Buyout firm Advent International plans to sell a majority stake in U.S.-based Bioduro-Sundia in a deal that could value the drug development and manufacturing outsourcing provider at over $1 billion, said three people with knowledge of the matter.
Singapore-listed Thai Beverage said on Thursday it will again defer the spin-off and initial public offering (IPO) of its regional beer business, BeerCo, due to recent market volatility.
HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the move could unlock up to $35 billion in value.
NEW YORK (Reuters) -SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% to 14.6%.
Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).
U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price.
TOKYO (Reuters) -SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to shore up its cash reserve to weather the market downturn.
CAIRO (Reuters) -The Saudi Egyptian Investment Co (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt's planning ministry said on Wednesday.
India's JSW Energy said on Wednesday that its unit JSW Neo Energy has agreed to buy some renewable energy capacity from Mytrah Energy (India) for about 105.30 billion rupees ($1.32 billion).
SYDNEY/LONDON (Reuters) -BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed.
KIAWAH ISLAND, S.C. (Reuters) -President Joe Biden plans to travel across the United States in the coming weeks to tout a series of legislative wins on climate change, gun control and drug pricing in a bid to boost his party's chances in the looming midterm elections, White House officials said on Thursday.