Bloomberg The world’s wealthiest family moved $48 billion of Walmart Inc stock to a different holding company in an action that may signal future share sales and bolster their philanthropy. Walton Enterprises LLC, the main investment entity of the retailer’s founding clan, transferred about 15% of Walmart’s outstanding shares to the Walton Family Holdings Trust, according to regulatory filings. The …

Bloomberg Henkel AG, the German shampoo maker, and buyout firm KKR & Co are among a small group of suitors proceeding to the second round of bidding for Coty Inc’s professional hair and nail products business, people familiar with the matter said. Advent International and a separate consortium of Cinven weren’t chosen to advance to the next round after they …

VIENNA / WAM The Opec Fund for International Development (Ofid), and the Arab Bank for Economic Development in Africa (Badea), signed a new agreement to strengthen cooperation in common partner countries. During past four decades, the Opec Fund and Badea have collaborated on 240 development operations in sub-Saharan Africa. The two institutions have between them contributed equally to development financing …