World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
LIPTON Teas & Infusions BV’s move to sell the last of its tea plantations is a strategic shift by the world’s biggest...
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
ONE day after Dutch global commodity merchant Louis Dreyfus Company raised its takeover offer to A$0.67 per share for Namoi Cotton, Olam...
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
MALAYSIAN conglomerate Axiata Group and Indonesian group Sinar Mas have sought permission from the Indonesian government to merge their telco units, the...
UG Healthcare fully acquires German associate company for 16.9 million euros
GLOVE manufacturer and distributor UG Healthcare’ subsidiarly Unigloves Singapore, has fully acquired the remaining shares in its 19.3 per cent-owned associate company...
Tycoon Richard Li said to near fibre sale to China Merchants
PCCW, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in...
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
MERGERS and acquisitions (M&A) in Asia-Pacific’s (Apac) finance sector are unlikely to recover soon as economic and geopolitical uncertainties, on top of...
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties
ALTERNATIVE asset manager KKR has acquired a portfolio of 14 hotels in Japan, with plans to convert them to properties under Marriott...
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT
THE Philippines’ largest telecommunications group PLDT is in talks to sell up to 49 per cent of its data centre business to...
KKR to buy India's Healthium Medtech at US$839 million valuation
GLOBAL investment firm KKR will buy Indian medical devices maker Healthium Medtech from UK-based Apax Partners in a deal that three sources...
Paramount bidders await word from special committee evaluating options
A SPECIAL committee of the Paramount Global board charged with evaluating offers for the company met on Saturday (May 4) morning, though...