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...
China’s CATL sells stake in Finnish subcontract car manufacturer
Chinese battery maker Contemporary Amperex Technology (CATL) is selling its 20.6% stake in subcontract Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland’s government said on...
UK’s Revolut kicks off secondary share sale at $75 billion valuation, source says
Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans...
CapVest to acquire majority stake in Stada, ending German firm’s IPO plans
London-based buyout firm CapVest Partners is to acquire a majority stake in Stada Arzneimittel, the German generic drugmaker said on Monday, in what is set to be one of the biggest takeover deals in Europe this year...
China’s GCL expects more information soon on polysilicon restructuring
A GCL Technology Holdings official signalled in a call with investors on Sunday that more information on a plan to restructure China’s polysilicon industry would be released soon. “We believe that clearer...
Spirit Airlines files for second bankruptcy in a year as financial challenges persist
U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier...
PepsiCo sharpens energy drink focus with bigger Celsius stake
PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. The popularity of energy drinks...
DuPont to sell Kevlar, Nomex business to Arclin for $1.8 billion
DuPont will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. The sale will not...
Colt buys majority stake in $1 billion gunpowder ingredient maker
Czech-based firearms maker Colt CZ Group SE has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns...
