UK online electricals retailer AO World said on Wednesday it would buy the retailer of used smartphones and electronic products musicMagpie for about 10 million pounds ($13.3 million) to boost its mobile and consumer...
European PE firm Altor to buy majority stake in Canada’s iconic CCM Hockey
Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada’s iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel. Private equity...
Deutsche Bahn supervisory board narrowly clears sale of Schenker to DSV
Deutsche Bahn’s (DBN.UL) supervisory board on Wednesday narrowly approved the sale of its profitable logistics business Schenker to Denmark’s DSV, batting away union opposition and pushback from rival bidder...
Greece concludes post-crisis bank privatisations with 10% stake sale in National Bank
Greece concluded on Thursday the re-privatisation of its lenders with the sale of a 10% stake in National Bank (NBG) amid strong demand from investors, sources said. The sale raised 690 million euros ($760.93 million)...
Australia’s Westpac to sell auto finance loan book to Resimac Group
Westpac Banking Corp said on Thursday it would sell its auto finance loans book to non-bank lender Resimac Group for an expected value of A$1.4 billion ($963.62 million) to A$1.6 billion at completion. Westpac...
Badia Spices to sell majority stake to investors
Family-owned Badia Spices has agreed to sell a majority stake to a group of investors including a Latin American conglomerate’s investment arm and the merchant bank BDT & MSD Partners, with three sources...
Qatar Airways to buy 25% Virgin Australia stake, raising heat on Qantas
Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access...
Drug giant Pfizer sells $3.3 bln stake in Sensodyne-maker Haleon
Pfizer sold a stake in British consumer healthcare group Haleon worth about $3.26 billion on Monday, cutting its shareholding in the maker of Sensodyne toothpaste and Panadol and Advil painkillers to 15% from 22.6%...
Eros Resources to merge with Canadian mining rivals
Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on Tuesday. The Canadian...
Russian steel magnate to buy food producer for around $745 mln, RBC cites sources
A company owned by Russian billionaire Vladimir Lisin is set to acquire Progress, one of the country’s largest baby food producers, for about 70 billion roubles ($745 million), the RBC daily reported, citing...
PepsiCo to buy tortilla-chip maker Siete Foods for $1.2 billion
PepsiCo will buy Siete Foods parent Garza Food Ventures for $1.2 billion, the Frito-Lay owner said on Tuesday, beefing up its snacking portfolio amid a shift to private-label brands among cost-conscious consumers. The...
Italy’s Brembo starts sale of Pirelli stake, dampening merger speculation
Brembo said on Tuesday it was starting a process to sell its entire stake in tyre maker Pirelli, worth around 300 million euros ($332 million), a move dampening speculation about a merger between the two Italian groups...
