M&A
Rosneft-led group buys Essar Oil and related operations for $12.9 bn
15 Oct 2016
The all-cash deal encompasses EOL’s 20 million tonne refinery in Gujarat, India, and its pan-India retail outlets
Chinese giants Sinochem Group and ChemChina in merger talks
14 Oct 2016
The deal has been proposed by the Chinese central government as part of its plan to reduce the number of state-owned companies and create larger, globally more competitive businesses
Lupin, BC Partners shortlisted for Bayer’s $1.1 bn dermatology business
14 Oct 2016
Lupin is mainly attracted by the Bayer dermatology business's regional presence in North America, where it is keen to expand
Rosneft-led consortium to buy Essar Oil in $12-13 bn deal
14 Oct 2016
The deal, which includes Essar’s Vadinar refinery, power plant serving the refinery, the Vadinar port and more than 2,500 fuel pumps, is expected to be funded by Russia’s VTB Capital, part of state-controlled bank VTB
Government looking at merger of two big PSU banks: report
12 Oct 2016
The near-term target is a merger of Bank of Baroda and Bank of India, which will then take over a smaller and weaker bank, a Reuters report quoted Bank Board Bureau chief Vinod Rai as saying
Coca-Cola to buy AB InBev's stake in Africa's biggest Coke bottler
12 Oct 2016
The move comes after AB InBev closed its $104-billion acquisition of SABMiller Plc on Friday, one of the largest-ever mergers in corporate history