Sudip Kar Gupta

China Southern Power Grid buys 25% from Ardian PE in European utility Encevo

The sale of the stake in Encevo comes after Germany last week stepped up efforts to prevent companies in critical industries from falling into Chinese hands.

French payments firm Worldline to buy SIX Group unit for $2.75b

Worldline said the deal would result in SIX Payment Services ending up with a 27 per cent stake in the French company.

Sanofi in talks to sell generics arm to Advent for $2.4b

Sanofi has been reshaping its business in recent months, spending over $16 billion on M&A and also selling off some assets.

Insurer AXA to buy Bermuda’s XL Group for around $15b

The deal, AXA said, would create a world leader in property and casualty insurance.

French carmaker PSA, Malaysia’s Naza in production JV to tap Asian markets

PSA said the deal with Naza Corp formed part of the company’s “Push to Pass” strategic plan to boost sales.

China’s Fosun beats Qatar fund to acquire French fashion house Lanvin

The Chinese group will invest around 100 million euros ($122.77 million) in the business.

French food major Danone to sell 14% stake in Japan’s probiotics maker Yakult

The sale of two-thirds of Danone’s current Yakult holding could fetch about 1.5 billion euros ($1.86 billion).

Credit Agricole’s Indosuez arm to buy some CIC Asian private banking units

Private banking has often been the stage for M&A activity.

PE-backed Vivarte sells clothing brand Kookai to Australia’s Magi

Private-equity backed French clothing retailer Vivarte, which is aiming to restructure more than 1.3 billion euros ($1.5 billion)of debt, has agreed to offload its Kookai brand to Australian company Magi as part of Vivarte’s ongoing sell-off programme. The sale of Kookai, announced by Vivarte on Tuesday, comes two months after it… Read more »