AstraZeneca will acquire Neogene Therapeutics, a US-based clinical-stage biotechnology company, for a total consideration of up to $320 million, bringing next-generation transformative cell therapies for cancer treatment. The value of the transaction constitutes an initial payment of $200 million on post-closing and an additional payment of up to $120 million on hitting a certain number […]
Singapore’s flag carrier airline Singapore Airlines and Tata Sons, the parent company of the Tata Group, will merge Air India and Vistara to establish an enlarged airline group in India. Post-merger, Singapore Airlines is expected to increase its presence in India and advance its multi-hub approach while Air India is expected to benefit from Vistara’s […]
HSBC Holdings, through its wholly-owned subsidiary HSBC Overseas Holdings (UK), has agreed to sell HSBC Canada to the Royal Bank of Canada (RBC) for a cash consideration of CAD13.5 billion ($10.1 billion). Under the agreement, RBC will acquire 100% of the issued common equity of HSBC Canada, apart from all the preferred shares and the […]
Gland Pharma, an Indian contract development and manufacturing organization (CDMO), through its Singapore subsidiary Gland Pharma International, has agreed to acquire Cenexi, a French CDMO, at an enterprise value of €230 million. In this regard, the parties have signed a ‘Put Option Agreement’, which is expected to help Gland Pharma foray into the European CDMO […]
Sibanye-Stillwater has sanctioned capital expenditure (capex) of €588 million for the Keliber lithium hydroxide project in Finland having increased its interest to around 85% in Keliber Oy, a Finnish mining and battery chemicals maker. According to the South African miner, construction at the Kokkola lithium hydroxide has started, which marks the first phase in the […]
EQT Infrastructure V fund has agreed to acquire a majority stake in Trescal, a French calibration company, from Ontario Municipal Employees Retirement System (OMERS), marking the fund’s third investment in France. Trescal offers regulated calibration services for testing and measurement equipment in end-markets such as transport, telecom, and healthcare. The Paris-headquartered company operates third-party calibration […]
Maple Leaf Foods, a Canadian consumer packaged meats company, has begun production at its new poultry facility in London, Ontario, increasing the company’s chicken processing capacity to meet the growing demand. Built with an investment of CAD 772 million ($568.4 million), the poultry processing plant will deliver chicken products, including halal chicken products and those […]
American hospitality company Hyatt Hotels has opened Hyatt Regency Trivandrum, marking its third Hyatt property in the Indian state of Kerala and the sixteenth in the country. The other two Hyatt properties in Kerala include Grand Hyatt Kochi and Hyatt Regency Thrissur. Hyatt Regency Trivandrum, which is spread over 2.2 acres, is designed for business […]
Sonic Healthcare, an Australian medical diagnostics provider, will acquire a 19.99% interest in a precision microbiome company Microba Life Sciences for AUD 17.8 million ($11.9 million) to establish a commercial partnership. Based in Australia, Microba Life Sciences delivers gut microbiome testing services to researchers, clinicians, and consumers across the globe. The transaction is expected to […]
Horwin, a Chinese electric two-wheeler manufacturer, has unveiled the first e-motorcycle model Senmenti 0 of the Horwin Senmenti series. Senmenti 0, a high-performance e-motorcycle, features new batteries, motors, bodies, assistance, and safety systems as well as sophisticated designs. The e-motorcycle with a top speed of 200 km/h is rated at 300 km at an average […]