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Exclusive-Abu Dhabi's IHC to IPO subsidiary Multiply this year, CEO says

Abu Dhabi conglomerate International Holding Co (IHC) plans to list subsidiary Multiply, a holding company that invests in tech-focused businesses, on Abu Dhabi's main stock market this year, IHC's chief executive said.

Dubai , Dubayy , United-arab-emirates , Abu-dhabi , Abuz-aby , Turkey , Davide-barbuscia , Alpha-dhabi , Abu-dhabi-crown , Mark-potter , Syed-basar-shueb , Sheikh-tahnoon

SoftBank-backed SPAC to take Mapbox public in $2 billion deal - Sky News

By Reuters Staff
2 Min Read
(Reuters) -Mapbox, a location data services provider, is in talks to go public through a merger with a blank-check firm backed by SoftBank Group Corp in a deal that could value the company at around $2 billion, according to a Sky News report on Friday.
The San Francisco-headquartered company is in talks with SVF Investment Corp 3 to take it public, the report said, citing a U.S. banking source. (bit.ly/3aCbYLw)
Investment banks including Cantor Fitzgerald LP, Citigroup Inc, Deutsche Bank AG, JPMorgan Chase & Co and UBS AG could be involved in the deal, Sky said.

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Hammerson exits UK retail parks sector with $459 million assets sale to Brookfield

By Reuters Staff
2 Min Read
FILE PHOTO: Shoppers are seen walking near Bullring shopping centre, owned by mall operator Hammerson, after new nationwide restrictions were announced during the coronavirus disease (COVID-19) outbreak in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
(Reuters) - Hammerson said on Wednesday it sold seven retail parks to Canadian private-equity firm Brookfield Asset Management for 330 million pounds ($459.33 million), marking the mall operator’s exit from the UK retail parks sector.
British shopping centres are set to be fully operational by mid-May under phased exit plan from coronavirus restrictions, which have kept shoppers at home and led to widespread retail rent deferrals.

Canada , Bengaluru , Karnataka , India , United-kingdom , Brookfield , Nova-scotia , British , Canadian , Sherry-jacob-phillips , Jose-koilparambil , Rita-rose-gagn

Microsoft in talks to buy AI firm Nuance Communications for about $16 billion - Bloomberg

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, Bloomberg News reported on Sunday.

Burlington , Massachusetts , United-states , Bengaluru , Karnataka , India , Lisa-shumaker , Radhika-anilkumar , Daniel-wallis , Thomson-reuters-trust-principles , Bloomberg , Microsoft-corp

Microsoft in talks to buy AI firm Nuance Communications for about $16 billion -source

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.

New-york , United-states , Burlington , Massachusetts , Bengaluru , Karnataka , India , Lisa-shumaker , Radhika-anilkumar , Daniel-wallis , Thomson-reuters-trust-principles , Linkedin

Dubai's Nakheel eyes district cooling assets sale - sources

3 Min Read
DUBAI (Reuters) - Dubai state developer Nakheel is considering the sale of its district cooling assets, three sources familiar with the matter told Reuters, as real estate companies in the United Arab Emirates sell assets amid the coronavirus downturn.
FILE PHOTO: The logo of Nakheel is seen on at the entrance of its office in Dubai, United Arab Emirates July 27, 2017. REUTERS/Alexander Cornwell
Nakheel, the developer of the emirate’s palm-shaped islands, has hired financial advisory Synergy Consulting to manage the process, said two of the sources who declined to be named as the matter was not public.

Dubai , Dubayy , United-arab-emirates , Davide-barbuscia , Hadeel-al-sayegh , Jason-neely , Thomson-reuters-trust-principles , Emirates-central-cooling-systems-corp , Abu-dhabi-aldar-properties , National-central-cooling-co-tabreed , Dubai-international-airport , Emaar-properties

Roche buys GenMark for $1.8 million to challenge test rivals

By Reuters Staff
3 Min Read
ZURICH (Reuters) - Roche is filling a testing portfolio gap by buying U.S.-based GenMark Diagnostics in a $1.8 billion deal that the Swiss pharmaceuticals manufacturer said taps one of the fastest-growing diagnostics areas.
FILE PHOTO: The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann
Basel-based Roche launched a cash offer for GenMark for $24.05 per share, a premium of 43% on GenMark’s Feb. 10 share price, before media deal speculation. The transaction should close in the second quarter.
GenMark makes “syndromic panel tests” to simultaneously detect multiple pathogens responsible for respiratory illnesses like pneumonia or the dangerous blood infection sepsis, an area Roche has sought to enter to challenge rivals like France’s bioMerieux.

Zurich , Zusz , Switzerland , France , Swiss , Sherry-jacob-phillips , Riham-alkousaa , John-revill , Thomas-schinecker , Ed-osmond , John-miller , Thomson-reuters-trust-principles

AerCap confirms aircraft-leasing business talks with General Electric

Ireland's AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business.

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UPDATE 2-S.Africa's Imperial Logistics prepares for European exit

By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - South Africa’s Imperial Logistics Limited said on Tuesday it will explore an exit plan for its international logistics business as part of its strategy to focus on Africa.
The Johannesburg-based freight company is in the middle of a restructuring that includes exiting unprofitable contracts and non-core businesses and consolidating operations and properties as part of its plan to drive profits.
“We have concluded that Logistics International is non-core to our ‘Gateway to Africa’ strategy and we will explore an appropriate exit plan for this business,” Chief Executive Officer Mohammed Akoojee said.

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S.Africa's Imperial Logistics explores exit plan of European business

By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - South Africa’s Imperial Logistics Limited said on Tuesday it will explore an exit plan for its international logistics business as part of its strategy to focus on Africa.
The Johannesburg-based freight company is in the middle of a restructuring that includes exiting unprofitable contracts and non-core businesses and consolidating operations and properties as part of its plan to drive profits.
“We have concluded that Logistics International is non-core to our ‘Gateway to Africa’ strategy and we will explore an appropriate exit plan for this business,” Chief Executive Officer Mohammed Akoojee said.

South-africa , Johannesburg , Gauteng , United-kingdom , Promit-mukherjee , Nqobile-dludla , Mohammed-akoojee , Thomson-reuters-trust-principles , Logistics-international , Africa-imperial-logistics , Reuters , Imperial-logistics-limited