Bharti Airtel to give Tanzania bigger stake in Airtel Tanzania

Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the East African nation’s holding in the mobile phone operator to 49% from 40%.

Uber names Pavan Vaish as head of central operations in India

Ride hailing platform Uber Monday said it has appointed Daksh e-services co-founder Pavan Vaish as the head of central operations in India. “As we embark on our next wave of growth, we are building and strengthening a team of industry experts and veterans who appreciate the impact of ride sharing and are… Read more »

Japanese asset manager Rheos Capital Works postpones $159m IPO

The company had previously said it planned to list on Mothers, a junior board of the TSE for start-up firms, on Dec. 25.

SoftBank’s telecom unit suffers $9b slump on debut after record IPO

Investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei.

China Development Bank supervises debt-laden HNA Group on asset sales

HNA has pushed ahead with asset sales that have so far included real estate, stakes in hotels groups and discussions on key overseas units such as Ingram Micro and its luxury $300-million-plus corporate “Dream Jet”.

China’s Anta Sports-led consortium buying Finland’s Amer for $5.2b

A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at $5.23 billion.

Toyota to buy out PSA Group stake in Czech factory

Toyota will take full ownership of the Czech plant of Kolin from January 2021.

China’s WuXi AppTec launches $1b Hong Kong listing in defiance of weak markets

WuXi’s listing comes after other companies have had to drastically scale back their funding ambitions because of jittery markets.

Unilever enters exclusive talks to buy Horlicks unit from GSK: Report

GlaxoSmithKline Plc is in exclusive talks to sell its Indian Horlicks nutrition business to Unilever Plc, putting an end to an auction that is expected to fetch more than $4 billion, Financial Times reported.

Japan’s Daikin to buy Austria’s AHT Cooling for $885m

Daikin’s acquisition of unlisted AHT Cooling would triple its sales in the refrigeration business.