Brimstone Investment is selling nearly a third of its shareholding in Oceana Group, the South African fishing and food-processing company. The investment firm will offload around 11.95 million Oceana shares to a consortium represented by Marine Edge Capital. The shares, representing 9.2% of Oceana’s stake, will be sold at R53 apiece, for a total consideration of around R633.4m ($37.4m). Following the deal, Brimstone’s stake in Oceana will fall from 25.2% to 16%. Marine Edge Capital is a 51% B-BBEE-owne ...

Core Insights - Dutch investment firm Prosus NV plans to invest $150-180 million to acquire the largest portion of Swiggy's 12% stake in Rapido, which is expected to be valued at $2.5-2.7 billion for the stake sale [1][8] - Swiggy's 12% stake in Rapido, acquired for $180 million in April 2022, is now likely valued at over $320 million or ₹2,825 crore [1][2] - Existing investors Nexus Venture Partners and WestBridge Capital are also looking to increase their holdings in Rapido, indicating strong interest in the company [1][4] Company Valuation and Stake Sale - Rapido was previously valued at $1.1 billion during its Series E fundraising round in September 2022, which raised $200 million [2] - Swiggy's decision to re-evaluate its investment in Rapido comes as the mobility startup has entered the food-delivery segment, creating potential conflicts with Swiggy's core business [2][5] - Avendus Capital has been appointed by Swiggy to assist with the stake sale process [4] Investor Dynamics - As of June, Prosus owned approximately 2.7% of Rapido, while Nexus and WestBridge held 9.9% and 19% respectively [3] - Other investors like TVS Motor Co. Ltd, Yamaha Motor Co. Ltd, and Shell International BV are also looking to increase their stakes in Rapido [4][8] - The existing investors may receive a discount on valuation for increasing their stakes through the purchase [4] Market Position and Competition - Rapido has raised over $500 million since its inception in 2015 and is gaining recognition as a significant competitor in India's ride-hailing and food-tech markets [5][8] - The company has launched its Ownly food-delivery service, which charges restaurants in Bengaluru about half the commission of larger rivals like Swiggy and Zomato [7] - India's food-delivery market remains a duopoly, with Zomato holding a 54% market share and Swiggy 46% [9] Financial Performance - Swiggy reported a net loss of ₹1,197 crore for the June quarter, doubling year-on-year, while its revenue increased to ₹4,961 crore from ₹3,222 crore a year earlier [10]

Core Insights - Fairfax India has divested its majority stake in Saurashtra Freight to Japan's Kamigumi Co. Ltd for Rs. 662 crore, marking a significant transaction in the logistics sector [1] - The stake was originally acquired by Fairfax India in 2017 for Rs. 200 crore, indicating a substantial appreciation in value over the holding period [1] - Saurashtra Freight operates a container freight station at Mundra Port, a strategic location for logistics operations in India [1] - Kamigumi's acquisition aligns with its strategy to expand its logistics business in the Indian market [1]

Core Insights - Starbucks has finalized Carlyle Group, EQT, HongShan Capital Group, Boyu Capital, and Primavera Capital as bidders for its China stake sale, with final offers expected soon [1][2][3] - The company aims to complete the agreement by the end of October 2025, with the China business valued at approximately $5 billion [2][3] - Starbucks plans to retain control of its coffee bean roasting facility in China for quality control, despite divesting control of its operations [2][3] Financial Performance - Starbucks reported strong sales growth in international markets and a third consecutive quarter of revenue growth in China [3] - Comparable-store sales in China increased by 2% in the quarter ending June 29, 2025, recovering from zero growth in the previous quarter [4] Competitive Landscape - The stake sale is a response to declining market share in China, where local brands are increasing competition [3] - To combat competitive pressures, Starbucks has implemented strategies such as lowering prices on select non-coffee beverages and accelerating the introduction of locally tailored products [4]

Project Development - Russia's state-owned nuclear power company is negotiating to sell a 49% stake in a $25 billion power plant project in Turkey [1]