Business
Mergers and acquisitions
Mergers and acquisitions
About this update from Ayala Corp.
The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:** Gemfields Group , said it had sold Fabergé Ltd, the maker of the jewelled Fabergé eggs, to SMG Capital for $50 million, as the coloured gemstones miner ramps up efforts to streamline its business.** U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data , according to statements from both companies.** Money transfer company Western Union said on Sunday it will acquire Intermex , a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash.** Singapore's Keppel is selling its 83.9% stake in subsidiary M1 Ltd to Simba Telecom while retaining the non-telecoms operations of its unit in a deal that will give the asset manager net cash of S$1 billion ($778.15 million).** AC Health, the healthcare arm of the Philippines' oldest conglomerate Ayala Corp , said that a private equity firm backed by Singapore's state-investor Temasek will acquire a 16% minority stake in the company.