Australia's Brambles offloads crates business to ADIA, Triton
Australian container supplier Brambles has agreed to sell its global reusable plastic crates (RPC) business to Europe-based GP Trion and Abu Dhabi Investment Authority (ADIA) for $2.5 billion.
Up to $1.95 billion of the proceeds will be returned to investors through a $300 million cash payout and a $1.65 billion share buyback. The company’s stock spiked 8% on February 25 in response to the...
More on Australasia
Latest News
China data storage provider XSKY raises $45m
China-based data storage software services provider XSKY has raised a RMB320 million ($45 million) Series D led by China's State Owned Capital Venture Capital Fund.
China's CF PharmTech raises $50m Series F
CF PharmTech, a Chinese medical devices maker focused on innovative respiratory products, has raised a $50 million Series F round with support from CICC Capital.
China's Gan & Lee Pharmaceuticals gains after A-share debut
Chinese insulin manufacturer Gan & Lee Pharmaceuticals, which counts Qiming Venture Partners and Goldman Sachs among its investors, raised RMB2.5 billion ($354 million) through an A-share IPO.
KKR to buy control of Indian pharma player
KKR has agreed to buy a 54% stake in Indian drug maker J.B. Chemicals & Pharmaceuticals for INR31.1 billion ($416 million) and made an open offer for an additional 26% of the company.