Month: May 2023

Reuters was first to report on Sunday that a private equity consortium comprising Warburg Pincus and Advent International was in advanced talks to acquire medical device maker Baxter International Inc’s BAX.N biopharma solutions business in a deal that could exceed $4 billion. Warburg Pincus and Advent submitted the most attractive offer to Baxter in an […]

Reuters was first to report that the Italian Treasury is ready to back a joint purchase proposal for Telecom Italia’s (TIM) grid by KKR and state lender CDP in a bid to end a stalemate over the sale process of the phone group’s prized asset. Buoyed since early trade, Telecom Italia shares rose further after […]

Reuters swiftly reported on the European Central Bank’s rate hike strategy, as detailed by ECB President Christine Lagarde at a press conference. Reuters analyzes the likelihood of further tightening in the fight against inflation.    The post ECB slows rate hike pace but signals more to come appeared first on Reuters News Agency.

Reuters exclusively reported that Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024 – the first such postponement – under a deal announced last week that underlines deepening ties between Ankara and Moscow.   The post Turkey defers $600 million Russian energy payment under deal appeared first on Reuters News […]

Reuters exclusively reported that Microsoft is offering to charge more for its Office product when bundled with its messaging app Teams (versus Office without Teams) in an attempt to stave off an EU antitrust investigation. Microsoft was hit with more than 2.2 billion euros in EU antitrust fines in the previous decade for various antitrust […]

Shares of Spanish industrial testing company Applus jumped 14% after Reuters exclusively reported on May 4 that the company had attracted interest from private equity firms Apax, Apollo, I Squared, and TDR. Applus confirmed in a statement through Spanish market regulator on May 5 that it has received unsolicited approaches from investors, granting them access […]

Reuters exclusively reported that India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers. This would be a major setback for Indian importers of cheap oil and coal from Russia who were awaiting a permanent rupee payment mechanism to […]

Reuters exclusively reported that U.S. private equity firm Apollo Global Management Inc is seeking to take a majority stake in SAS and aims to apply for approval from Swedish and Danish regulators for the deal as part of the Scandinavian airline’s rescue plan. The post Apollo seeks to take majority stake in SAS’s Chapter 11 […]

Reuters was first to report that Barrick Gold Corp is not interested in buying Canadian miner Teck Resources’ copper business. Barrick CEO Mark Bristow told Reuters in an exclusive interview that the world’s second-biggest gold miner would instead expand its copper business through organic growth. Bristow sighted lack of synergies and Teck’s debt load for […]

Reuters exclusively reported that Suriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt. The post Suriname reaches debt restructuring deal with bondholders appeared first on Reuters News Agency.