With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
On Wednesday, in a statement oil major BP said, it has acquired a majority stake in Finite Carbon, the largest U.S. carbon offset developer as part of its climate goals; the move will also create a new revenue stream for… Read More ›
In a report, the Economic Times reported citing three sources familiar with the matter at hand as saying, India’s salt-to-software conglomerate Tata Group is in advanced talks to acquire to a majority stake in Indian online grocery startup BigBasket for… Read More ›
The potential cash-and-stock deal could close as early as August. According to a report from Bloomberg citing sources familiar with the matter at hand, shared office space manager WeWork Cos is eyeing a deal which sees it take a majority… Read More ›
Coca Cola will now reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations. It did not provide an explanation for the postponement of its re-franchising plans. In a development that marks… Read More ›
The development essentially being closure to the five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator. In a development that essentially confirms a statement by Euronext, Norway’s finance ministry has stated it will allow Euronext’s… Read More ›
While Wal-Mart has struggled to compete in its home ground, its potential tie-up with UK’s Sainsbury Plc and India’s Flipkart promises to be the growth engine it once was. Wal-Mart, the world’s biggest brick-and-mortar retailer is making urgent efforts to… Read More ›
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›
The combined company will be headquartered in Paris and will be listed in the Paris Stock Exchange. As per two sources familiar with the knowledge at hand, France’s Essilor and Italy’s Luxottica have agreed to combine forces in order to… Read More ›
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