Automaker Stellantis said on Wednesday it will pay $100 million to acquire 49.5% of 360 Energy Solar, one of Argentina’s leading solar power producers, in a push towards making its plants more energy self...
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European...
Australia’s Rinehart takes stake in Lynas Rare Earths, shares jump
Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken...
Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, two sources told Reuters, with an aim to tap into...
Saxo Bank explores strategic options including sale, sources say
Denmark’s Saxo Bank is exploring a possible sale, 18 months after talks to merge with a blank-cheque company fell apart, four people familiar with the matter told Reuters. The group, which offers digital trading...
Superdry plans to go private as it kicks off rescue plan
British fashion chain Superdry proposed a rescue package on Tuesday involving a fundraising backed by CEO Julian Dunkerton, quitting the London Stock Exchange and a restructuring plan, to avoid falling into...
Tapestry merger with Versace owner Capri gets EU, Japan approval
Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring...
Auto distributor Inchcape to sell UK retail business for $431 mln
British automotive distributor Inchcape said it had agreed to sell its UK retail operations to Group 1 Automotive UK for 346 million pounds ($431.43 million) in cash, following a strategic review it kicked off earlier...
Italy’s Prysmian to buy Encore Wire in $4.2 bln deal
Italy’s Prysmian will acquire copper and aluminium electrical cable maker Encore Wire for an enterprise value of about 3.9 billion euros ($4.15 billion), the companies said on Monday. Prysmian, the world’s...
BNP Paribas to acquire Fosun’s around 9% stake in Belgian insurer Ageas
BNP Paribas has signed an agreement with China’s Fosun Group to acquire its around 9% stake in Belgian insurer Ageas for a sum the French bank estimates at 730 million euros ($777 million). Ageas and BNP Paribas...
Software giant Salesforce in advanced talks to buy Informatica
Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A...
Salesforce in advanced talks to buy Informatica, source says
Salesforce is in advanced talks to acquire business software maker Informatica, a person familiar with the matter told Reuters on Friday. A deal could be announced soon, said the source, who asked not to be named...