** Italy gave conditional approval on Tuesday to the sale of
the Lukoil-owned refinery in Sicily to Cypriot private
equity firm G.O.I. Energy, people familiar with the matter told
Reuters.
** Accounting firm EY has called off a plan to break up its
audit and consulting units, slamming the brakes on a proposed
overhaul of its businesses that was meant to address regulatory
concerns over potential conflicts of interest.
** Switzerland's upper house of parliament voted on
Tuesday after a heated debate to approve retrospectively the 109
billion Swiss francs ($120.5 billion) in financial guarantees
used to rescue Credit Suisse last month.
** Glencore proposed introducing a cash component
to its $22.5 billion bid for Teck Resources and urged
its board to delay an impending vote on a restructuring.
** French media giant Vivendi is set to commit to
selling celebrity magazine Gala in a bid to win the European
Commission's approval for the acquisition of Lagardere , a source close to the matter said.
** French asset manager AXA IM said it has agreed to sell
its stake in French data centre firm Data4 to Brookfield
Infrastructure for a undisclosed amount.
** Bain Capital Tech Opportunities, the tech-focused
investment arm of Bain Capital, has agreed to buy a stake in
iManage, the enterprise software firm said.
** Britain's WPP said that private equity group KKR
had bought a minority stake in FGS Global in a deal that valued
its PR company at $1.425 billion.
** Berkshire Hathaway, the investment company owned by
Warren Buffett, has sold 2.48 million Hong Kong-listed shares of
electric vehicle maker BYD for HK$539.93
million ($68.78 million), a stock exchange filing showed.
** Private equity firm KKR & Co Inc has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion.
** Britain's MJ Hudson said it had agreed to sell
its data & analytics, and business outsourcing units for 40
million pounds ($49.70 million) to financial services provider
Apex Group.
** India's Glenmark Pharmaceuticals Ltd is
considering selling a majority of the 82% stake it holds in
Glenmark Life Sciences Ltd as it looks to lower its
debt load, the Mint business daily reported.
**Ahli Bank in Oman said it received a non-binding offer from Oman's second-biggest lender Bank Dhofar for a possible merger.
** Apex Group Ltd said it was planning to acquire various operating businesses of MJ Hudson Plc, a provider of ESG ratings and management company services to the asset management industry, for an undisclosed sum.
** Appliances maker Electrolux , is looking for an
alternative buyer for its factory in the U.S. city of Memphis as
the intended buyer has failed to close the deal, the Swedish
group said.
** Newmont Corporation laid down a best and final
offer for Australia's Newcrest Mining Ltd at A$29.4
billion ($19.5 billion) to close a deal that would extend
Newmont's lead as the world's biggest gold producer.
** Australia's OZ Minerals said its A$9.6 billion
($6.38 billion) buyout by BHP Group has received
Vietnam's Competition and Consumer Authority's approval.
** The U.S. Federal Trade Commission opened a new front in
its fight against the Intercontinental Exchange deal to
buy Black Knight by asking a federal court for a
preliminary injunction to halt the deal while its internal
administrative process moves forward.
(Compiled by Rajarshi Roy, Anne Florentyna Gnanaraja Sekar and
Jaiveer Singh Shekhawat in Bengaluru)
