China outbound M&A activities came to a freeze in the second quarter, dragging outbound dealmaking to USD 20.4bn (114 deals) in 1H19, recording the lowest value since 2011 amid uncertainty from the escalating trade war. Even Europe, the all-time most popular destination, saw less Chinese interest with a 64% decrease in deal value in 1H19.
India's Bharti Airtel has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday.
Days after Skift broke the news story that Amazon had launched domestic flights in India, Amazon India confirmed the launch and touted how customers can now book flights, make utility payments, transfer money, and shop for other products “all in one single app.”
Mumbai-based nutraceuticals firm Synergia Life Sciences' private equity owner InvAscent is seeking an exit via trade or secondary sale with Rothschild working on the sell side, said four sources familiar with the matter.