World news

  • 31.08.2020
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Shire to Sell Oncology Business to Servier for $2.4 Billion

Divestment may increase attractiveness of Shire for Takeda Oncology accounted for about 1.8 percent of Shire’s 2017 sales

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  • 31.08.2020
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Carl Icahn sells Tropicana casinos in $1.85 billion deal

Billionaire investor Carl Icahn is cashing out of casino business Tropicana Entertainment in a $1.85 billion deal that will see Eldorado Resorts picking up Tropicana’s casino operations incl...

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  • 31.08.2020
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Carl Icahn buys stake in software provider VMware: CNBC

Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc, CNBC reported on Tuesday.

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  • 31.08.2020
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Whirlpool to sell Embraco compressor business to Japan

Home appliance maker Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing bus...

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  • 31.08.2020
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Aramco and France’s Total Looking at Buying Saudi Fuel Stations

Firms are also exploring consolidation or starting a new firm Credit Agricole, Saudi Fransi advising on fuel station plans

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  • 31.08.2020
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Russia gives tentative nod to Schlumberger's acquisition of EDC stake

Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a...

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  • 31.08.2020
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Boeing to buy aerospace parts maker KLX for about $3.2 billion

Plane maker Boeing Co said on Tuesday it will buy aerospace parts company KLX Inc for about $3.2 billion in cash to expand its aircraft services business.

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  • 31.08.2020
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Prince Alwaleed's firm sells Movenpick Hotels to AccorHotels

Prince Alwaleed bin Talal’s Kingdom Holding and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels.

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  • 31.08.2020
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Logistics leader Prologis to acquire DCT Industrial for $8.4 billion

Prologis Inc, a logistics company with a global footprint, will acquire smaller U.S. rival DCT Industrial Trust Inc in an $8.4 billion all-stock transaction, including the assumption of debt...

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  • 31.08.2020
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National Grid to Sell Cadent Stake for 1.2 Billion Pounds

National Grid Plc agreed to sell its remaining 25 percent stake in the U.K.’s biggest gas distribution business to focus on assets that deliver higher growth.

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  • 31.08.2020
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Embattled Abraaj frees private equity investors from capital commitments

Embattled private equity firm Abraaj has begun freeing large investors from millions of dollars in capital commitments after deciding to suspend its new fund, the Dubai-based asset manager s...

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  • 31.08.2020
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Uber’s Travis Kalanick Starts Fund to Invest in Tech Startups

Travis Kalanick, the former chief executive officer of Uber Technologies Inc., said he’s forming an investment fund to back technology startups.

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  • 31.08.2020
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Exclusive: China Resources Beer in talks to acquire Heineken

China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growt...

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  • 31.08.2020
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Las Vegas Sands Sells Casino in Pennsylvania for $1.3 Billion

Sale comes after potential deal with MGM Resorts fell apart Sands focusing investment in international destinations

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  • 31.08.2020
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Dragon Capital bought the shopping mall Victoria Gardens - the largest in Lviv

Dragon Capital Investments Limited has completed the transaction for the purchase of the shopping center Victoria Gardens in Lviv from two Turkish private investors

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  • 31.08.2020
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EON to Acquire RWE's Innogy, Upending German Energy Industry

RWE will emerge owning minority stake in enlarged EON Deal sees RWE taking both Innogy and EON’s renewable assets

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  • 31.08.2020
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Biggest Dubai Bank Courts Foreigners as It Plans Turkey Purchase

Emirates NBD to raise capital as it prepares bid for DenizBank Lender to increase its foreign ownership limit to 20% from 5%

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  • 31.08.2020
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Adidas to buy back up to 9 percent of share capital

Adidas plans to buy back up to 3 billion euros ($3.72 billion) of its shares by May 11, 2021, representing almost 9 percent of its share capital, it said on Tuesday, including up to 1 billio...

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Auto parts maker Magna invests $200 million in Lyft

Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars...

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  • 31.08.2020
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Berkshire Finally Reveals Price of Its Only Major Deal in 2017

Warren Buffett said his Berkshire Hathaway Inc. made only one “sensible” stand-alone acquisition last year, and it didn’t do much for his growing pile of cash.

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