Occidental Petroleum is negotiating the sale of its OxyChem division, a transaction that could value the unit at a minimum of $10 billion, the Financial Times reported on Sunday. The divestment was likely to be...
ING facing delay in completing the sale of its Russian unit
Dutch bank ING said on Friday it was facing a delay in completing the previously announced sale of its Russian division to Global Development JSC. “At the time, it was expected that the transaction would be...
Prosus’ OLX to buy French classified platform La Centrale in $1.3 billion deal
Online marketplace OLX will buy French motors classified platform La Centrale for 1.1 billion euros ($1.3 billion), its owner Prosus said on Friday. Amsterdam-headquartered Prosus, which is majority-owned by South...
Tiptree to sell Fortegra to South Korean insurer DB Insurance for $1.65 billion
U.S. investment manager Tiptree said on Thursday that South Korea’s DB Insurance would acquire its specialty insurance unit, The Fortegra Group, for about $1.65 billion in cash. The sale would also mark an exit...
Nigeria approves Shell, Agip buyout of TotalEnergies’ stake in Bonga oilfield
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator...
Private equity firm Novacap to buy Integral Ad Science for $1.9 billion
Private equity firm Novacap will buy Integral Ad Science in a deal valuing the target at around $1.9 billion, the digital ad verification company said on Wednesday. Novacap, having more than $10 billion in assets under...
Eni sells 30% stake in Ivory Coast’s Baleine project to Vitol
Italian energy group Eni has completed the sale of a 30% stake sale in the Ivory Coast’s Baleine offshore project to global commodity trader Vitol, it said in a statement on Thursday. The Baleine project is now...
Saipem’s investors approve merger with Norwegian oil contractor Subsea7
Shareholders in Italy’s Saipem approved on Thursday a planned merger with Norwegian rival Subsea7, paving the way to the creation of a leading global player in offshore energy services. All the investors attending...
Brazilian airline Gol’s controller ends talks for potential merger with Azul
Airline Gol said on Thursday that its controlling shareholder, Abra Group, has notified peer Azul of its decision to end talks for a potential business combination between the two Brazilian carriers. “The parties...
Citigroup sells stake in Banamex to Mexican billionaire for $2.3 billion
Citigroup has agreed to sell a 25% stake in Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family, marking a step toward Citi’s plan to take the unit public. The...
Dutch government sells nearly half of TenneT Germany for $11.3 billion
The Dutch government is selling 46% of power grid operator TenneT’s German unit to an investor consortium for up to 9.5 billion euros ($11.3 billion), it said, kicking off the separation from a business it has...
Lego buys entertainment centres from Madame Tussauds owner Merlin for $270 mln
Danish toymaker Lego said on Wednesday it will buy 29 discovery centres from theme park operator Merlin Entertainments in a 200 million pounds ($269.5 million) deal, in line with a strategy to strengthen control over...
