M&A
Russia’s Rosneft to buy 49% stake in Essar oil refinery
09 Jul 2015
Rosneft will gain a significant share in one of the biggest refineries in the Asia-Pacific region, expanding its market, particularly at a time when Russia is burdened with western sanctions
Ireland’s Horizon Pharma launches $3-bn hostile buyout bid for US rival Depomed
08 Jul 2015
The combined entity will have 13 marketed drugs, which nearly doubles Horizon’s current portfolio of seven,and is expected to result in 2015 net sales of over $950 million
Teva plans to raise bid for rival drugmaker Mylan to $42 bn
07 Jul 2015
Teva and Mylan's product offerings are highly complementary and, together, would create the broadest portfolio in the global pharmaceuticals industry, with a combined pipeline of over 400 applications for new drugs
PayPal to buy digital money transfer provider Xoom Corp for $890 mn
02 Jul 2015
Ahead of its July spin off from parent eBay, PayPal Inc today struck a deal to buy digital money transfer service provider Xoom Corp to expand into China, India, Mexico, the Philippines and Brazil
US government moves to block GE’s appliance business merger with Electrolux
02 Jul 2015
The proposed acquisition of GE's appliance's business would have seen Electrolux's sales more than double in the US market from around $2.6 billion to $4 billion
S Africa sells Vodacom stake for $2 bn to raise cash for power utility
02 Jul 2015
The S African government has sold its entire stake in mobile phone operator Vodacom Group Ltd to raise funds needed to bail out struggling power utility Eskom Holdings SOC Ltd