acquisition

The undisclosed deal for DiabTec, struck with Jalphur, gives the firm a MENA manufacturing base, as Kelix Bio continues its acquisition spree.

MSM is one of Mongolia’s largest distributors for foreign brands, while Singapore-based Jebsen & Jessen used to be their client.

The Canadian owner of Circle K wants to buy rival Seven & i, which, if the deal is agreed, would be the largest foreign takeover of a Japanese listed company; however antitrust issues are likely.

The Australian Competition Tribunal has overturned an ACCC decision not to authorise the deal which was first struck for A$4.9 billion in July 2022.

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

The Singaporean bank has acquired Citi’s Taiwanese consumer franchise following plans announced at the start of 2022.

The deal, announced in March and finalised on October 18, strengthens EQT’s footprint in the region.

UOB has agreed to acquire Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam.

Citi withdraws consumer franchises from 13 markets as it refocusses its effort on institutional clients and the wealth business. NAB acquires the bank's Australian division and 800 staff members.