Page 117 - Acquisition News Today

Its the first lithium acquisition by Codelco

The Indian bankruptcy court has approved the acquisition of steel maker Mittal Corp Ltd by Shyam Metalics and Energy Ltd. The successful bidder, Shyam Sel and Power Ltd, will pay Rs 351 crore, resulting in a 20% recovery for all creditors. The financial creditors claim of Rs 1,587 crore will receive Rs 348.7 crore. The lenders had previously approved the revival plan with 100% voting in favor of Shyam Sel and Power.

Cartridge Technologies (CTI), a major supplier of MPS solutions for the US federal government, has been acquired by CenterGate Capital. Middle-market private equity firm CenterGate has bought CTI from another investment firm, Broadtree Partners, which had purchased the MPS provider in 2020. Founded in 1990, CTI is a contractor to the federal government and provides

KUALA LUMPUR, Oct 19 — Malayan Banking Bhd (Maybank) has proposed to acquire 8.34 million ordinary shares in Maybank Asset Management Group Bhd (MAMG), representing 20 per cent...

Farmers in Devanahalli are opposed to the land acquisition for industrial purposes and a meeting will be held on October 25 to discuss the issue, Karnataka Large and...

Hana Financial Group has announced its decision to withdraw from the acquisition of KDB Life Insurance. This marks the fifth time that the insurance subsidiary of the Korea Development Bank (KDB) has failed to secure a new owner.

KUALA LUMPUR: Minho (M) Bhd's wholly-owned subsidiary Syarikat Minho Kilning Sdn Bhd has entered into a sales and purchase agreement with Kheng Joo Realty Sdn Bhd and Kin Seng Properties Sdn Bhd to acquire a tract of freehold land measuring 7.8433ha in Jeram, in Kuala Selangor, Selangor, for RM18.41mil cash.

Investment holding company Global Oriental Bhd has proposed to acquire 550,000 shares or 55% of Edisijuta Parking Sdn Bhd (Edisijuta) for RM27.5mil cash from Cahaya Impian Sdn Bhd.

KUALA LUMPUR: Investment holding company Global Oriental Bhd (GOB) has proposed to acquire 550,000 ordinary shares or 55 per cent of Edisijuta Parking Sdn Bhd (EPSB) for RM27.5 million cash from Cahaya Impian Sdn Bhd.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has proposed to acquire 8.34 million ordinary shares in Maybank Asset Management Group Bhd (MAMG), representing 20 per cent of the total issued share capital of MAMG, from Permodalan Nasional Bhd (PNB) for RM70.39 million in cash.