South African retail company Massmart is currently in talks to purchase a controlling stake in fellow South African grocery delivery service OneCart Pty Ltd. According to the Walmart-owned company, the acquisition of OneCart is aimed at advancing efforts to expand its eCommerce business.
While South African retailers have long lagged...
National Australia Bank announced on Monday that it has decided to acquire Citigroup's Australian consumer business in a deal worth A$1.2 billion ($882.24 million). This deal includes a premium of A$250 million and will not include the purchase of Citi's current tech systems or platforms.
This deal has been concluded...
With a Bank of England meeting scheduled later in the day, the British pound rose on Thursday morning, gaining 0.2% against both the US dollar and the euro. The BoE meeting is expected to involve the expansion of stimulus grants despite it being a period of economic recovery and...
Private equity firm Carlyle Group Inc. has taken the decision to invest in Abrigo, a firm that specializes in supplying financial analysis and risk management software. The Accel and KKR-backed firm is currently valued at over $1 billion as a result of the investment, the details of which remain...
KakaoBank is set to raise 2.55 trillion won ($2.2 billion) in funds as it makes its public debut. This comes after the internet-only retail lender decided to value itself at the top of a marketed range. The company has made 65.45 million new shares available for sale, priced at...
After releasing reserves that it had set aside during the height of the pandemic last year, Bank of America has experienced a 173% surge in second-quarter profit. In contrast with this good news, Bank of America has also incurred a spike in expenses as well as flagging revenues.
In terms...
South African gold mining company AngloGold Ashanti announced earlier this week that it has agreed to purchase all outstanding shares in Canadian bullion miner Corvus Gold in an effort to expand its overseas reach. The all-cash deal will be conducted at a 55% premium to the market price of...
Goldman Sachs Group's asset management arm said on Tuesday that they, together with a company co-founded by private equity firm Warburg Pincus, jointly acquired logistics assets in China to the value of $488 million. The assets, which are mostly part of real estate projects, are located in gateway cities...
With its official London Stock Exchange trading debut to commence on Wednesday, fintech company Wise is expected to receive a market capitalization of 7 billion pounds ($9.66 billion). This comes after it was indicated that the company's Class A shares would open at 750 pence (approximately $10) each at...
Visa Inc revealed on Thursday that it has agreed to purchase the European open banking platform Tink for 1.8 billion euros. The decision to acquire the Swedish fintech startup comes just months after Visa scrapped its plans to purchase Tink's U.S. rival Plaid.
Visa's $5.3 billion deal Plaid had to be...