LONDON: J Sainsbury plc has agreed to sell Argos, the general merchandise retailer it has owned for more than a decade, to Swift Partners, a newly formed company led by three retail executives and backed by investment firm True Capital. The deal, announced Friday,…
MADRID: Banco Santander said Friday it plans to launch an exchange offer to buy the outstanding shares of its Brazilian subsidiary that it does not already own, offering a 15% premium in a deal valued at up to €1.9 billion. The Spanish banking group…
LONDON: HSBC has agreed to sell its Australian home loan and personal loan business to funds managed by Blackstone, the bank announced Friday, marking the lender’s exit from retail banking in the country as part of a broader global simplification push. Under the deal,…
LONDON: Hilton Food Group plc has agreed to sell Dalco Food B.V., its Dutch-based vegan and vegetarian business, to Livekindly Production NL B.V. for total consideration of £5.4 million, the companies announced. The deal is still subject to standard approvals and deliverables,…
A consortium deal will carve up Picton’s portfolio between two listed REITs, promising shareholders a bigger dividend and an end to a long-running share price discount. LONDON: Picton Property Income has agreed to be acquired in a joint all-share offer from…
SYDNEY: Crimson Consulting Australia Pty Ltd has launched an all-cash takeover offer for Kip McGrath Education Centres Ltd (ASX: KME), proposing to acquire all outstanding shares at A$0.73 each. The offer represents a 62.2% premium to Kip McGrath’s closing price of A$0.45 on…
PARIS: Luxury house Hermès has delivered robust financial results for the first half of 2026, with consolidated revenue reaching €8.2 billion, representing growth of 6% at constant exchange rates and 2% at current exchange rates compared to the same period last year. The…
ZURICH: UBS Group AG delivered a robust set of second-quarter results on Tuesday, posting a net profit of $2.8 billion and showcasing the strength of its integrated franchise nearly three years after the historic acquisition of Credit Suisse. The Swiss banking giant…
LONDON: Mining giant Rio Tinto has delivered a transformative first-half performance, reporting a 28% increase in underlying EBITDA to $14.8 billion and a 75% jump in free cash flow to $3.8 billion, driven by robust commodity prices and accelerating productivity gains across its…
LONDON: Tracsis plc has announced a transformative acquisition of Mistral Data Limited, a UK rail software provider, in a deal worth £48 million that accelerates the company’s transition to a scalable software product business. The acquisition, which is subject to clearance from…
STOCKHOLM: KEO Capital AB (publ) (Nasdaq Stockholm: KEOC) has taken a decisive step forward in its Latin American energy strategy, signing a definitive agreement to acquire an additional 16% indirect stake in Venezuelan oil producer PetroUrdaneta. The deal, struck with Novonor Latinvest…
ROSEMONT: In a significant move within the advanced materials sector, Wynnchurch Capital, L.P. and Luxfer Holdings PLC (NYSE: LXFR) have announced a definitive agreement under which an affiliate of Wynnchurch will acquire Luxfer in an all-cash transaction. Upon completion of the deal,…