M&A
GMR sells 49% in airports business to Aéroports de Paris for Rs10,780 cr
21 Feb 2020
The acquisition will be made in two tranches - the first to be realised within the coming days for a 24.99 per cent stake and the second, for 24.01 per cent, subject to certain regulatory conditions
Sanjeev Gupta’s GFG Alliance closes acquisition of Adhunik Metalics
19 Feb 2020
For India-born Sanjeev Gupta, who heads Liberty Steel and the GFG Alliance, the acquisition of Adhunik Metalics is a big stride in the Indian Steel market
Bombardier may sell its $7 bn train business to Alstom: report
17 Feb 2020
If the deal goes through, the Canadian firm, which last week sold its 33.5 per cent stake in Airbus’s A220 programme, may well be exiting the train business as well
Dr Reddy’s to acquire select businesses of Wockhardt for Rs1.850 cr
13 Feb 2020
Wockhardt would transfer 62 of its brands in therapy areas such as Respiratory, Neurology, VMS, Dermatology, Gastroenterology, Pain and Vaccines as also its plant in Baddi, Himachal Pradesh along with all employees, including related sales and marketing teams to Dr Reddy’s on a slump sale basis
Xerox raises offer price for HP to $34 billion
12 Feb 2020
Xerox Holdings Corp is reported to be considering a takeover of personal computer and printer maker HP Inc, which is thrice its size, in a move that would end rivalry in the market for printers
Nirma to acquire Emami Cement in Rs5,500-cr deal
07 Feb 2020
Total to acquire 50% of Adani’s solar business for $500 million
07 Feb 2020
As per the agreement, Total and Adani Green Energy Limited will create a 50-50 joint venture into which all of Adani Group’s solar assets will be transferred
Worldline, Ingenico to combine in $8.7 bn deal
04 Feb 2020
The merger will create the world’s fourth-largest payment service provider with proforma 2019 net revenues of €5.3 billion and combined revenue of €2.5 billion
Brazil approves Boeing-Embraer strategic partnership
29 Jan 2020
The partnership now only needs regulatory approval from the European Commission, which, Boeing on Monday said, it is confident of getting
Kone offers $19 billion for Thyssenkrupp's elevator business
29 Jan 2020
Kone, however, said its discussions with ThyssenKrupp have been non-exclusive, and there is no certainty that the discussions will lead to any agreement or transaction
Govt allows up to 100% FDI in Bharti Airtel
22 Jan 2020
With the government’s decision to allow 100 per cent foreign shareholding in Bharti Telecom the company will soon be a foreign-owned entity, in turn making Bharti Airtel a foreign entity
Uber sells food delivery business in India for 9.9% stake in Zomato
21 Jan 2020
The deal gives Uber nearly 10 per cent stake in Zomato, which has a current valuation of $3.55 billion