News

Tue, 19 Mar 2019 18:10:30 GMT

India's Mindtree scraps hostile takeover bid by L&T

On Tuesday, India's Mindtree rejected a hostile takeover bid made by the conglomerate Larsen & Toubro, claiming the company's plan to buy a majority stake would not create any value for the IT services firm.

Tue, 19 Mar 2019 18:03:23 GMT

Indian-Omani group to construct Sri Lanka oil refinery

Oman's Ministry of Gas and Oil and India's Accord Group have clinched a deal to construct a Sri Lanka oil refinery, a challenging move aimed at China, which had been the leading foreign investor in the country until that time.

Tue, 19 Mar 2019 17:36:52 GMT

Macquarie to sell Gdansk port terminal for $1.3B

Australia's Macquarie has agreed to sell Poland's Gdansk container terminal to an investor consortium, which includes the Polish sovereign wealth fund PFR, in a deal valued at $1.3B.

Tue, 19 Mar 2019 17:30:14 GMT

Cemex shares soar on German assets deal

Shares of the Mexican cement producer Cemex surged by over 2% on Tuesday after the firm had announced a sale of its aggregates and assets in Germany.

Tue, 19 Mar 2019 16:25:29 GMT

Jones Lang LaSalle to acquire HFF for $2.0B

Jones Lang LaSalle, the real estate services operator announced on Tuesday it would acquire HFF Inc, the provider of capital markets services, in the cash-and-stock deal worth around $2.0B.

Tue, 19 Mar 2019 16:21:33 GMT

INEOS acquires US titanium dioxide unit for $700M

On Tuesday, the British chemicals company INEOS stated it would acquire Cristal's US titanium dioxide business unit from Tronox in a deal valued at $700M.

Tue, 19 Mar 2019 15:39:30 GMT

Asian hospital business draws interest from PE firms

The global private equity companies, such as Carlyle, KKR and CVC, have raised their interest in the Asian hospital business owned by Columbia Pacific Management, in a possible deal that could attract about $2.0B.

Tue, 19 Mar 2019 15:35:38 GMT

Merkel not to interfere into Commerzbank-Deutsche merger

On Tuesday, Germany's Chancellor Angela Merkel stated she was not eager to take a stand on the potential merger between Deutsche Bank and Commerzbank, saying only the lenders could decide on their deal.

Tue, 19 Mar 2019 14:39:42 GMT

Blackstone, Advent bid for WPP's unit Kantar

Blackstone and Advent, the US buyout funds, have entered talks with the advertising group WPP, seeking to bid for the majority stake in the data analytics company Kantar.

Tue, 19 Mar 2019 14:29:01 GMT

Fiat Chrysler shares up on Peugeot interest

On Tuesday, Fiat Chrysler shares surged as much as 5.2%, after the head of the Peugeot family holding group FFP stated he would back a potential merger deal with Fiat Chrysler.

Tue, 19 Mar 2019 12:00:48 GMT

AMS agrees JV for environmental sensor unit

Austria's chipmaker and Apple supplier AMS agreed on joint venture for the environmental sensor business formed with the private equity firm Wise Road Capital, as the company seeks to focus on other areas of the business.

Tue, 19 Mar 2019 11:53:35 GMT

AXA to cut stake in AXA Equitable below 50%

The French insurer AXA stated it would cut 40M shares in AXA Equitable Holdings by selling them via the secondary offering on the back of the company's plan to divest from its US life insurance business.

Tue, 19 Mar 2019 10:57:00 GMT

Theresa May works around Brexit obstruction

On Tuesday, the Prime Minister of the United Kingdom was looking for a way to bypass the ruling of the Parliament Speaker that forbid another Brexit vote without making changes to the deal.

Tue, 19 Mar 2019 10:56:32 GMT

Evergrande will produce electric vehicles

The Chinese property group Evergrande announced on Tuesday that it will start producing electric cars in June. The company intends to become the largest electric vehicle company.

Tue, 19 Mar 2019 10:38:20 GMT

Westpac withdraws from financial advice business

On Tuesday, Westpac Banking announced it would withdraw from the financial advice business due to regulators' pressure on the sector, urging the banks to act in the best interests of customers.

Tue, 19 Mar 2019 10:33:53 GMT

Golden Gate, Hanwha to invest in Southeast Asia firms

Singapore's venture capital company Golden Gate Ventures has signed a partnership with the South Korean firm Hanwha Asset Management, as they seek to invest into the Southeast Asian start-ups of the financial inclusion technologies and marketplaces areas.

Tue, 19 Mar 2019 09:36:56 GMT

Liechtenstein's LGT seeks for acquisitions

Liechtenstein's private bank LGT is moving towards acquisitions, as it seeks to boost business after it bolstered profit 11% to $313.8M due to acquisition deals last year.

Tue, 19 Mar 2019 09:27:51 GMT

EasyJet exits from consortium amid Alitalia issue

EasyJet has decided to withdraw from the consortium that is considering options for the Alitalia operations, adding it had previously discussed the case with Delta AirLines and Ferrovie dello Stato Italiane.

Tue, 19 Mar 2019 08:19:46 GMT

Embraer head to step down amid Boeing deal

Paulo Cesar de Souza e Silva, the CEO of Embraer, is set to step down in April, as the Brazilian planemaker is getting ready to hand over control of the commercial aviation unit to Boeing in a deal worth $4.2B.

Tue, 19 Mar 2019 08:14:37 GMT

Blackstone joins BlackRock, KKR in Mexico PE fundraising

Blackstone Group has joined KKR and BlackRock in Mexico expansion on the back of the regulatory changes, raising $695M from the Mexico pension funds for the company's local private equity funds.

Tue, 19 Mar 2019 07:38:17 GMT

Stadler to launch IPO on SIX Swiss Exchange

The Swiss trainmaker Stadler Rail is set to launch an initial public offering with the SIX Swiss Exchange as soon as the coming months, it stated on Tuesday, seeking to sell shares from the 80% held by its owner Peter Spuhler.

Tue, 19 Mar 2019 07:34:03 GMT

GM explores options for Lyft stake amid IPO

General Motors is considering options for its stake in Lyft, potentially worth about $1.27B, as the ride-hailing company is moving towards its initial public offering on March 29.

Tue, 19 Mar 2019 05:40:52 GMT

US investigate Kia and Hyundai

Late on Monday the Attorney General of Connecticut announced that a group of US states are investigating the recent Kia and Hyundai actions in regards to vehicle fires.

Tue, 19 Mar 2019 05:40:25 GMT

Netflix will not join Apple TV

On Tuesday, Netflix announced that it will not make its movies and shows available on Apple TV. Netflix intends to compete with the upcoming Apple platform instead of working with it.

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