DSV said it would buy Deutsche Bahn’s logistics arm, Schenker, in a deal that values the business at nearly $16 billion, winning a monthslong sales process that saw sovereign wealth funds, private equity firms and shipping giant Maersk all weighing bids.
MBK Partners, a Seoul-based private-equity firm, launched a $1.5 billion tender offer to secure a controlling stake in nonferrous-metal producer Korea Zinc, sending the smelter’s stock to a record high
Mitsubishi Corp. is in talks to buy a stake in Exxon Mobil’s project in Baytown, Texas, which aims to be the world’s largest low-carbon ammonia facility.
