M&A

Deutsche Bank and Commerzbank merger news worries workers unions

Combining Germany’s two largest banks could result in 30,000 job losses, a union warned, prompting Merkel’s chief of staff to say the government was scrutinising the issue. – TFMNews BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on Monday after confirming merger talks. The […]

M&A

TPG Capital to acquire majority stake for $930 Million in Goodnight Midstream

TPG Capital will acquire a majority stake in Goodnight Midstream for about $930 million. As part of the deal, Tailwater Capital LLC and Goodnight Midstream’s other investors will maintain minority stake. Dallas based Goodnight Midstream provides oilfield water infrastructure to oil and gas producers. – TFM News TPG Capital, the private equity platform of global […]

M&A

Singapore’s Temasek Holdings to acquire 30% stake in Danish engineering

Temasek (TEM.UL) will subscribe to secondary shares issued by the Topsoe family, which currently owns 100 percent of the company through Haldor Topsoe Holding A/S. By Reuters|TFM News SINGAPORE (Reuters) – Singapore state investor Temasek Holdings agreed to acquire about 30 percent of Denmark’s Haldor Topsoe A/S, the companies stated. As per the source, in […]

Business News M&A

India’s bankruptcy court NCLT approves ArcelorMittal’s takeover of Essar Steel

India’s bankruptcy court National Company Law Tribunal (NCLT) approves ArcelorMittal’s takeover of 10 million tonne steel plant of Essar Steel ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan’s Nippon Steel & Sumitomo Metal Corp, paving the way […]

M&A

Egypt’s EFG Hermes is recommending on $500 million merger and acquisition agreement in Saudi Arabia

Egypt’s EFG Hermes is recommending on $500 million merger and acquisition agreement in Saudi Arabia Highlights Saudi Arabia has made captivating bigger foreign investment a key part of its economic Vision 2030 strategies. EFG Hermes is one of the banks advising on the possible $1 billion listing of Fawaz Alhokair Group’s Arabian Centers Company. EFG […]

M&A

Carlyle Group obtains 9% stake in SBI Life from BNP Paribas Cardif’s current stake

Carlyle Group obtains 9% stake in SBI Life from BNP Paribas Cardif’s current stake Highlights Carlyle Group has bought 9.2 crore shares or 9.23 percent stake out of existence stake from BNP Paribas Cardif. The transaction valued Rs.4600 crore after 10 percent discount on Thursday closing of Rs.580.50. Carlyle’s value for this venture originated from […]

M&A

Britain’s Marks & Spencer and Ocado started $2 billion online supermarket partnership

Britain’s Marks & Spencer and Ocado started $2 billion online supermarket partnership Highlights M&S, Britain’s best recognized stores group, has slacked opponents in taking advantage of Britain’s quickest developing grocery market Under the agreement, Ocado’s retail arm will turn into a combined venture with M&S, which will pay 750 million pounds ($1 billion) for its […]

M&A World News

Stakeholders approved deal to sell 80% of Brazil’s Embraer commercial jet division to Boeing

Stakeholders approved deal to sell 80% of Brazil’s Embraer commercial jet division to Boeing The exchange esteems Embraer’s commercial aircraft operations at 5.26 billion USD and Boeing’s 80% offer at 4.2 billion USD. – TFM Watch Stakeholders of Brazilian aircraft producer Embraer endorsed the pact to sell 80% of the its commercial jet division to […]

M&A World News

U.S Justice asks Judge approve merger agreement; CVS and Aetna may sign off the deal

U.S Justice asks Judge to approve merger agreement; CVS U.S. drug store chain and Aetna may sign off on the deal Reuters – TFM Watch WASHINGTON (Reuters) – The U.S. Justice Division officially asked a judge on Monday to approve its agreement to allow CVS Health Corp to merge with guarantor Aetna. Judge Richard Leon of […]

M&A World News

Barrick Gold Corp’s CEO shields Newmont Mining’s $18 billion offer

Barrick Gold Corp’s CEO shields the world’s biggest gold producer’s hostile $18 billion offer for Newmont Mining Corp Barrick, which finished a $6.1 billion procurement of Africa engrossed Randgold Resources, announced all stock offer on Monday. – TFM Watch HOLLYWOOD, Fla. (Reuters) – Barrick Gold Corp’s CEO shields the world’s biggest gold producer’s hostile $18 […]

Business News

News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 25Th Feb – 27Th Feb Prakash Poojary, TFM News 100 sugar mills may face SEBI action; crackdown could freeze cane procurement: Report Private placement norms allow an unlisted company to privately sell shares to a maximum of 49 people HG Infra bags an EPC order […]