Controlling Stake News Today

The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few weeks after which two or at best three will be allowed to conduct detailed due diligence, according to the sources.

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KKR & Co. is reportedly considering selling its 53.8% controlling stake in Indian pharmaceutical company JB Chemicals & Pharmaceuticals Ltd. The US private equity firm is said to be exploring options and seeking financial advisers for a potential sale, with other buyout firms and industry players expressing preliminary interest. JB Pharmas shares have seen a 68% increase in the past year, valuing the company at just over $3 billion.

Dr BS Ajaikumar, Executive Chairman of Healthcare Global, is focused on achieving margin and expects growth. HCG plans to do more M&As and is looking for a long-term partner. There is potential for significant growth in oncology, driven by increased private insurance and expansion into tier II and III cities.

PONTPIERRE, France-- FDE (Euronext: FDE - ISIN: FR0013030152), a carbon negative energy producer, has agreed to acquire a controlling stake in Greenstat ASA,

(Bloomberg) -- Emirates Telecommunications Group, the biggest phone operator in the United Arab Emirates, ended talks for a controlling stake in Saudi Arabia’s Mobily.Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionBridgewater CEO’s Past Office Romance Led to Favoritism ClaimsL’Oreal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion FortuneMaine Bars Trump From State’s 2024 Presidential Primary Ball...

Paramount has long been viewed as a potential acquisition target.

Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company"), a leading internet company, today announced that the Company, through two of its wholly-owned subsidiaries, has acquired an aggregate of 35.17% equity interest of Beijing OrionStar Technology...

(Bloomberg) -- It took just a few hours for Prime Minister Giorgia Meloni to kick off the sale of a $1 billion stake in Banca Monte Paschi di Siena SpA which had been years in the works.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIOpenAI in ‘Intense Discussions’ to Quell Potential Staf...

It is understood Bill Foley has held initial talks over making a non-controlling investment.