General Motors Strikes Deal To Offload Battery Plant Stake To LG
General Motors Strikes Deal To Offload Battery Plant Stake To LG General Motors (GM) announced Monday a shift in its electric vehicle (EV) strategy by …
stake
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 …
Explainer-What’s at stake in Trump’s US Supreme Court bid to stay on Colorado ballot
By Andrew Chung (Reuters) – The U.S. Supreme Court is set on Thursday to weigh Donald Trump’s fight to stay on the ballot in Colorado …
MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News
(Reuters) – MacKenzie Scott, ex-wife of Amazon.com billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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%, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
JPMorgan buys a 10.6% stake in Spanish defence company Indra
(Reuters) – JPMorgan bought a 10.6% stake in Spanish defence systems maker Indra, the stock market regulator said on Thursday. Following the transaction, JPMorgan has …
Global firms rush to buy Alipay’s stake in India’s Zomato
(Reuters) – Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed to grab a slice of …
Exclusive-Alter Domus owners pursue stake sale in fund administrator –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – The owners of fund administrator Alter Domus are pursuing the sale of a stake in …
Italy’s Salvini says would consider a sound plan to sell railway stake
ROME (Reuters) – Italian Infrastructure and Transport Minister Matteo Salvini said on Tuesday he was not necessarily against selling stakes in state-controlled railways group Ferrovie …
Italy raises $1 billion from Monte dei Paschi’s 25% stake sale
By Giuseppe Fonte and Valentina Za MILAN (Reuters) -Italy attracted strong interest from funds when it sold 25% of Monte dei Paschi di Siena (MPS) …
Quebec expects possible profit with planned sale of A220 jet program stake in 2030
By Allison Lampert MONTREAL (Reuters) – Quebec expects to be in the black when it exits its minority stake at the end of the decade …
Leonardo focuses on European alliances as it trims DRS stake in US
By Giulia Segreti and Alvise Armellini ROME (Reuters) – Italy’s Leonardo is trimming its stake in U.S. unit DRS as new CEO Roberto Cingolani looks …
Italy’s Leonardo to offer 6.3% stake in US subsidiary in share sale
(Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS …
Greece’s National Bank attracts strong demand in 20% stake sale – source
By Lefteris Papadimas ATHENS (Reuters) – Demand for a 20% stake in Greece’s National Bank (NBG) held by the country’s bank bailout fund was covered …
Trian reports new position in Allstate, increased stake in Disney
By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer …
Norway wealth fund buys 45% stake in Boston properties
COPENHAGEN (Reuters) – Norway’s sovereign wealth fund on Tuesday said it had agreed to buy a 45% stake in two properties in Boston in a …
Pension fund AustralianSuper raises stake in Origin Energy to 16.50%
(Reuters) – Pension fund AustralianSuper has increased its stake in Origin Energy to 16.50%, the Australian power producer said in an exchange filing on Tuesday. …
Google-parent Alphabet dissolves stake in trading app Robinhood
(Reuters) -Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets. The disclosure comes months after Alphabet slashed its …
Walgreens cuts Cencora stake further in $674 million share sale
(Reuters) – Walgreens Boots Alliance has further lowered its stake in Cencora, formerly known as AmerisourceBergen Corp, by selling shares worth about $674 million, the …
Ping An exited its Country Garden stake, has no takeover plan – Bloomberg News
(Reuters) – Ping An Insurance Group sold all of its shares in Country Garden Holdings Co and has no plans to acquire the distressed developer, …
Canada’s OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
(Reuters) – Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent …
Explainer-What’s at stake in Telecom Italia grid deal?
MILAN (Reuters) – Telecom Italia (TIM) on Sunday approved the sale of its fixed-line network to U.S. private equity firm KKR in a deal that …
Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap …
Exclusive-Britain’s Virgin Media O2 nears stake sale in towers business to GLIL – sources
By Amy-Jo Crowley, Andres Gonzalez and Paul Sandle LONDON (Reuters) – Virgin Media O2 is in exclusive talks to sell a slice of its shareholding …
Portugal to define size of TAP stake for sale once proposals submitted – minister
By Sergio Goncalves LISBON (Reuters) – Portugal will decide on the size of the stake it will sell in flag carrier TAP once competitors present …
Engaged Capital takes stake in VF Corp, stock jumps
NEW YORK (Reuters) – Engaged Capital’s Chris Hetrick says the firm has built a position in apparel brand owner VF Corp and says the company …