News by tag: Mergers and acquisitions

20.06.2017

Nestlè invests in US online meal maker

Nestle has acquired a minority stake in US online meal-kit service Freshly, the latest investment a packaged food major has made in the category. The world's largest food maker did not disclose the size of stake it has bought in Freshly but said it was "the lead investor in the $77mln round of new funding" that was announced by Freshly on Monday.

 
Read More
09.06.2017

Syngenta sells sugar business to Denmark's company

Swiss agriculture company Syngenta, which is in deal to be bought by China National Chemical Corp., known as ChemChina, announced Friday that it has entered into an agreement to sell global Sugar Beet seeds business to DLF Seeds. Financial terms of the transaction are not disclosed. The transaction is subject to customary approval requirements and expected to close by the end of the third quarter of 2017. DLF Seeds is a seed company dealing in forage and turf seeds, and other crops.

 
Read More
07.06.2017

Santander to takeover Banco Popular for €1

Spain's Banco Santander said Wednesday it will take over struggling Banco Popular Espanol for the symbolic price of 1 euro, creating the country's largest bank by lending and deposits, according to a press statement.  "This means that Banco Popular will operate under normal business conditions as a solvent and liquid member of the Santander Group with immediate effect," the board said.

 
Read More
22.05.2017

Huntsman, Clariant Agree on a $14 bn merger

Hunstman Corp and Switzerland's Clariant AG announced their merger on Monday; the deal would create a trans-Atlantic company valued at about $14 billion offering an array of chemicals such as polyurethanes, pigments, automotive fluids, additives and resins that are used across industries ranging from aerospace to agriculture to household cleaning. Under the terms of the proposed deal, Clariant shareholders would own 52 percent of the combined company. Huntsman shareholders, including its eponymous founding family, would own the rest.

 
Read More
18.05.2017

EU sent a (€110 mln-fine) message to Facebook over WhatsApp takeover

Facebook has been fined €110m by the EU for providing misleading information about its 2014 takeover of WhatsApp. The Commission previously expressed concern that the social media giant had not correctly communicated planned changes to its privacy policy. The European commission said it had imposed a “proportionate” fine on the technology company to send a clear signal that all firms must comply with EU competition rules.

 
Read More
15.05.2017

Moody's to buy data firm Bureau van Dijk for $3.3 bn

Credit ratings agency Moody's said Monday it will buy Dutch business intelligence company Bureau van Dijk for for about $3.3 billion to extend its risk data and analytical businesses. Bureau van Dijk is currently owned by investment firm EQT and it distributes financial information and private company datasets of 220 million companies. "Bureau van Dijk is a high growth information aggregator and distributor that positions Moody's at the center of a unique network of global risk data," said Moody's CEO Raymond McDaniel. "This acquisition provides significant opportunities for Moody's Analytics to offer complementary products, create new risk solutions and extend its reach to new and evolving market segments."

 
Read More
05.05.2017

Syngenta shareholders accept ChemChina offer

Shareholders in Swiss pesticide and seed giant Syngenta have accepted the company’s takeover by state-owned ChemChina, the companies said Friday, which would be the biggest overseas acquisition by a Chinese firm. The proposed merger is part of a broader wave of consolidation in the agro-chemicals sector that has worried environmental activists and farmers. At the closing date for the offer on May 4, shareholders holding around 80.7 percent of the company’s stock had accepted the US$43-billion takeover, according to a preliminary count. Subject to confirmation of the results, “the Minimum Acceptance Rate condition of 67 percent of issued Syngenta shares has been met”, they said in a statement.

 
Read More
04.05.2017

Deutsche Bank welcomes the largest shareholder, Chinese HNA firm

Chinese conglomerate HNA Group has become Deutsche Bank AG's largest shareholder after increasing its stake in the German lender to almost 10%, according to a filing made by asset manager C-Quadrat and other entities. It took HNA's stake to 9.92%, following an initial stake of 4.76%, which it had earlier secured through C-Quadrat. The acquisition of a significant stake in a pillar of European finance is another example of China's growing global influence. Last year, Chinese firms announced around $220 billion worth of deals for foreign companies, far more than any previous year. HNA's increased stake in Deutsche Bank makes it the lender's largest shareholder, ahead of members of Qatar's royal family and U.S. money manager BlackRock, according to public filings.

 
Read More
10.04.2017

EFG completes integration, by-bye BSI

Finally, the integration of the Swiss business of Banca Svizzera Italiana (BSI) into EFG Bank has been completed. From this moment, the majority of the customer relationships and employees of BSI are transferred, as EFG referred in a media release. The combined business will now be launched on the market under the name EFG. EFG International said it completed the legal integration of "substantially all" of BSI SA's Swiss business into EFG Bank AG, a 100 percent subsidiary of EFG International. The remaining BSI entities in Luxembourg and Monaco are expected to be integrated in the course of the second quarter of 2017, EFG said.

 
Read More
05.04.2017

Syngenta-ChemChina: merger is OK for US antitrust

US regulators have agreed to a Chinese conglomerate’s proposed $43 billion acquisition of Swiss agribusiness giant Syngenta on condition it sells some businesses to satisfy anti-monopoly objections. China National Chemical and Switzerland's Syngenta have agreed to divest three types of pesticides in order to win U.S. Federal Trade Commission approval for their $43 billion merger, the largest ever overseas acquisition by a Chinese company. A U.S. national security panel cleared the deal in August 2016, despite concerns among some lawmakers and farmers about China's influence in U.S. food production.

 
Read More

Events


Semptember 2015
  • 22
    Jun

    Benjamin Graham once said: "The essence of investment management is the management of risks, not the

  • 22
    Jun

    Wo liegt die Zukunft des Investierens und wie kann man sich in der steigenden Komplexität der Produ

  • 22
    Jun

    The event, reserved only to qualified investors, is aimed at private bankers, asset managers, famil

  • 28
    Jun

    Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th

  • 30
    Jun

    Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR9030.620,50 %
LYXOR DAX INAV121.844-0,08 %
FTSE MIB Index20912.30-0,76 %
FTSE 1007427.02-0,28 %
CAC 405258.86-0,29 %
S&P 5002435.28-0,01 %
NASDAQ Composite6230.2124-0,06 %
HANG SENG INDEX25674.53-0,08 %
Powered by Yahoo Finance