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...
Government to accelerate privatisation move
ISLAMABAD: While the process of privatising government entities has been halted after few transactions of profitable organisations, the government has decided to...
Chinese company plans to invest $9bn in KE by 2030
ISLAMABAD: Shanghai Electric Power Company (SEPC) Chairman Yundan Wang said on Friday that his company was planning to invest $ 9 billion...
US govt moves to block AT&T $85.4 billion acquisition of Time Warner
WASHINGTON: The U.S. Department of Justice sued AT&T Inc on Monday to block its $85.4 billion acquisition of Time Warner Inc, saying...
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...
Kapco shelves plan to acquire 17.37pc stake in Hubco
LAHORE: A bourse notification from Kot Addu Power Company (KAPCO) disclosed it postponed plans to acquire 17.37pc stake in Hub Power Company...
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...
Philippine’s One Dex Cel Pharma shows intent to acquire 65pc equity stake in Haydery Construction
Karachi: In a notification sent to the bourse on Friday by Topline Securities announced the intention of Philippines based One Dex Cel...
Toshiba reaches $18b deal for its chip unit, but confusion persists
TOKYO: Japan’s Toshiba Corp said on Thursday it had signed a US$18billion deal to sell its chip unit to a consortium led...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Packages Limited completes 35pc acquisition of Stora Enso’s stake in BPL
Karachi: In a notification sent to the bourse on Tuesday, Packages Limited announced that it had completed its 35pc acquisition of Stora...
Toshiba receives revised offer of $22.3 billion for its chip unit
Tokyo: A group including Bain Capital and South Korea’s SK Hynix has raised its offer for Toshiba Corp’s chip business to 2.4...
Axiata nearing deal to acquire Veon’s Pakistan tower business for $1 billion: Bloomberg
Lahore: Bloomberg has reported that Malaysia’s biggest mobile operator Axiata Group is negotiating with Veon Limited to acquire its wireless towers business...
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...
CSIL acquiring company holding franchise rights to Fat Burger in Pakistan
Karachi: In a notification sent to the bourse on Wednesday, Crescent Star Insurance Limited (CSIL) announced that it had signed a memorandum...