The European Commission allowed the international concern ArcelorMittal to acquire the Italian steel producer Ilva, Deutsche Welle reports. According to the EU Commissioner for Competition, Margrethe Vestager, this transaction will not have a negative impact “on the European industry, it employs millions of employees and consumers”. At the same time, the EC demanded that the world's largest steel producer abandon a number of business lines. ArcelorMittal has committed to sell several steel mills in Belgium, the Czech Republic and Romania. These transactions should also be approved by the European Commission.
Chinese Internet service provider Tencent Holdings Ltd (0700.HK) said on Friday that it is discussing an investment worth $200 Million in the world's largest music company Warner Music Group (WMG) as part of its initial public offering ...
E-commerce giant Alibaba Group Holding Ltd said that they had plans to buy a minimum of 10% of Yunda Holding Co Ltd according to two sources with knowledge in the matter. Alibaba has been leaning on buying the stake from Yunda’s major ...
On Friday, the Central Bank of Australia purchased A$5 billion ($2.87 billion) worth of local government bonds. This came in its first round of unlimited quantitative easing program that aims at softening the blow of the coronavirus outbreak ...
SoftBank Group Corp said on Friday it would buy back up to 500 billion Yen ($4.8 billion) of its own shares after activist investor Elliot Management pressured the company to buy back $20 billion in stock. A SoftBank spokesperson said that ...
PepsiCo agrees to buy Chinese snack brand Be & Cheery for $705 million PepsiCo Inc has agreed to buy the China-based snack brand Be & Cheery from Haoxiangni Health Food Co Ltd for $705 million, according to the companies. Haoxiangni ...