Mergers & Acquisitions
Sainsbury’s and Wesfarmers show keen interest to buy out Home Retail Group companies
Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
MUFG buys 20% stake in Philippines' Security Bank
Japan’s Mitsubishi UFJ Financial Group is said to have agreed to buy a 20 percent stock in Philippines' lender Security Bank Corp for $773 million (36.9 billion pesos), as an effort to strengthen its growth in Southeast Asia.
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquires UK's Airwave for $1.2 billion to enhance its service business in mobile communication.
Petra and Ekapa Acquire De Beers Oldest Diamond Mine
Petra Diamond Ltd and Ekapa Minerals Pty have acquired De Beers oldest diamond mine in Kimberley. UK's Petra Diamond Ltd partners with South African's Ekapa Minerals Pty to buy the oldest mines of De Beers in South Africa.