LONDON: Sainsbury’s, Britain’s second-largest grocer, held talks with smaller rival Morrisons about a possible merger earlier this year, according to media reports Monday. The two companies discussed a potential multibillion-pound deal before Sainsbury’s walked away, the Financial Times reported, citing…
COPENHAGEN: Danish brewer Carlsberg said Monday it has agreed to buy PepsiCo’s bottlers in Georgia and Armenia, deepening its partnership with the U.S. company as it expands its presence in soft drinks. Financial terms of the deals were not disclosed….
LONDON: BT Group today announced that it has acquired TalkTalk Telecommunications Limited and PlatformX Communications Limited out of the administration of TalkTalk Group on a debt-free basis. The estimate of the total cash impact in FY27 is c£400m, comprising both…
LONDON: Team plc, the wealth, asset management and complementary financial services group, has exchanged contracts for the acquisition of Hedley & Company Stockbrokers Limited for a total consideration of £3,000,000 (subject to adjustments, as detailed below), to be settled in…
PARIS: France’s Schneider Electric is nearing a deal to buy U.S. software group PTC for about $20 billion, according to reports. A deal may be announced as soon as Monday, the person said Sunday, adding that discussions between the two…
PERTH: Famien Resources Limited announced Monday it has entered into a share purchase agreement with Voltaic Strategic Resources Limited for the sale of all issued shares in its wholly owned subsidiary, Diamandia Pty Ltd. Diamandia holds a 100% interest in…
SYDNEY: Brazilian Critical Minerals Limited said its wholly owned Brazilian subsidiary, Mineração BBX do Brasil Ltda, has executed a binding agreement to acquire a 90% interest in Sais Nordeste Indústria e Comércio Ltda, an established magnesium sulphate producer in Feira…
MILAN: Italy’s largest insurer, Generali, said Friday it has agreed to buy a 9.9% stake in Spain’s Banco de Crédito Cooperativo for 150 million euros. Banco de Crédito Cooperativo is the holding company of Grupo Cooperativo Cajamar, Generali’s bancassurance partner…
LONDON: AstraZeneca and Daiichi Sankyo have entered a clinical collaboration agreement with Summit Therapeutics Inc. to test a combination of two cancer drugs across multiple tumor types, including lung and breast cancers, the companies announced. The collaboration will evaluate Datroway,…
STOCKHOLM: After 35 years in the company and close to nine years as its President and CEO, Åsa Bergman has announced her resignation and that she will be leaving Sweco. The Sweco Board of Directors are now initiating the recruitment…
MILAN: Italgas, Europe’s largest gas distributor, said Friday it has agreed to acquire a 22.5% stake in Portuguese gas distribution company Floene from Japan’s Marubeni and Toho Gas for about €120 million ($130 million). Floene is Portugal’s leading gas distribution…
LONDON: Vaultz Capital plc, an Aquis Exchange-listed investment company, said it has invested 3 million pounds ($3.8 million) in a newly incorporated software company whose technology allows computer hardware to process artificial intelligence workloads beyond conventional memory limits. The company…