Canadian oil and gas producer Strathcona Resources said on Thursday it has bought additional 6.04 million common shares of rival MEG Energy for about C$172.7 million ($124.99 million). Strathcona now owns or controls...
ExxonMobil considers sale of European chemical plants, FT reports
ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people...
Plains to buy EPIC Crude stake for $1.6 billion from Diamondback, Kinetik
Plains All American Pipeline said on Tuesday it would buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy and Kinetik Holdings for $1.57 billion, including $600 million in debt...
Insurer IAG’s proposed $877 million buy of RAC insurance draws ACCC scrutiny
Australia’s competition watchdog said on Thursday that Insurance Australia Group’s proposed A$1.35 billion ($877.23 million) acquisition of The Royal Automobile Club of Western Australia’s insurance...
Anglo American to sell remaining stake in Valterra
Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary. The company has launched an...
Cigna’s unit to invest $3.5 billion in specialty pharmacy firm Shields
U.S. health insurer Cigna Group unit Evernorth Health will invest $3.5 billion in Shields Health, the company said on Tuesday, bolstering its presence in the fast-growing specialty pharmacy business. The investment...
Dow sells additional stake in infrastructure venture for $540 million
Dow said on Tuesday it has sold an additional stake in its infrastructure venture to its partner Macquarie Asset Management for $540 million as the chemical maker looks to focus more on its core business. The deal...
BT Group to sell Radianz business to TNS
BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain’s largest broadband and mobile services provider explores options to optimize its international business...
iBASIS to buy assets from Australia’s Telstra Group
U.S. communications solutions provider iBASIS has signed a deal with Australia’s Telstra Group to acquire wholesale voice, mobile, and messaging customer contracts from Telstra International, it said on Wednesday...
Strathcona Resources acquires additional MEG Energy shares
Canadian oil and gas producer Strathcona Resources said on Tuesday it has purchased additional 6.66 million common shares of rival MEG Energy for about C$190.8 million ($138.09 million). With this acquisition...
Canal + in exclusive talks to buy minority stake in cinema chain UGC
French pay-TV company Canal + said on Tuesday that it was in exclusive negotiations to buy a 34% stake in UGC, one of the largest cinema chains in France, for an undisclosed amount. Following the acquisition, Canal +...
Flipkart acquires majority stake in content platform Pinkvilla to tap Gen Z shoppers
Walmart-owned ecommerce marketplace Flipkart has acquired a majority stake in digital content platform Pinkvilla, the company announced on Monday. The development is a part of Flipkart’s broader strategy to engage with...
