BlackRock-owned Global Infrastructure Partners is in advanced talks to buy utility group AES, people familiar with the matter said on Wednesday, a deal that could be one of the largest ever involving a U.S.-listed power...
Czech billionaire Kretinsky to sell Thyssenkrupp steel stake as JV plans falter
Czech billionaire Daniel Kretinsky has agreed to sell his 20% stake in Thyssenkrupp’s steel unit and scrap plans for a joint venture for the business, both parties said in a joint statement, paving the way for a...
GIP nears deal to buy Aligned Data Centers for about $40 billion, Bloomberg News reports
BlackRock-owned Global Infrastructure Partners is in advanced talks to acquire Macquarie-backed Aligned Data Centers in a deal valuing the technology infrastructure company at $40 billion, Bloomberg News reported on...
Occidental offloads chemicals unit in $9.7 billion deal with Berkshire to cut debt
Occidental Petroleum will sell its chemicals arm OxyChem to Warren Buffett’s Berkshire Hathaway for $9.7 billion, the company said on Thursday, marking its biggest divestment yet to slash debt after years of...
Coty explores sale of CoverGirl, Rimmel as it pivots to fragrances
Coty said on Tuesday it had launched a strategic review of its consumer beauty business that could lead to the sale of brands such as CoverGirl and Rimmel, as the cosmetics maker plans to focus on its more profitable...
Australia media groups announce $274 million merger as they battle streaming giants
Australia’s Seven West Media said it would merge with Southern Cross Media to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms. Seven...
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports
Warren Buffett’s Berkshire Hathaway is in talks to buy Occidental Petroleum’s OxyChem petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the...
BlackRock’s GIP nears $38 billion takeover of utility group AES, FT reports
BlackRock-owned Global Infrastructure Partners (GIP) is nearing a $38 billion deal, inclusive of debt, to acquire utility group AES, the Financial Times reported on Tuesday, citing people briefed on the matter...
Australia’s Eagers to buy stake of CanadaOne in $687.5 million push into Canada
Australian car dealership firm Eagers Automotive said on Wednesday it will acquire a 65% stake in dealership group CanadaOne’s holding company for A$1.04 billion ($687.54 million) to expand into Canada. The deal...
TotalEnergies sells stake in French renewable portfolio for $155 million
French oil major TotalEnergies on Tuesday said that it is selling a 50% stake in a 270 megawatt portfolio of French wind and solar assets to investment fund manager Eiffel Investment Group. The transaction values the...
UK competition watchdog to probe Subsea 7-Saipem merger
Britain’s competition regulator said on Tuesday it has started a probe into the merger between Norway’s Subsea 7 and Italy’s Saipem for probable competition concerns in the energy services sector. The...
Prada gets EU approval for Versace acquisition
The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada. Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace...
