Global merger, acquisitions crossed $1.2 trillion in first quarter of 2018
LONDON/NEW YORK: Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in...
Careem moves into delivery service by acquiring Delivery Chacha
KARACHI: In a model replicating UberRush, Careem the ride-hailing service has ventured into the delivery segment by acquiring Delivery Chacha, an on-demand...
Warren Buffet offloads stake in IBM, increases shareholding in Apple
NEW YORK: Warren Buffett’s Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp, backing further away from...
Careem looks to raise up to $200 million in China: source
In a separate development, Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential mergers and acquisition deal in the region with Uber Technologies Inc
Phillips to acquire Spectranetics for $2.2b
The Hague: Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a...
Akzo Nobel divests specialty chemicals business to Carlyle for $12.6 billion
AMSTERDAM: Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC ...
PICIC insurance set to merge into Crescent Star Foods
LAHORE: A bourse notification Tuesday filed by PICIC Insurance revealed the company's board of directors had approved its merger with Crescent Star...
What is Malik Riaz up to now?
On the surface, it is a transaction that makes absolutely no sense: why on earth is Bahria Town, Pakistan’s largest private sector...
Softbank purchases 15 percent stake in Uber
NEW YORK: A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare...
Faysal bank set to acquire 50 percent stake in Faysal asset management ltd
LAHORE: A bourse notification filed Thursday by Faysal Bank Limited disclosed its plan to acquire 50 percent shares in its associate Faysal...
Samsung hunting for bigger merger & acquisitions, deals
HELSINKI: Samsung Electronics’ $8 billion purchase of automotive and audio electronics company Harman has given the technology conglomerate confidence to chase more...
Plans to transfer control of Nandipur Power Plant, GEPCO to PSO
Finance Division seeks justification from power division for proposing transfer of controlling interest of GEPCO instead of Guddu Power Plant (GPP)Â
Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills
The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited
Puma Energy acquires 51pc stake in Pakistani OMC Admore
Karachi:Puma Energy Limited, whose largest shareholder is commodities trader Trafigura has inked an agreement with Admore Gas Private Limited to acquire 51pc...
Rio Tinto mulling to attract bids over $2.5bn for last two coal mines
MELBOURNE/LONDON: At least three bidders are expected to submit final offers for global miner Rio Tinto’s Hail Creek and Kestrel coal mines...