stake sale

Gazprom Neft in talks on NIS stake sale with MOL only

According to the company, the required corporate and regulatory procedures are being implemented now

Thyssenkrupp and Jindal Steel Pause Stake Sale Talks

Thyssenkrupp AG and Jindal Steel International have paused discussions on a potential stake sale in the German company's steel unit. Thyssenkrupp stated that the original assumptions for the deal have significantly changed in recent months, citing significant progress in realigning its steel segment and a fundamentally more favorable regulatory environment in Europe that offers stabilization and growth potential despite high energy costs.

Centre Revives IDBI Bank Stake Sale After Rejected Bids

The Indian government is reviving the strategic sale of its 45.5% stake in IDBI Bank along with LIC's 49.2% holding, a month after two bids were rejected for being below reserve price. A fresh valuation exercise is underway given the bank's small free float making price discovery difficult. The Centre aims to expedite the process to maintain global investor trust and meet its Rs 80,000 crore disinvestment target, while addressing bidder concerns about pension burden and continued government stake.

Govt reviews divestment plans, IDBI Bank stake sale