IN Pipeline 20181016

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DEAL OF THE DAY:  Japanese oil refiner Idemitsu Kosan finalized a deal to buy out Showa Shell Sekiyu through a share swap in a transaction worth about $5.6 billion.


** Inc is likely to buy at least 7 percent to 8 percent stake in India’s Future Retail Ltd through an investment arm, CNBC-TV 18 reported, citing sources.

** Morocco’s Banque Centrale Populaire SA said it had sealed the acquisition of Banque des Mascareignes in Mauritius from French cooperative lender BPCE group.

** EU antitrust regulators reviewing Sony Corp’s $2.3 billion bid for EMI Music Publishing are asking rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.

** Israeli cybersecurity technology and services provider Sygnia said it will be acquired by Singapore-based investment firm Temasek for an undisclosed amount.

** The chairman of luxury company Tod’s Diego Della Valle denied speculation over the possible sale of the group, whose majority is owned by his family.

** Britain’s competition regulator will include German discounters Aldi and Lidl, and online giant Amazon, in its market probe of Sainsbury’s proposed takeover of Asda, boosting the deal’s chances of being approved without a big sale of stores.

** Sev.en Energy will modify its offer for Czech CEZ’s Pocerady coal-fired power plant, the company’s chief executive Lubos Pavlas told reporters.

** Spanish utility Iberdrola said it had agreed to sell its stake in its conventional generation assets, held by the company Scottish Power, to Drax for around 801 million euros ($927 million) as part of its asset rotation plans.

** Sweden’s Ambea has agreed to buy nursing homes and assisted living operations of rival Aleris for an estimated 3 billion Swedish crowns ($335 million) to become the Nordic region’s largest care provider, it said.


Happy Networking and Investing,

JD Morris

JD Morris

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

Author: JDM

Simi Private

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