A group backed by the world's largest asset manager has agreed to acquire a majority stake in the Hong Kong-based company that runs ports along either side of the waterway, giving an American firm control of key docks.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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BlackRock to buy Panama Canal port stake in $22.8B deal
A group backed by the world's largest asset manager has agreed to acquire a majority stake in the Hong Kong-based company that runs ports along either side of the waterway, giving an American firm control of key docks. Read here
TikTok owner buys back US staff shares at $312B
ByteDance plans to repurchase its American employees’ stock at about $189.90 per share, a significant markup from previous levels that reflects a brightening outlook for Chinese tech shares. Read here
PHOTO: BRIAN JIZ
PGIM deploys $14.9B to 238 middle-market firms
The private credit arm of the $1.38 trillion global asset management business of Prudential Financial has provided almost $15 billion in senior debt and junior capital for projects worldwide in 2024. Read here
PHOTO: PGIM
NEWS WORTH NOTING
Accenture buys Altus to boost insurance clients
The global professional services company has acquired a leader in consulting and digital transformation to strengthen its strategic advisory and delivery services for financial services businesses across the UK.Read here
Ambani overhauls retail unit to hit $125B valuation
Asia’s richest man is revamping an empire that sells everything from $0.20 soda to $5,900 Versace dresses, as he seeks to reassure investors antsy for an exit option. Read here
KKR sells Seiyu super-market to Trial for $2.55B
The Japanese retail giant has agreed to acquire the supermarket chain from the private equity major in a deal that will see retailer take full ownership of the grocery network. Read here
ICA Gruppen sells Baltic business in $1.4B deal
The Swedish grocery retailer is set to offload its Rimi Baltic grocery retail subsidiary to Denmark's biggest supermarket operator Salling Group in a deal excluding debt. Read here
Europe’s airlines pivot to small M&A deals over costs
The continent’s major carriers are targeting bite-size deals and tie-ups after facing regulatory push-back against full mergers, focusing on minority stakes. Read here
