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Singapore’s Keppel to drop conglomerate structure, targets $150 billion AUM by 2030
(Reuters) -Singapore’s Keppel Corp on Wednesday announced a major corporate restructuring, doing away with its conglomerate form and divide itself into three distinct units, in a bid to simplify and further grow…
Brazil’s Banco Safra buys Alfa financial conglomerate for $192 million
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank said in a statement late on Wednesday.…
IHC’s $2.15 billion Nutresa bid boosts shares in Colombian conglomerate GEA’s companies
BOGOTA (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding Company (IHC) launched a bid to buy a stake…
Blackstone and Toshiba deny buyout approach for Japanese conglomerate
By Makiko Yamazaki and David Dolan TOKYO -Blackstone Inc has never approached Toshiba Corp about a potential buyout, the two companies said on Thursday, denying a media report. Nikkei Business Publications reported…
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