South Africa’s Aspen expands further into Asia with Sandoz China deal

South Africa’s Aspen expands further into Asia with Sandoz China deal

An Aspen Pharmacare logo is seen at outside company offices in Woodmead, Johannesburg, South Africa, September 13, 2018. REUTERS/Siphiwe Sibeko/File Photo Acquire Licensing Rights JOHANNESBURG, Dec 4 (Reuters) – Aspen Pharmacare (APNJ.J) is expanding further into China through a deal to buy the Chinese business of Swiss group Sandoz (SDZ.S) for up to 92.6 million … Read more

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Exclusive: Cigna explores shedding Medicare Advantage business -sources

Signage for Cigna is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights NEW YORK, Nov 6 (Reuters) – U.S. health insurer Cigna Group (CI.N) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people aged 65 and … Read more

India’s Raymond bolsters engineering business in $82-mln deal

India’s Raymond bolsters engineering business in $82-mln deal

BENGALURU, Nov 3 (Reuters) – India’s Raymond (RYMD.NS) said on Friday it would pay 6.82 billion rupees ($82 million) for a majority stake in an auto parts maker, doubling down on its shift away from its once mainstay textiles business into engineering and real estate. Raymond said it will buy a 59.25% stake in Maini … Read more

Western Digital to split flash memory business after Kioxia merger talks stall

Western Digital to split flash memory business after Kioxia merger talks stall

The logo of Western Digital Corporation is displayed at the company’s headquarters in Tokyo, Japan, May 27, 2019. REUTERS/Yoshiyasu Shida/File Photo Acquire Licensing Rights Oct 30 (Reuters) – Western Digital (WDC.O) said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the … Read more

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources

The logo of Korean Airlines is seen on a B787-9 plane at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights BRUSSELS, Oct 17 (Reuters) – South Korea’s biggest carrier, Korean Air Lines (003490.KS), will offer to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to … Read more

Microsoft closes $69 billion Activision deal after Britain’s nod

Microsoft closes $69 billion Activision deal after Britain’s nod

Biggest-ever gaming deal closes after UK approval UK regulator CMA had blocked the acquisition in April Microsoft agreed to sell streaming rights to win approval CMA says ‘sticking to its guns’ pays off for gamers LONDON, Oct 13 (Reuters) – Xbox maker Microsoft (MSFT.O) closed its $69 billion deal for Activision Blizzard (ATVI.O) on Friday, … Read more

Citigroup to sell China consumer wealth business to HSBC

Citigroup to sell China consumer wealth business to HSBC

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights Oct 9 (Reuters) – Citigroup Inc (C.N) said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets … Read more

SBB sells 1.16% of education unit, receives $700 mln as part of loan repayment

SBB sells 1.16% of education unit, receives $700 mln as part of loan repayment

Sept 24 (Reuters) – Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) and become a minority owner. SBB added that EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving … Read more

UK’s Zegona in talks to buy Vodafone’s Spain business

UK’s Zegona in talks to buy Vodafone’s Spain business

Tourists take a break next to a Vodafone store on a shopping street, in Ronda, Spain, June 2, 2023. REUTERS/Jon Nazca Acquire Licensing Rights MADRID/LONDON, Sept 22 (Reuters) – British telecom investment company Zegona (ZEG.L) said on Friday it was in talks with Vodafone (VOD.L) about a potential acquisition of the British telecom giant’s Spanish … Read more

Bankrupt drugmaker Mallinckrodt considers sale of opioid business – WSJ

Bankrupt drugmaker Mallinckrodt considers sale of opioid business – WSJ

Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo Acquire Licensing Rights Sept 18 (Reuters) – Bankrupt drugmaker Mallinckrodt is in talks with major investors about selling some or all of its business units, which … Read more