Business
BP to sell 65% stake in Castrol to Stonepeak for US$6 billion
The sale proceeds, which include US$800 million for accelerated dividend payments, will be used to reduce debt BP said on Wednesday (Dec…
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stake
Business
Japan’s Eneos leads bids for Chevron’s Singapore oil refinery stake
Japan’s Eneos Holdings is ahead of rival bidders for US heavyweight Chevron’s stake in a Singapore oil refinery, according to people…
Business
Volare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit Mindarie Investment,…
Business
Mandatory offer for Alpha Integrated Reit at S$0.48 each following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit Mindarie Investment,…
Business
Sony owns a majority stake in the ‘Peanuts’ after $457 million buyout for WildBrain
Happiness is taking control of a beloved comic strip. Sony is buying a 41% stake in the Charles M. Schulz comic “Peanuts” and its…
Business
Coty Divests Remaining Stake in Wella
PARIS – Coty Inc. continues deleveraging and divesting non-core assets, and has sold its remaining 25.8 percent stake in hair care giant…
Business
Will Money Talk? Elliott Takes $1 Billion Stake in Lululemon, Pushes for Ralph Lauren Exec to Be Next CEO
Lululemon Athletica founder Chip Wilson has been agitating for change, and the outspoken critic now has activist investor Elliott…
Business
Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO…
Business
EXCLUSIVE: MadaLuxe Takes Major Stake in Ippolita Jewelry Brand
MadaLuxe Group, the diversified bicoastal company involved in distributing luxury goods and investing in fashion technologies, has…
Business
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong F&N Dairy Investments…
Business
Kering Sells 60% Stake in Fifth Avenue Property
Continuing to shed real estate assets to raise cash and reduce its debt, Kering announced a joint venture agreement with private equity…
Business
MUFG said to near deal for stake in India’s Shriram
Mitsubishi UFJ Financial Group is nearing a deal to buy a minority stake in India’s Shriram Finance, according to people familiar with the…
News
Senator says FAA administrator failed to sell multimillion-dollar airline stake as promised
The head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a…
Business
Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion Shares of Hongkong…
Business
Keppel Reit to acquire additional one-third stake in MBFC Tower 3
Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU Keppel Reit has agreed to acquire…
Business
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally…
Business
L’Oréal Increases Stake in Galderma to 20 Percent
PARIS – L’Oréal is delving deeper into aesthetics with the acquisition of another 10 percent stake in Galderma Group AG, the pure-play…
Business
Nvidia takes US$2 billion stake in Synopsys as AI deal spree accelerates
The deal adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem Nvidia has invested US$2 billion in chip…
Business
SoftBank’s Son ‘cried’ about Nvidia stake sale to fund AI bets
The company needs to raise capital to fund projects including data centre construction SoftBank Group founder Masayoshi Son said he…
Business
Centurion takes 25% stake in Perth student accommodation project for A$6m
Centurion Corporation has expanded its Australian footprint into Perth, Western Australia, acquiring a 25 per cent equity interest in a…
Business
Temasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets…
Business
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49% Singapore’s biggest bank has withdrawn an…
Business
TPG, Warburg weigh US$500 million stake in India-rooted Sirion
TPG Capital and Warburg Pincus are in early talks to buy a stake in Sirion Labs, a Partners Group Holding-backed software business…
Business
Lufthansa enters race for TAP stake against Air France-KLM
TAP is of interest to bigger players due to its routes to Brazil and Portuguese-speaking Africa Germany’s Lufthansa on Thursday (Nov 20)…