Centrica, ECP to buy grain LNG terminal for $2b
British Gas owner Centrica and US infrastructure investor Energy Capital Partners (ECP) will acquire National…
Browsing Tag
acquisition
Schneider Electric to acquire full stake in Indian JV
French electrical equipment manufacturer Schneider Electric announced on Wednesday that it has reached an agreement…
EBRD boosts Ukrainian railways with €480m loans
The European Bank for Reconstruction and Development (EBRD) is providing substantial financial support to Ukrainian…
MicroStrategy adds $5.4b in bitcoin to crypto holdings
MicroStrategy Inc. acquired an additional $5.4 billion in Bitcoin, marking its third major purchase this month as…
Qatar Airways acquires 25% stake in S.Africa’s Airlink
Qatar Airways Group announced on Tuesday the acquisition of a 25 per cent stake in Airlink, Southern Africa’s major…
Proxy firm urges rejection of Musk’s $56b pay package
Proxy advisory firm Glass Lewis has advised Tesla shareholders to reject CEO Elon Musk's $56 billion pay package,…
Vitol eyes Italian LNG terminal stakes
VTTI, a Vitol energy storage unit, is reportedly on the verge of acquiring a majority share of Italy’s largest…
Siemens Energy defends Gamesa deal – CEO
Siemens Energy performed extensive due diligence before fully acquiring its wind turbine subsidiary Siemens Gamesa,…
Japan’s Renesas to acquire Altium for $5.9 bln
Japan’s Renesas Electronics Corporation announced on Thursday that it will acquire ASX-listed Altium Limited for…
Egypt’s ICON secures majority stake in Legacy Hotels
The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding, has…
France’s FDJ to acquire Kindred for $2.8 bln
France’s gaming firm La Francaise des Jeux (FDJ) is set to buy Kindred Group in a deal worth $2.8 billion, Reuters…
ABB buys Swiss tech company to boost industrial robots
ABB bought Sevensense, a Swiss start-up specialising in boosting the mobility of industrial robots, in the latest…
Thomson Reuters offers $627 mln for Pagero acquisition
Thomson Reuters Corporation announced a recommended public tender offer to acquire 100 per cent of Swedish…
Raya Holding acquires 90% of Ostool for land transport
Raya Holding confirmed completing a successful acquisition of a 26.69 percent stake in Ostool company for land…
Chevron to buy competitor Hess for $53bln
US energy giant Chevron said on Monday it will buy its rival Hess in a $53 billion all-stock deal.
EGX announces sales of EGP 53.7 mln stake in Egypt’s cheese maker Arab Dairy
The Egyptian Exchange (EGX) announced on Wednesday the acquisition of 41.976 million shares in Egypt’s Arab Dairy…
Egypt’s stock exchange announces sale of EGP 904 mln stake in Fawry
Egypt’s Stock Exchange (EGX) announced on Wednesday the acquisition of 161.4 million shares in Egyptian e-payment…
Three bidders jostle for stake in Egypt’s army-owned Wataniya – minister
Three firms are vying to buy a stake in Egypt’s army-owned petrol stations operator Wataniya, Planning Minister…
Egypt’s MidFert Misr raises stake in Sheeni to over 12%
Egypt's MidFert Misr raised its 9.95 percent stake in General Company for Ceramic and Porcelain Products (Sheeni)…
Egypt becomes Saudi Arabia’s TAQA gateway for expansion in MENA
Egypt became one of Industrialization and Energy Services Company( TAQA) key hubs and its gateway for expansion…
ExxonMobil agrees to buy Pioneer in $59.5bln deal
ExxonMobil agreed on Wednesday to buy Pioneer Natural Resources, operating in shale oil industry, in a deal worth…
ADQ to buy stakes in 3 Egyptian energy firms before year-end: minister
Abu Dhabi's state holding company ADQ will buy stakes in three Egyptian energy firms before the end of the year,…
Saudi PIF, acquisition talks over 3 private Egyptian companies
Saudi Arabia’s Public Investment Fund (PIF) is in advanced negotiations to acquire three private Egyptian companies…
Saudi Egyptian Investment Company increase stake at e-finance
Saudi Egyptian Investment Company raised its stake in e-finance for Digital and Financial Investments to 25.01…
Egypt’s Dice receives acquisition offer
Egypt's Dice Sport and Casual Wear received a preliminary offer for a potential acquisition from a consortium on…
Egypt’s NSPO acquires 24% from three steel firms for $324mln
The National Service Projects Organisation (NSPO) acquired 24 percent stake of three firms affiliated to Beshay…
Egyptian economy to grow by 4% in 2022-23 FY- Minister
Egypt's economy is expected to grow by around four percent or less during the current fiscal year (FY) 2022-2023,…
Egypt’s Beltone acquires 100% stake in Cash for Micro-Finance
Egypt’s Beltone Financial Holding announced on Monday that it had signed a sales and purchase agreement (SPA) to…
UAE’s Global Investment Holding buys 30% shares of Egypt’s Eastern Company
UAE’s Global Investment Holding Company has on Sunday signed an agreement to acquire 30 percent of shares in…
Saudi TAWAL raises $1.42 bln to buy European Towers from United Group
Saudi Arabian ICT infrastructure firm TAWAl International Holding has raised $1.42 in Islamic financing to…
HSBC Oman merges with Sohar International Bank
HSBC Bank Oman merged with Sohar International Bank of Oman on Thursday, according to Muscat Stock Exchange (MSX).
Egypt’s Grinta acquires Auto-Cure to expand business
Egypt-based Grinta, an e-commerce platform digitising the pharmaceutical supply chain, has acquired the business to…
Beltone signs MoU to acquire Egyptian microfinance company
Beltone Financial signed a memorandum of understanding (MoU) on Sunday to acquire Cash for Microfinance which is…
Egypt approves Maersk’s proposal to buy half Zaafarana wind farm
The Egyptian government agreed on Wednesday on the Danish Maersk proposal to acquire half of the wind power plants…
Egypt’s NSPO takes 20% stake in TAQA Arabia
Egypt military's National Service Project Organisation (NSPO) acquired 20 percent of shares in TAQA Arabia,…
AXA completes acquisition of Spanish peer GACM España
AXA, Europe’s second-biggest insurer behind Germany’s Allianz, announced on Wednesday that it had completed the…
Prime Holding rejects deal to sell securities brokerage, custody unit
Egyptian investment bank, Prime Holding on Thursday rejected an offer to take over its unit, Prime Securities…
Canada’s Brookfield confirms $4.3bn acquisition of AEL
Canadian investment firm Brookfield Reinsurance approved on Wednesday to take the remaining stake in American…