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Siam Makro surges on $7b deal to control Lotus stores

Bloomberg Siam Makro Pcl surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion baht ($7 billion) to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group. The share-price gain was the biggest since August 2013, with the deal leading to Siam Makro taking a 76% stake ...

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Airbus secures $4.9b order from Boeing customer Jet2

Bloomberg Airbus SE secured an order for 36 single-aisle planes from UK leisure carrier Jet2 Plc, picking off a Boeing Co customer with steep discounts as it seeks to regain sales momentum. The A321neo jets, scheduled for delivery over five years through 2028, are valued at $4.9 billion before “significant discounts,” Jet2 said in a statement. The number of planes ...

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India to offer indemnity to flag carrier bidder over Cairn claim

Bloomberg India is set to absolve bidders for its loss-making flag carrier from any liability arising out of a lawsuit filed by Cairn Energy Plc, which has claimed the state-run airline’s assets over a long-running tax dispute with the government, according to people familiar with the matter. Prime Minister Narendra Modi’s administration will offer so-called indemnity to the financial bidders ...

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