Madison Dearborn Partners announced today that it has signed a definitive agreement under which it will acquire a majority ownership position in Ikaria, Inc., a leading provider of proprietary and innovative therapies for the critical care ...
Rosneft announces that it signed an agreement with NOVATEK to swap assets. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK. The transaction does not involve any cash payments. ...
India-based Gland Pharma has announced an agreement under which KKR, a global investment firm, will acquire a minority stake in the company for approximately $200m, including KKR’s acquisition of the entire stake held by Evolvence ...
Tags: Gland Pharma, Medicine
Best Foods is in discussions with private equity companies to divest minority interest as the former enters ready-to-eat segment in India. Best Foods CEO Aayushman Gupta told PTI that the company plans to bring in a partner that will help ...
Tags: Best Foods, Ready-to-Eat Segment
The UK government is to allow Chinese nuclear companies to take stakes in new reactors to be built in the UK, finance minister George Osborne said Thursday on a visit to the Taishan nuclear power site in southern China. Reporting on ...
Tags: Nuclear, Metallurgy, Mineral, Energy
Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
World Bank Group member International Finance Corporation (IFC) has acquired 2.93% stake in Brazilian meat packing company Minerva, for BRL46.9m ($20.5m). IFC is also providing BRL137.7m ($60.3m) in loan to Minerva, which will use the ...
Tags: Meat Firm Minerva
Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...
Tags: reinsurance, Hannover Re
Varun Beverages, an India-based bottling arm of RJ Corp, is set to sell a minority stake in the company to private equity firms in a move to raise INR3bn ($47.5m). The company is currently in talks with four private equity firms - GIC ...
Tags: Varun Beverages, PE Firms
Allied World Assurance Holdings (Ireland) has reached an agreement with Gravity Underwriting (Gravity), to acquire its 21.2% stake, for an undisclosed sum. As per terms of the strategic alliance, Gravity will assist in business ...
First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services, and GE (General Electric) have announced a ...
Tags: Solar, Electrical, Electronics
The Australian financial services sector could be a major beneficiary if the Labor government is able to finalise the long-awaited free trade agreement with China. Analysts in Beijing believe China would be willing to allow Australian ...