Dassault Systemes on Tuesday announced a long-term partnership with Volkswagen to accelerate the German automaker’s transition towards vehicles that rely heavily on software to control and optimise key functions...
De La Rue begins formal sale process after interest from Edi Truell’s consortium, others
UK banknote printer De La Rue said on Tuesday it had commenced a formal sale process after it received preliminary takeover approaches from parties other than a consortium of British financier Edi Truell’s...
Max Financial Services approves listing of Axis Max Life via merger
India’s Max Financial Services said on Tuesday it has approved the listing of its unit, Axis Max Life, by merging with the insurer. The move comes after the country’s insurance regulator sought a public...
ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
Dutch lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive told Reuters, potentially joining a wave of takeovers sweeping the region’s...
De Beers, Botswana finalise talks on diamonds deal
De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for its joint venture there to 2054, the Anglo American unit said on Monday. “The signing...
Aero parts maker Triumph to go private in $3 billion deal
Investment firms Warburg Pincus and Berkshire Partners have agreed to buy aircraft parts maker Triumph Group in a take-private deal valued at about $3 billion, the company said on Monday. An ongoing consolidation in the...
KKR to raise Fuji Soft bid to 9,850 yen a share, above Bain’s offer
U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4% to take it above a rival offer from Bain Capital, it said on Tuesday. It is the latest salvo in a protracted...
Indonesian fund, Mitsui vie for $300 mln stake in toll operator RKE, sources say
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui & Co are among prospective buyers of CVC Capital Partners’ 25% stake in Indonesian toll road operator RKE...
Sika acquires Singapore-based Elmich Pte
Construction chemicals maker Sika said on Monday that it has acquired Elmich Pte, a Singaporean construction firm and supplier of greening systems. The Swiss company added in a statement that this acquisition will help...
Spain’s defence company Indra buys satellite operator Hispasat
Spain’s defence company Indra agreed to buy 89.7% of satellite operator Hispasat from Redeia for 725 million euros ($752.26 million), the company said on Friday in a filing to the stock market regulator. The deal...
Austria’s OMV, ADNOC mull acquiring Nova Chemicals
Austria’s OMV and Abu Dhabi National Oil Company (ADNOC) said on Friday they are considering a joint venture to acquire Canada’s Nova Chemicals if its owner, the Abu Dhabi sovereign wealth fund Mubadala...
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says
Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January. The two Japanese...
