LONDON: EasyJet’s stock jumped sharply on Friday after the budget airline confirmed it is weighing a $7.7 billion acquisition proposal from private equity giant Apollo Global Management, thrusting the carrier into the middle of a competitive bidding contest for control of…
South Korea’s SK Hynix has pulled off one of the biggest share sales of the year, pricing its American Depositary Receipts at $149 apiece and raising roughly $26.5 billion in the process. The listing underscores just how hungry investors are for a…
DUBAI: Emirati telecommunications group e& said Friday it will sell its stake in Vodafone Group for $5.95 billion to a family investment group led by French billionaire Xavier Niel, ending the Abu Dhabi-based company’s investment in the British telecom giant. The deal, announced Friday,…
HELSINKI: Finland’s banking sector is set for a major consolidation as S-Bank Plc announces a voluntary recommended public cash tender offer of €17.20 per share for all outstanding shares in Oma Savings Bank Plc, valuing the target at approximately €571.4 million. The offer…
PARIS: TotalEnergies has completed the divestment of its distributed solar portfolio, approximately 170 megawatts, across seven European countries as part of a broader strategy to refocus on large-scale utility-scale projects, the French energy giant announced Thursday. The company sold the assets to Amarenco…
LONDON: Amcomri Group plc (AIM: AMCO) has announced the completion of its acquisition of North West Transport Supplies Limited, which trades as NTS Limited Leyland (“NTS”), for an initial cash consideration of £3 million. The deal, structured on a cash-free, debt-free basis, sees Amcomri add…
LONDON: GSTechnologies Limited (LSE: GST), a prominent fintech company, has announced a strategic investment in Singapore-based artificial intelligence firm Sodales AI Pte. Ltd., marking a significant move to integrate AI capabilities into its financial services ecosystem. The company has agreed to invest…
GOTHENBURG: Bulten AB, the global fastener manufacturer and distributor, announced today a significant step in its ongoing restructuring efforts with an agreement to divest its contract manufacturing operation in Tianjin, China. The company has inked a deal to sell 100 percent of its shares in…
Apple is deepening its ties with chipmaker Broadcom through a new multi-year agreement expected to top $30 billion, the tech giant announced Wednesday. The deal represents Apple’s largest domestic manufacturing commitment to date. What the Deal Includes Under the agreement, Broadcom…
The global LNG market just closed out its strongest year since 2022, only to sail straight into one of the most disruptive geopolitical shocks the industry has ever faced. That’s the picture painted by the International Gas Union’s 2026 World…
HOUSTON: Toyota is bringing the Tacoma home. The automaker announced Monday that it will pour $3.6 billion into its San Antonio, Texas manufacturing campus to relocate production of the popular midsize pickup from a plant in Tijuana, Mexico. A Major Expansion for San Antonio…
NEW YORK: Google has thrown its weight behind Proxima Fusion, a Germany-based startup aiming to build Europe’s first commercial fusion power plant, joining a 411 million euro ($468 million) funding round the company announced Tuesday. The investment pushes Proxima’s valuation to $2.7 billion and…