Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
China Evergrande unit to sell entire stake in asset to cut debt
(Reuters) -China Evergrande said on Thursday one of its units had entered a deal to sell its entire stake in Shantou Hengmeng Property Development for 137.6 million yuan ($19.20 million). Hengda Real…
US investment bank looking to build 10% stake in Italy’s Pop Sondrio – Il Sole 24 Ore
MILAN (Reuters) – A large U.S. investment bank is considering building up a 10% stake in Italy’s Banca Popolare di Sondrio, Il Sole 24 Ore newspaper reported on Thursday, without citing sources…
Exclusive-GIP eyeing up to 49% stake in Malaysian port operator, could value MMC Port at $6 billion – sources
By Yantoultra Ngui and Rozanna Latiff SINGAPORE/KUALA LUMPUR (Reuters) – Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially…
GSK raises $1.24 billion from latest Haleon stake sale
(Reuters) – British drugmaker GSK said on Wednesday it had raised 978 million pounds ($1.24 billion) from a discounted stake sale in Haleon, cutting its shareholding to 4.2% in the world’s largest…
Exclusive-Lufthansa’s ITA Airways stake set to face full EU competition inquiry
By Foo Yun Chee BRUSSELS (Reuters) – EU regulators have not sought feedback from rivals and customers on Lufthansa’s remedies related to its bid for a minority stake in ITA Airways, suggesting…
Grifols says Haier Group still OK to buy stake in Shanghai RAAS
BARCELONA (Reuters) – Spanish pharma company Grifols said on Sunday evening Chinese home appliance maker Haier Group still plans to close the acquisition of a 20% stake in Shanghai RAAS Blood Products…
Activist investor Elliott builds $1 billion stake in Tinder-owner Match-WSJ
(Reuters) -Activist investor Elliott Investment Management has built a roughly $1 billion stake in Match Group and plans to push the Tinder dating app owner to take steps to improve its performance,…
Analysis-Emerging markets brace for wave of elections with fiscal discipline at stake
By Karin Strohecker LONDON (Reuters) – Emerging markets are gearing up for their biggest election year in decades, with investors focused on fiscal discipline and populist shifts that could stir markets and…
Soccer-‘Local boy’ Ratcliffe takes stake in Manchester United
(Reuters) -British billionaire Jim Ratcliffe struck a long awaited deal on Sunday to buy a 25% stake in Manchester United and pledged to invest $300 million in the English Premier League soccer…
Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
(Reuters) – Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday.…
FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio
(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9…
Blackstone to sell $833 million stake in Embassy REIT- document
By M. Sriram (Reuters) – Blackstone Inc. will sell its entire 23.59% stake valued at $833 million in India’s largest real estate investment trust Embassy Office Parks, four years after it was…
Toronto Stock Exchange operator TMX buys remaining stake in VettaFi for $848 million
(Reuters) – TMX Group, the owner of the Toronto Stock Exchange, said on Wednesday it had acquired an around 78% stake in U.S. data analytics company VettaFi Holdings for $848 million (C$1.14…
Australian competition watchdog approves Woolworths’ stake buy in Petstock
(Reuters) – Australia’s competition watchdog said on Thursday it will not oppose Woolworths’ acquisition of a 55% stake in specialty pet retailer Petstock Group. The Australian Competition and Consumer Commission (ACCC), after…
Activist Engaged Capital takes stake in debt collector PRA -sources
By David French NEW YORK (Reuters) – Engaged Capital has built a more than 5% stake in PRA Group and is pushing the debt collection company to improve its operations, cut costs…
Renault capital hit from partial Nissan stake sale lower than initial estimate
PARIS (Reuters) – The capital loss resulting from Renault’s disposal of a first chunk of its stake in Nissan will amount to around 1 billion euros ($1.08 billion) after the transaction was…
Royal Golden Eagle, Asia Pulp & Paper in final race for Essity’s Vinda stake -sources
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) -Two Southeast Asian paper makers, Royal Golden Eagle (RGE) and Asia Pulp & Paper (APP), have emerged as final bidders for Swedish tissue…
Investcorp acquires 50% stake in Corsair Capital’s infrastructure business
By Hadeel Al Sayegh DUBAI (Reuters) – Middle East alternative investment firm Investcorp has acquired a 50% stake in the $4.8 billion infrastructure business of U.S. firm Corsair Capital, the two companies…
Stone Point, General Atlantic propose to buy remaining stake in HireRight
(Reuters) – Stone Point Capital and General Atlantic proposed to buy the shares the investment firms do not already own in employee-screening company HireRight Holdings, according to a regulatory filing on Friday.…
Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing
TOKYO (Reuters) -Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move…
Citi, BofA left with some Barclays stock after Qatari stake sale –sources
By Pablo Mayo Cerqueiro and Anousha Sakoui LONDON (Reuters) – Citigroup and Bank of America were left holding some shares in Barclays after they could not identify enough demand for a 510…
Wordline shares surge on report Credit Agricole could take stake
PARIS (Reuters) – Shares in Worldline surged almost 12% on Friday after a media report said Credit Agricole was considering acquiring a stake in the French payment processing company. The French lender…
Explainer-What’s at stake in Russia’s assault on Avdiivka?
By Dan Peleschuk and Andrew Osborn KYIV/LONDON (Reuters) – Russian forces are intensifying attacks on the eastern Ukrainian city of Avdiivka, seeking to encircle Kyiv’s troops there as Moscow’s war in Ukraine…
Peugeot Invest to update valuation of its stake in Signa end 2023
PARIS (Reuters) – Peugeot Invest, one of the main shareholders of carmaker Stellantis, said on Thursday it will update at the end of the year the valuation of its stake in Signa,…
Czech Sev.en GI agrees to buy AES’s 51% stake in Vietnamese power plant
By Jan Lopatka PRAGUE (Reuters) – Czech privately-held Sev.en Global Investments on Thursday said it will buy a majority stake in a large coal-fired plant in Vietnam from U.S. energy firm AES…
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