Latest deals and developments
Mirae Asset snaps up $10bn ETF provider Global X. Mirae Asset Global Investments has snapped up Global X, a $10bn exchange-traded fund provider that is partly owned by JPMorgan
Sale of $5bn lithium stake to test electric car hype— Canadian fertiliser company PotashCorp plans to sell a 32% stake (now valued at $4.7bn) in Chile’s SQM, a key supplier of the metal
VTB buys 29.1% stake in Russian retailer Magnit for Rbs138bn— Russian state bank VTB has bought 29.1% of leading supermarket chain Magnit from founder Sergei Galitsky for Rbs138bn ($2.45bn)
Roche pays $1.9bn for Alphabet-backed Flatiron Health— Pharmaceutical giant Roche has agreed to buy Flatiron Health, a start-up focused on using technology to improve cancer treatment, whose previous investors have included the venture capital arm of Google parent company Alphabet
Soft Bank seeks place on Swiss Re’s board – As talks over the acquisition of a minority stake in Swiss Re progress, the Japanese tech and financial conglomerate Soft Bank seeks to influence how the insurance company manages its $161 billion worth of global assets.