Shares of the Omaha-headquartered holding company fell 2% in premarket trading after the famed investor said he would step down as CEO after leading the conglomerate for 60 years, appointing Greg Abel as president and CEO.
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Berkshire slips after Buffett names Abel as next CEO of $1.16T empire
Shares of the Omaha-headquartered holding company fell 2% in premarket trading after the famed investor said he would step down as CEO after leading the conglomerate for 60 years, appointing Greg Abel as president and CEO. Read here
Trade rift stalls Bunge’s $34B Viterra merger
The Missouri-based agribusiness and food company’s consolidation with the Glencore-backed farm-to-market operator is being bogged down by tariff-related tensions between the United States and China. Read here
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I Squared nears deal for $5B Matterhorn Pipeline
A consortium led by the Miami-based private equity firm — which also includes co-investors such as Enbridge — is reportedly in the process of negotiating an agreement to acquire the natural gas infrastructure project based in Texas. Read here
PHOTO: MATTERHORN EXPRESS
NEWS WORTH NOTING
NEWS WORTH NOTING
Ares raises $3B+ from HNWI for secondaries fund
The California-headquartered alternative investment manager has secured more than $3 billion for its Ares Private Markets Fund, a vehicle tailored to high-net-worth investors seeking access to private equity secondaries. Read here
The Austrian financial service provider is set to acquire a 49% stake in Santander Bank Polska and 50% of the Spanish bank’s Polish asset management business TFI. Read here
Bukit Asam eyes $3.1B plant to convert coal to natural gas
The Indonesian state coal miner is studying a plan to invest in a plant that can convert coal into synthetic natural gas, as the government pushes for domestic value addition. Read here
Gold Fields to snaps up Australian rival in $2.4B deal
The South African gold mining giant will buy Gold Road Resources in a sweetened offer following weeks of negotiations over their key project in Western Australia. Read here
Apax favorite to win Finastra unit in $2B deal
The British private equity firm has emerged as the frontrunner to buy the fintech company's treasury and capital markets business, people familiar with the matter said. Read here
