In a statement Rolls-Royce said, it has agreed to sell its Spanish unit ITP Aero for $2.0 billion (1.7 billion euros) to a consortium led by Bain Capital Private. The development sees the British engineering company closing in on its… Read More ›
divestment
French retailer Carrefour to divest Taiwan business
According to three sources with knowledge of the matter at hand, French retailer Carrefour plans on launching a sale of its Taiwan business, which is valued at around $1.9 billion (1.6 billion euros) in the coming weeks. Carrefour has hired Morgan Stanley to… Read More ›
Ebay Inc sells South Korean business to Shinsegae Group and Naver for $3.6 billion
On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
Amazon.com Inc in talks to acquire movie studio MGM
According to a source familiar with the matter at hand, Amazon.com Inc is negotiating the potential acquisition of iconic U.S. movie studio MGM. The status of Amazon’s discussions with MGM is so unclear and it is possible that they may not… Read More ›
Nestle selling most of its North American water brands to Private equity firms Metropoulos & Co and One Rock Capital Partners for $4.3 billion
On Wednesday, Nestle SA said it will be selling its North American water brands including Poland Spring and Pure Life to private equity firms Metropoulos & Co and One Rock Capital Partners for $4.3 billion. The sale also includes brands… Read More ›
Movie studio MGM Holdings exploring potential sale
According to a source familiar with the matter at hand, U.S. movie studio MGM Holdings is exploring a sale. MGM Holdings, the studio behind the hugely popular “James Bond” franchise, has tapped investment banks Morgan Stanley and LionTree LLC and… Read More ›
XPO Logistics Inc spins-off warehousing and logistics business into separate publicly traded company
In a statement XPO Logistics Inc said it plans on spinning off its warehousing and logistics business into a separate publicly traded company. While the freight transportation and truck brokerage businesses will continue to remain with XPO, the new company… Read More ›
Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›
Dunkin’ Brands Group Inc in early negotiations to sell itself to Inspire Brands
In a statement Baskin Robbins chains owner Dunkin’ Brands Group Inc said, it has held preliminary discussions with private equity-backed restaurant company Inspire Brands. “There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of… Read More ›
Wells Fargo exploring sale of asset management business: Sources
In what is likely to be Wells Fargo & Co’s biggest shake up since former Bank of New York Mellon chief executive Charles Scharf joined the bank as its CEO in 2019, sources familiar with the matter at hand have… Read More ›
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