Tag: acquisition

To further promote ‘Make in India’ and ‘Aatmanirbharta’ in defence and enable Ease of Doing Business, Defence Acquisition Procedure (DAP) 2020 has been amended based on the approvals accorded by Defence Acquisition Council (DAC) in respect of the following: ·      Going forward all modernisation requirements of the Defence Services and Indian Coast Guard are to be indigenously sourced irrespective of the nature of procurement. Import of defence equipment/sourcing from Foreign Industry of capital acquisitions should only be an exception and undertaken with specific approval of DAC/Raksha Mantri. ·      As advised by Ministry of Finance and ... Read more

LTKM Berhad (LTKM), a leading chicken egg producer, today announced a composite proposal, chiefly to divest the Company’s existing business and venture into the business of providing of electronic manufacturing services (EMS) while at the same time, rectify its non-compliance with the public spread requirement of its shares under the listing requirements of Bursa Securities Malaysia Berhad.Executive Chairman of LTKM, Datuk Tan Kok said, “At its core, the proposals seek to reward our shareholders from the proceeds of the disposal of the Company’s existing poultry business while at the same time, allow them to continue participating in the new EMS ... Read more

The Competition Commission of India (CCI) approves acquisition of the stake in Busybees Logistics by TPG. The proposed combination envisages acquisition of ~7% shareholding of Busybees Logistics Solutions Private Limited (Xpressbees) by TPG Growth V SF Markets Pte. Ltd. (TPG SF). TPG SF is majority owned and controlled by certain affiliates of TPG, Inc. TPG, Inc. is the ultimate holding company of the TPG group. TPG Group is an investment firm and has assets under management in sectors such as consumer, healthcare, technology, financial services, travel, media and real-estate. Xpressbees is ... Read more

Paris France – WEBWIRE – Wednesday, January 5, 2022 Atos announced that it has completed the acquisition of Cloudreach, a leading multi-cloud services company specializing in public cloud application development and cloud migration, with strong partnerships with all three hyperscalers. Through this acquisition Atos welcomes over 600 highly skilled cloud professionals to further strengthen its global cloud expertise. Cloudreach brings extensive cloud-native expertise and rich global partnerships with AWS, GCP and Azure including the recently signed AWS Strategic Collaboration Agreement and the announcement of Cloudreach as the 2021 AWS Consulting Partner of the Year for UKI. ... Read more

The Competition Commission of India (CCI) approves proposed combination involving (a) acquisition of stake by Veolia Environnement S.A (Veolia) in SUEZ (S.A), and (b) acquisition of stake in New Suez by Meridiam, Global Infrastructure Management, LLC, La Caisse des dépôts et consignations and CNP Assurances. Veolia – Veolia is incorporated in France. Veolia operates through three business lines worldwide for (i) water management, (ii) waste management, and (iii) energy solutions and sources. Suez – Suez is incorporated in France. Currently, Suez is deployed in three business segments worldwide: (i) Water, (ii) Recycling and Recovery, and (iii) Environmental Tech & Solutions. Meridiam – Meridiam, incorporated ... Read more