U.S. uranium producer Energy Fuels has agreed to pay a large premium for Australian Strategic Materials (ASM), as the United States bolsters efforts to secure Western supply chains for rare earth elements. Energy Fuels...
Berkshire may shed 27.5% Kraft Heinz stake, filing shows
Berkshire Hathaway may shed its 27.5% stake in Kraft Heinz, according to a regulatory filing, and exit a more than decade-old investment that did not work out for the conglomerate’s Chairman Warren Buffett. Kraft...
Cenovus considers selling some Alberta assets valued around C$3 billion, sources say
Canadian oil producer Cenovus Energy is considering a sale of conventional oil and gas assets in the Deep Basin of Alberta as it looks to cut debt after the recent takeover of oil sands rival MEG Energy, two sources...
Inspira Global to buy controlling stake in Burger King India operator RBA as Everstone exits
Restaurant Brands Asia said on Tuesday Inspira Global will invest up to 34.16 billion rupees ($375.06 million) for a controlling stake in the Burger King India operator, as private equity firm Everstone exits its stake...
Fintech Airwallex buys South Korea’s Paynuri in Asia expansion
Airwallex has acquired South Korea’s Paynuri Co Ltd, securing local payments licences and a foreign-exchange business registration that will allow it to operate directly in the country as the Australia-founded...
Genesis Health approved to sell nursing home in $1 bln bankruptcy deal
Bankrupt Genesis Health received court approval on Tuesday to sell its nursing homes to an outside buyer for $1 billion, just over a month after a U.S. bankruptcy judge rejected a previous offer from company insiders. U...
GoldenTree to buy about $200 million of Saks Global bankruptcy financing, Bloomberg News reports
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported on Tuesday, citing people familiar with the matter. GoldenTree...
New Zealand’s Fletcher Building to sell construction arm to French builder
New Zealand’s Fletcher Building said on Tuesday it will sell its construction division to a unit of French infrastructure firm VINCI SA for NZ$315.6 million ($182.76 million). The construction arm is one of...
Zurich Insurance offers $10 billion for UK’s Beazley in latest bid
Zurich Insurance Group has made a 7.67 billion pound ($10.3 billion) offer for speciality insurer Beazley, going public with an improved bid that sent shares in the British company up 40% on Monday. Europe’s...
Auction Technology rejects FitzWalter’s raised $658 million bid
Britain’s Auction Technology on Monday rejected FitzWalter Capital’s sweetened buyout approach, saying the proposed 491 million pound ($657.8 million) bid from its biggest shareholder undervalues the company...
Russia’s Gazprom Neft provisionally agrees to sell NIS stake to Hungary’s MOL
Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in Serbian oil refiner NIS to Hungary’s MOL, Serbia’s Energy Minister Dubravka Djedovic Handanovic said on Monday...
Italy’s Hera to buy Sostelia from Xenon to boost water treatment operations
Italian multi‑utility firm Hera said on Monday it had agreed to acquire water treatment group Sostelia in a deal worth 138 million euros $161 million) including debt, boosting its position in the treatment of industrial...
