Exits

San Francisco Proposes New Regulation for Grocery Stores to Give Ample Notice Before Shutting

A lawmaker's proposal would require San Francisco grocery stores to provide six months' notice before closing and to look for a replacement supermarket.


Universal Music Group Announces Job Cuts After TikTok Deal Talks Fail

Universal Music Group (UMG) announced Wednesday that it would reduce its workforce and streamline operations to save €250 million ($27 million) by 2026...

Polymetal International Sells Its Russian Assets to Siberian Gold Miner for Nearly $3.7 Billion

Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion...

Italy Formally Withdraws From Belt and Road Agreement With China

Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances...


Latest News

Telecom Italia says it tells regulators no bids received for Brazil business
Italy-based Telecom Italia told regulators that it did not get any offers for its unit in Brazil and that it intends to keep the unit. The company issued the statement in response to a request from an
State Bank of India to raise USD1.5 billion after its quarterly profit plunged
After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on pub
Top deals of the deay - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei
ThyssenKrupp to divest its steel plant in the US for up to USD1.5 billion - sources
In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.
Ex-CEO shows interest in buying Diageo's Whyte & Mackay
A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.
Industry insider prediction spot-on as Hertz-Dollar Thrifty deal fails
A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.
Bumi shareholders to decide on spin-off from Bakrie family
Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.
M&C Saatchi exits Walker Media stake for GBP36 million
UK-based advertising firm M&C Saatchi divested a controlling stake of 75.1% in Walker Media for GBP36 million. M&C Saatchi sold its holding to French multinational advertising and public relations com
Lufthansa Technik in talks to sell aircraft maintenance facility in Ireland
US-based aviation investment firm Cloud Investment Partners is mulling over a possible takeover of Lufthansa Technik's aircraft maintenance facility in Ireland. Lufthansa Technik Airmotive Ireland is
Dublin's Amentum Capital divests 25% stake to Tokyo-based investor
Dublin-based aircraft management firm Amentum Capital Ltd has sold a 25% stake in its business to Tokyo-based investor Financial Products Group (FPG)for an undisclosed amount.
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