Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising, its founder said. He did not disclose the financial terms of the...
ECB clears Monte Paschi’s takeover bid for Mediobanca, source says
The European Central Bank has cleared Monte dei Paschi di Siena’s proposed acquisition of rival Mediobanca, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshape Italian finance...
Liberty Media receives nod from EU regulators for MotoGP deal
Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday...
Italy’s stake sale of Monte dei Paschi under EU scrutiny, FT reports
The European Commission is examining the Italian government’s sale of a 15% stake in Monte dei Paschi di Siena last year, following claims that large investors were shut out of the bidding process, the Financial...
Prosus ‘very confident’ of early EU approval for $4.7-billion Just Eat deal
Prosus is “very confident” of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com, the Dutch technology investor said on Monday. Prosus sought...
Anthony Pompliano’s crypto venture ProCap Financial to go public via SPAC deal
Anthony Pompliano’s crypto venture ProCap Financial will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp, the American entrepreneur said on Monday. The combined company...
NCLAT directs NCLT to hear, pass order on Gensol’s former independent director plea
The appellate tribunal NCLAT has directed the NCLT to hear and pass an order on the plea moved by former Gensol Engineering independent director Harsh Singh against the tribunal verdict for investigation against...
Metro’s biggest shareholder open to selling stake, sources say
Colombian billionaire Jaime Gilinski Bacal is open to selling his majority stake in British lender Metro Bank and has received interest from investors, two people with knowledge of the matter said. Gilinski, who sits on...
Buyout firm Penta chooses bankers for sale of Britain’s Amber River, sources say
Private equity firm Penta Capital has enlisted bankers to sell financial planning company Amber River, four sources familiar with the matter said, in what would be the latest in a wave of dealmaking to hit...
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia
ArcelorMittal, the world’s second-largest steelmaker, said it signed a deal on Friday to sell its operations in Bosnia and Herzegovina, comprising a steel mill and an iron ore mine, to the Bosnia-based Pavgord...
Haveli Investments to buy AI database firm Couchbase for about $1.5 billion
Haveli Investments will acquire Couchbase for about $1.5 billion, the companies said on Friday, as the private equity firm looks to capitalize on the artificial intelligence-focused database company’s platform...
Struggling retailer Homeplus gets approval for sale plan from South Korean court
A South Korean court approved on Friday grocery retailer Homeplus’s plan to sell the struggling company, in a move that the court said was aimed at providing funds to repay creditors and to ensure job security for...
