Austria’s Erste Group Bank is in discussions with Santander about buying a 49% stake in the Spanish bank’s Polish unit in a deal that could be worth more than $8 billion, the lenders said on Monday...
Woodside in talks to sell Louisiana LNG stake to Kuwait Petroleum unit, Bloomberg News reports
Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., Bloomberg News reported on Monday, citing people with knowledge of the...
UK’s NCC Group explores strategic options for Escode business, including sale
NCC Group, a UK-based global cybersecurity specialist, said on Monday it is exploring various strategic options for its Escode business, including a possible sale. The group comprises two distinct businesses — cyber...
Sony considering chip unit spinoff, Bloomberg reports
Sony is considering a spinoff and listing of its semiconductor business as soon as this year, Bloomberg News reported, citing anonymous sources. The Japanese conglomerate may retain a minority stake in Sony...
Mahindra & Mahindra to acquire majority stake in SML Isuzu for over Rs 550 crore
Mahindra & Mahindra (M&M) announced on Saturday it will acquire a majority stake of 58.96% in commercial trucks and bus maker Isuzu Limited (SML) at Rs 555 crore. M&M will buy 63.62 lakh shares of SML from...
China’s Ant Group forays into brokerage business with $362 mln Bright Smart buy
China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a...
Australia’s Alkane to merge with Canada’s Mandalay in $358 million acquisition
Australia’s Alkane Resources will acquire Canada’s Mandalay Resources in an all-share deal valued at A$559.1 million ($357.8 million), the companies said on Monday, creating a combined diversified gold and...
France’s Banijay explores takeover bid for UK’s ITV, FT reports
French entertainment company Banijay is in early-stage talks for a takeover offer for British broadcaster ITV that would merge their respective production businesses, the Financial Times reported on Sunday, citing...
Aster Chemicals to bid for Exxon Mobil’s Singapore fuel stations, sources say
Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil’s petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks...
Germany’s Merck KGaA in $3.9 bln deal to acquire US biotech firm SpringWorks
German healthcare and materials group Merck KGaA said on Monday it struck a deal to acquire U.S. biotech firm SpringWorks Therapeutics for an equity value of $3.9 billion to boost its cancer drug business. Darmstadt...
Loeb’s Third Point builds stake in Band-Aid maker Kenvue
Billionaire investor Daniel Loeb’s hedge fund Third Point is building a stake in Kenvue , sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer...
UK’s Deliveroo gets $3.6 billion buyout proposal from DoorDash
British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion). Deliveroo announced that its board has...
