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Billionaire Agarwal continues deal spree with Vedanta buyout

Bloomberg Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he’s seeking to transform into one of the world’s largest. Agarwal’s Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn’t already own and plans to cancel ...

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Nissan abandons $1 billion battery business sale to China’s GSR Capital

Bloomberg Nissan Motor Co. abandoned a $1 billion deal to sell its electric-battery business because the prospective buyer failed to raise the money required. The Japanese automaker cancelled the sale to GSR Capital, saying in a statement on Monday the Chinese private-equity firm didn’t have sufficient funds. Nissan and GSR were due to close the transaction by June 29. The ...

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China firm asks staff to speed up cash inflow

Bloomberg China’s top high-end developer Greentown China Holdings asked its staff to accelerate cash inflows “on all fronts” and speed up sales, according to memos seen by Bloomberg, amid escalating regulatory scrutiny of the sector. The Hangzhou-based builder urged faster sales, redoubled efforts to collect accounts receivable and called for strict control over payments, according to the memos. Moves to ...

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