Possible trade talks between the United States and China lifted risk sentiment after lacklustre earnings results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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World stocks surge on signs of easing US-China trade tensions
Possible trade talks between the United States and China lifted risk sentiment after lacklustre earnings results from tech bellwethers Apple and Amazon fuelled worries about the impact of a global trade war. Read here
Apollo raises $5.4B for debut secondaries fund
The New York-based alternative asset manager has closed its debut secondaries fund, S3 Equity and Hybrid Solutions, as institutional demand for liquidity accelerates in a subdued dealmaking environment. Read here
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J&J-backed HistoSonics explores sale at $2.5B
The Michigan-based medical technology company is considering a divestiture at a valuation of more than $2.5 billion after receiving multiple takeover offers. Medtronic and GE HealthCare are evaluating the business. Read here
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NEWS WORTH NOTING
NEWS WORTH NOTING
Qenta buys Pipit to launch universal payment suite
The Houston-based global payments company has acquired the Irish B2B cross-border payments platform operating in over 45 countries, bringing its international compliant network of over 1 million pay-in points. Read here
Equinor offloads stake in Brazilian oil field for $3.5B
The Norwegian energy explorer has agreed to sell its 60% stake in the Peregrino oil and gas project off the Brazilian coast as it seeks to streamline international operations. Read here
Warburg, Lactalis, Saputo
bid in $2.4B Fonterra sale
The companies would be vying for the New Zealand dairy cooperative’s global consumer businesses consisting of the marketing of brands such as Mainland and Anchor butter. Read here
Vedanta weighs Zambia
IPO to fund $1B investment
The Indian mining and energy company is considering listing its copper unit in the south-central African country to raise the capital it needs to invest in the asset. Read here
Carlyle Group sells full stake in India’s PNB Housing
The global private equity firm has sold its entire 10.44% stake in the housing finance company via block deals, according to business news website Moneycontrol. Read here
