BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s…
Nike shares jump after Apple CEO Tim Cook buys $3 million stake
Nike shares ticked up 2% in premarket trading on Wednesday after Apple CEO Tim Cook bought nearly $3 million worth of the sportswear maker's stock. Cook, who has served on Nike's…
Australian retirement fund to buy $576 million stake in Westfield Sydney mall
The Australian Retirement Trust (ART) will acquire a near 20% stake in Scentre Group's iconic Westfield Sydney shopping mall for A$864 million ($575.68 million), the shopping centre owner said on…
Fortescue to buy remaining stake in Alta Copper in C$139 million deal
Australia's Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed…
L’Oreal to increase stake in skin care firm Galderma to 20%
L'Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming…