Site Map
Search Site Content
Contact Us
CBA News
Partner Login

Latest M&A and Business NEWS

Latest M&A and Business NEWS

The bids, mergers, acquisitions, and disposals that were reported by end of February 2022.

It’s a slow start to the year for the Asia region, with start-ups raising $10.43 billion, a 34.2% decline compared to $15.86 billion raised in December 2021. Deal value slumped across the region with the largest drop in China of 53.1%, followed by more marginal drops of 8.8% and 15.5% across India and Southeast Asia.

Kuwait's National Aviation Services (NAS) said it had increased its stake in John Menzies (MNZS.L) for 32.1 million pounds ($43.61 million), taking its total ownership to about 19%, weeks ahead of a deadline to make another takeover offer for the British airport services group.

Australian financial conglomerate Macquarie (MQG.AX) is looking to buy a controlling stake in the gas transmission business of Britain's National Grid (NG.L), which could value the division at more than $10 billion, Bloomberg News reported.

Brazilian power company Neoenergia SA (NEOE3.SA) has put up for sale its 10% stake in Norte Energia, which runs the hydroelectric power plant of Belo Monte in the Amazon region, it said.

French media company Vivendi (VIV.PA), in which billionaire Vincent Bollore has the biggest individual stake, is considering raising its cash offer for Paris Match magazine owner Lagardere (LAGA.PA), as Vivendi progresses towards a Lagardere takeover.

U.S. sports merchandise retailer Fanatics said it had acquired 118-year-old Mitchell & Ness, known for its jersey replicas and streetwear, along with American rapper Jay-Z and other celebrities.

DuPont (DD.N) said it would sell most of its mobility and materials business for $11 billion to Celanese Corp, as the industrial materials maker continues to tweak its portfolio to focus on high-margin operations.

Brazilian energy company Energisa Transmissao de Energia SA (ENGI11.SA) said it has agreed to acquire power transmission company Gemini Energy SA in a deal worth around 822 million Reais ($158.94 million).

Brazilian payment processor Cielo SA (CIEL3.SA) said it has agreed to sell its stake in U.S. firm Merchant e-Solutions Inc. to a unit of Integrum Holdings LP for up to $290 million, sending its shares sharply higher to six months highs.

Private equity firm Advent International Corp has acquired a 25% stake in Brazilian construction materials manufacturer Tigre Group for 1.35 billion reais ($262 million), both companies said, eyeing an expected infrastructure boom in the U.S. and Brazil.

Porsche Middle East’s order book bulges to highest in a decade. Luxury car maker forecasts strong 2022 on back of nearly 7,000 deliveries last year.

Warren Buffett said Berkshire Hathaway Inc's (BRKa.N) recent investment in Activision Blizzard Inc (ATVI.O) has been "no bonanza" for Berkshire and was made without knowing the video-game maker would receive a takeover offer from Microsoft Corp (MSFT.O).

U.S. cybersecurity firm NortonLifeLock Inc delayed the expected completion date for its buyout of London-listed rival Avast Plc (AVST.L) to April 4, saying it was awaiting regulatory nods in the United Kingdom and Spain.

Brazilian meatpacker JBS SA (JBSS3.SA) said it withdrew a proposal to acquire the remaining shares of its U.S.-based subsidiary Pilgrim's Pride (PPC.O).

UAE now the world’s biggest rough diamond hub, trading over $22.8bn in 2021
The UAE has increased its rough diamonds trade by 76 percent since 2015, overtaking Belgium as the world’s leading rough trade hub.

Expo 2020 Dubai visits nearing 15 million. The global event is nearing the 15 million visit mark with less than 40 days left.

Kuwait Airways adds small, long-range jets in Airbus order swap. Kuwait Airways chairman Ali Al-Dukhan says he had made it his top priority to restructure the deal.

Nestle’s CEO Says company still favours small and mid-sized deals. Nestle SA chief executive officer Mark Schneider said the world’s largest food and beverage company is more interested in small and mid-sized deals, though he wouldn’t rule out a larger acquisition.

CVC buys Lipton Tea owner from Unilever for $5B. Unilever Plc has agreed to sell some of the world’s best-known tea brands, from Lipton to PG Tips, to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. Demand for tea has suffered in recent years amid a shift to flavourful herbal alternatives and artisan coffee.

 

searchenvelope-ouserth-listcheckcloselist-altarrows-vtwitter-squarefacebook-squarekeylinkedin-squaregavelbullseyeat