** BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant, netting proceeds of about $25 million.
** Walmart Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload menswear label Bonobos, underscoring an effort to improve margins by narrowing focus and building on alternative revenue streams.
** Fosun International said steel manufacturer Jiangsu Shagang Group has filed a lawsuit against the company alleging the failure of one of its unit to perform an obligation under a recent deal.
** Russian tech giant Yandex said it had bought Uber's stake in their joint taxi venture for $702.5 million, becoming the sole owner of the Yandex.Taxi business and bringing Uber's involvement in Russia to a close.
** EverCommerce Inc , a private equity-backed management software vendor, is exploring a sale of the company after attracting acquisition interest, people familiar with the matter said.
** Nestle and private equity firm PAI Partners have agreed
to set up a joint venture for Nestle's frozen pizza business in
Europe, the Swiss company said, adding financial details were
not disclosed.
** Marcegaglia has acquired Russian steelmaker Severstal's unit in Latvia, the Italian steel firm said, after
sanctions on Severstal's main shareholder made it impossible for
the business to operate.
** Advent-owned NielsenIQ said it had notified the European
Commission it would withdraw the current acquisition filing for
German market research firm GfK, adding a new tie-up plan would
be submitted "as soon as possible".
** Canada's Brookfield Asset Management has made a
counter bid of 2.13 billion pounds ($2.7 billion) to take over
payments provider Network International , topping a
joint proposal from CVC Capital and Francisco Partners.
** Australia's Essential Metals Ltd said it had terminated a A$136 million ($91.69 million) takeover deal signed with China's Tianqi Lithium in January this year.
** Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald's Corp's China operations, seeking a valuation of $8 billion to $10 billion for the business, Bloomberg News reported.
** Norway's sovereign wealth fund, one of the world's largest investors, said it would support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc.
** The CEO of Russia's Sberbank said there had been no discussions about acquiring Austrian lender Raiffeisen Bank's Russian assets.
** Henkel said it expects to see a net financial loss in the deal to sell its Russian business.
** British transport company FirstGroup and
infrastructure fund I Squared are weighing competing bids for
parts of Deutsche Bahn's international transport business
Arriva, according to a number of people familiar with the
matter.
(Compiled by Khushi Mandowara and Sriparna Roy in Bengaluru)
