32.4 C
Kuala Lumpur
Thursday, October 17, 2019

Tag: acquisitions

TPG, Hong Leong buy Columbia Asia hospitals for US$1.2 billion

The deal marks TPG’s re-entry into the hospital business in Southeast Asia, and also represents the first foray into health care for Hong Leong.

Warren Buffet’s Berkshire cash pile hits a record US$122 billion

The growing cash pile is a reflection of the strength of the operating businesses that Buffett has assembled under one roof.

World’s largest port operator hires banks on US$1 bil bond

DP World Plc, the world's largest port operator, mandate banks to raise about US$1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc.

Abu Dhabi Financial Group agrees to merge with Dubai’s Shuaa

Shuaa will issue 1.47 billion new shares to Abu Dhabi Financial Group’s parent company Abu Dhabi Capital Management in return for the entire issued share capital of ADFG, according to a statement.

France mulls Renault stake cut to consolidate Nissan partnership

French Finance Minister Bruno Le Maire says Renault should concentrate on forging closer ties with its Japanese partner Nissan.

MGM ends talks with Wynn about casino buy

The rapid about-turn comes after the deal discussions sparked an outcry in the state of Massachusetts.

Nissan CEO says he has not heard about possible bid for...

Renault intends to restart merger talks with Nissan within 12 months, after which it would set its sights on a bid to buy Fiat Chrysler.

ST Engineering expands satellite communication play with US$281 million buy

The deal is expected to be completed in the second half of the year

Cathay Pacific buys budget carrier Hong Kong Express

The deal is expected to be completed by Dec 31.

Deutsche Bank said to face Qatari resistance to bank merger

Qatari investors, who own more than 6% of Deutsche Bank, are concerned that a deal would dilute their holdings.

Uber announces US$3.1 billion deal to buy Mideast rival Careem

The announcement comes as San Francisco-based Uber is preparing to file in April for an initial public offering.

Cathay to buy Hong Kong’s only budget carrier

Cathay is on the last leg of a three-year transformation program to turn its fortunes around amid increasing competition from China and budget carriers.

Tencent mulls bid for US$3 billion AS Watson stake

The stake has also drawn interest from Chinese tech billionaire Jack Ma’s Alibaba Group Holding.

Toshiba Memory to delay one of Japan’s biggest IPOs this year

It had been reported that the listing was scheduled to happen in September this year, but could now be pushed back to November.

Murdoch billionaires multiply after Disney closes Fox deal

The US$12 billion in proceeds from the Disney deal are set to be distributed to media mogul Rupert Murdoch's six children., making them billionaires in their own right.

FIS, Worldpay in US$43 billion merger as payment sector soars

FIS, based in Jacksonville, Florida, will also assume Worldpay’s debt, bringing the enterprise value of the deal to about US$43 billion.

China’s top movie ticketing app operator seeks US$1 billion in Hong...

Maoyan Weying planned to use the proceeds to fund acquisitions, investments, research and development and enrich its content offerings, the prospectus said.

Vietnam’s M&A deals value seen at US$6.5 bln to US$6.9 bln...

Vietnam was home to one of Asia's quickest-growing stock markets last year with 48% growth, backed by some major stake sales by both state and private firms.

China borrower’s US$11 billion debt mountain comes crashing down

The firm is trying to raise new debt to repay existing obligations and is selling assets.