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Business

  • 31.08.2020
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Brazil's Petrobras closes $1.5 billion deal to sell stake in African joint venture

Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV, which hold...

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  • 31.08.2020
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Anglo American likely to confirm deal to buy Sirius ahead of deadline: sources

Anglo American Plc. is likely to confirm a deal to buy fertilizer company Sirius Minerals Plc. for more than $500 million excluding debt, ahead of an early February deadline to finalise its...

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  • 31.08.2020
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Australia's Resolute to sell Ravenswood gold mine for $207 million

Resolute Mining Ltd. said on Wednesday it will sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital.

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  • 31.08.2020
  • 2014
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China's Cedar buys steel trading group Stemcor

Chinese commodities group Cedar Holdings has agreed to buy the Stemcor Group, one of the world’s biggest steel traders, for an undisclosed sum, Stemcor said on Tuesday.

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  • 31.08.2020
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China's Great Wall agrees to buy General Motors' India plant

Great Wall Motor has agreed to buy General Motors’ car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand.

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  • 31.08.2020
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CITIC Capital bidding for 22% McDonald's China stake: chief

Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald’s Corp’s mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on T...

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  • 31.08.2020
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Lebanon's Bank Audi in talks with UAE's FAB to sell Egyptian unit

Lebanon’s Bank Audi said on Thursday it was in exclusive negotations with First Abu Dhabi Bank FAB.AD to sell its Egyptian unit in a move aimed at boosting its liquidity and financial resili...

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  • 31.08.2020
  • 1954
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Siemens buys Indian electrification company in $296 million deal

Siemens is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said on Friday.

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  • 31.08.2020
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Vodafone to sell stake in Egyptian unit to Saudi Telecom for $2.4 billion

Saudi Telecom Co., the kingdom’s biggest telecom operator, has struck a preliminary deal to buy Vodafone Group’s 55% stake in Vodafone Egypt for $2.4 billion, as it seeks growth in the Arab...

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  • 31.08.2020
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LendingClub to acquire Radius Bank for $185 million

LendingClub Corp on Tuesday agreed to buy U.S. digital lender Radius Bank in a cash-and-stock deal valued at $185 million, as it looks to gain access to a cheaper source of funding and offer...

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  • 31.08.2020
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Ally Financial to buy CardWorks in $2.65 billion deal

Auto lender Ally Financial Inc on Tuesday agreed to acquire privately held CardWorks for $2.65 billion as it looks to diversify its consumer product offerings, supported by a growing and low...

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  • 31.08.2020
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Shipping group Maersk to buy U.S. warehousing and distribution firm

Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customized logistics...

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  • 31.08.2020
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Thyssenkrupp sells elevator unit for $18.7 billion to Advent, Cinven consortium

Thyssenkrupp AG.said on Thursday it agreed to sell its elevators division to a consortium of Advent, Cinven and Germany’s RAG foundation for 17.2 billion euros ($18.7 billion) in what could...

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  • 31.08.2020
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Costco buys logistics firm Innovel for $1 billion

Costco Wholesale Corp. said on Tuesday it had acquired Innovel Solutions for $1 billion, as the membership-only retailer beefs up its final-mile delivery of bulky products across the United...

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  • 31.08.2020
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Retailer Casino to sell Leader Price assets in France to Aldi

Debt-laden French retailer Casino has agreed to sell 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million...

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  • 31.08.2020
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iDreamSky Attracts Sony, JD.com to $200 Million IPO

iDreamSky Technology Holdings Ltd., a Chinese game distributor, has attracted Sony Corp. and JD.com Inc. as cornerstone investors for its planned Hong Kong initial public offering, people wi...

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  • 31.08.2020
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Flybe in talks with Virgin Atlantic for possible sale

Flybe Group Plc (FLYB.L) is in talks for a possible sale to Virgin Atlantic Airways Ltd, the British regional airline said on Friday, as it grapples with falling demand, higher fuel costs an...

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  • 31.08.2020
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Logitech ends negotiations to acquire Plantronics

Logitech International SA (LOGN.S), a Swiss manufacturer of keyboards and webcams, has ended discussions to acquire Plantronics Inc (PLT.N), a U.S. maker of Bluetooth earpieces and gaming he...

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  • 31.08.2020
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Bain Said to Explore Takeover Bid for Germany

Bain Capital is exploring a takeover bid for German lighting-products manufacturer Osram Licht AG, which has a market value of 3.8 billion euros ($4.3 billion), according to people with know...

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  • 31.08.2020
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Volkswagen planning new North America factory for electric vehicles

Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wedne...

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