Loblaw Cos Ltd. would buy Shoppers Drug Mart Corp for US$11.9 billion so that it could create a retail giant.
Sectors
The Royalty Exchange raises US$2.1 million from Grotech Ventures
The Royalty Exchange was able to secure series A capital funding from Grotech Ventures worth US$2.1 million.
China’s Technology Plan Fuels Highest Close of Technology Stocks in HK
Tencent and other Internet company in China led the highest close of the telecommunication industry in Hang Seng index since 2004
Reatile Group acquires Egoli Gas
The South African investment company bought 75% of Egoli Gas through a deal completed in April. South African investment company Reatile Group completed in April a deal to purchase 75% of Egoli Gas Ltd.
Nautic acquires Applied Consultants
Nautic Partners LLC said that it partnered with the management of Applied Consultants Inc to purchase Applied Consultants, Inc.
Latest News
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
Altor was geared to acquire a majority stake in Rossignol Group that include Weber Investment and the Boix-Vives family.
India’s government chooses five banks to administer the sale of its stake in Indian Oil Corp. The Indian government chose five banks that include the local units of HSBC Holdings and Citigroup Inc to administer the sale of its 10% stake in Indian Oil Corp.
According to Experian, Irish mergers and acquisitions declined 50%. According to Experian, a global information services company, the number of mergers and acquisitions in Ireland dropped by almost 50%.
Cayman Islands and 25 European countries signed MOUs for continued hedge funds marketing in the EU. The Cayman Islands and 25 European countries signed a memorandum of understanding (MOU).
Infosys planned to make acquisitions in Europe. Infosys planned to make acquisitions in Europe. This was an effort of leveraging offshoring to cut costs, said the Indian IT company.
NVM invested GBP7 million in 100-year-old furniture maker, Buoyant Holdings. NVM Private Equity invested GBP7 million in 100-year-old Buoyant Holdings.
Foresight Group invested GBP3.5 million in the buy-in management buyout of Aerospace Tooling. Foresight Group announced that it invested GBP3. 5 million or US$5.
Amphivena Therapeutics Inc. successfully completed a US$14 million equity. Separately, the company signs an agreement with Janssen Biotech Inc for exclusive rights for acquisition.
