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Keywords: Acquisition
Uber has reportedly suspended most of its planned expansion of Uber Eats across Europe as the company focuses on its proposed acquisition of Delivery Hero, according to a report by the Financial Times. The move marks a significant shift in Uber's European growth strategy just months after it unveiled......
The Italian banking group UniCredit has withdrawn its appeal in a legal dispute concerning government-imposed conditions on its attempted takeover of rival lender Banco BPM, according to a court document released at the end of May. The case, which had been examined by Italy’s top administrative......
British low-cost carrier EasyJet has rejected three takeover proposals submitted within a ten-day period by US investment firm Castlelake, according to information released by the prospective buyer. The latest proposal, submitted on June 20, reportedly valued the airline at nearly £5 billion,......
A group of early investors in artificial intelligence startup Manus is reportedly exploring a plan to repurchase the company from Meta in a transaction valued at approximately $2 billion. The development highlights the intense competition and strategic maneuvering currently shaping the global AI industry. According......
French cosmetics giant L’Oréal has announced that it will acquire a majority stake in India-based company Innovist, in a strategic move aimed at strengthening its position in one of the world’s fastest-growing beauty and personal care markets. The agreement also includes an option......
French construction materials group Saint-Gobain has agreed to sell its specialist distribution business in Scandinavia to Finnish retailer Kesko in a deal valued at approximately $1.7 billion, marking a significant portfolio restructuring move for the company. The transaction involves the Dahl-branded......
Italian banking group UniCredit has firmly rejected claims made by Germany’s Commerzbank regarding the level of shareholder participation in its takeover offer, escalating tensions between the two financial institutions. The dispute centers on the accuracy of figures related to the acceptance......
Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment......
Anglo American has agreed to sell its Australian steelmaking coal mines to private UK based miner Dhilmar Limited in a deal valued at up to 3.875 billion dollars in cash. The transaction marks the completion of the company’s exit from coal and forms part of a wider strategic shift toward copper......