Brazilian energy company Eneva said on Thursday it has acquired a 0.5% stake in AES Tiete to enjoy shareholder benefits and take part in general assemblies while it negotiates a merger with the company. On March 1...
Virus Outbreak Could Lead Companies to Renegotiate M&A Deals
Companies are considering renegotiating previously announced mergers and acquisitions after the outbreak of the coronavirus, according to law firm Hogan Lovells. Some dealmakers are seeking to change the terms of...
CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius
Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The...
Cadila board okays transfer of animal healthcare business to subsidiary
Drug firm Cadila Healthcare on Wednesday said its board has approved the transfer of its animal healthcare business to its wholly-owned arm Zydus Animal Health and Investments Ltd (ZAHL) as part of its internal...
CPPIB looks to buy 35% stake in JM Baxi unit for ₹1,400 crore
Mumbai-based logistics firm JM Baxi is in the final stages of discussions to raise ₹1,400 crore as equity investment from the Canada Pension Plan Investment Board (CPPIB), three people aware of these discussions said...
California, other states end opposition to T-Mobile, Sprint merger
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation have agreed to end their opposition to the deal in a...
Latin American venture firm Mountain Nazca buys scooter company Grow
Venture capital fund Mountain Nazca has acquired a controlling stake in unlisted Latin American scooter firm Grow Mobility, the companies said on Wednesday, without disclosing financial details. Under terms of the deal...
Telecom Italia holds out for control of single broadband network
Telecom Italia (TIM) expects to make decisive progress this year on plans to provide Italy with ultra-fast broadband, but it will never accept a minority stake in any unified network created by a tie-up with smaller...
Co-op Bank Kenya seeks to fully acquire Jamii Bora Bank
The Co-operative Bank of Kenya has offered to fully acquire Jamii Bora Bank, the central bank said on Wednesday, in the latest instance of consolidation in the banking industry. The 55-year old Co-op Kenya, which is...
Invitae Acquires Diploid, Maker Of AI Engine To Enable Clinical Diagnosis Using Whole Genome Sequencing In Minutes
* INVITAE ACQUIRES DIPLOID, MAKER OF ARTIFICIAL-INTELLIGENCE ENGINE TO ENABLE CLINICAL DIAGNOSIS USING WHOLE GENOME SEQUENCING IN MINUTES * INVITAE CORP – WILL ACQUIRE DIPLOID FOR APPROXIMATELY $95 MILLION *...
Telefonica, TIM plan joint bid for bankrupt Brazilian carrier Oi
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings. The companies...
Goldman Sachs is ‘very open’ to acquisitions – CFO
Goldman Sachs Group Inc Chief Financial Officer Stephen Scherr said on Tuesday the bank is “very open” to acquisitions, especially those that would speed the growth of its existing businesses. “”We’re … very open...
