses of regional utility ACEA in a deal worth 587 million euros ($685 million), the two companies said on Wednesday. The price will be...
Schroders explores options, including sale, for financial planning unit Benchmark Capital, sources say
British money manager Schroders is exploring options, including a potential sale, for its financial planning unit Benchmark Capital, two people familiar with the matter told Reuters, part of a wider shift away from...
Baldwin strikes $1 billion deal for rival insurance broker CAC Group
The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance...
Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year
Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year. Marvell’s shares were up about 13% in...
Oil majors unite to oppose Subsea7-Saipem merger in Brazil antitrust case
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday...
Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield, sources say
Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the...
South Korea’s Doosan Bobcat in talks to buy Wacker Neuson
Wacker Neuson said on Tuesday that South Korea’s Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker. Doosan Bobcat, a unit of Korean conglomerate Doosan, is in...
UnitedHealth agrees to sell South American business to private equity firm Patria for $1 billion, sources say
UnitedHealth Group has agreed to sell its last South American business Banmedica to Brazilian private equity group Patria Investments for $1 billion, two sources with knowledge of the matter said on Sunday. The final...
China’s Anta Sports and Li Ning exploring bid for Puma, source says
Chinese sportswear firms Anta Sports Products and Li Ning are among those exploring a potential takeover of struggling German sportswear brand Puma, a source with knowledge of the matter said on Thursday. Both Hong Kong...
