MUMBAI/BENGALURU (Reuters) -Global investment firm KKR will buy Indian medical devices maker Healthium Medtech from UK-based Apax Partners in a deal that three sources with direct knowledge of the matter say is valued at 70 billion rupees ($838.60 million).
Healthium and Apax did not immediately respond to Reuters' requests seeking comment, while KKR declined to comment.
KKR will acquire Healthium through a special purpose vehicle - owned by... (continue reading...)
HONG KONG (Reuters) - China's National Health Commission said it was investigating a hospital in the southwest megacity of Chongqing for its alleged involvement in surrogacy, which is illegal in China, after wide circulation of the issue on social media.
The incident comes after a series of official investigations last year related to the issuance of fake birth certificates at a time when China is trying to boost its birth rate.
... (continue reading...)KYIV (Reuters) - Russia's overnight drone attack cut power to over 400,000 consumers in Ukraine's northeast region of Sumy on Monday, Ukraine's energy ministry said in a statement via the Telegram messaging app.
Work to restore power continued into the morning as 91 settlements remained without power in the region, the energy ministry and local authorities said on Telegram. Ukraine downed 12 out of 13 drones used by Russia in the attack.
... (continue reading...)(Reuters) - European shares climbed on Monday, with investor optimism over interest rate cuts globally back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit.
The pan-European STOXX 600 was up 0.2%, as of 0720 GMT, with energy leading sectoral gains as oil prices rose after Saudi Arabia hiked June crude prices for most regions and as prospects of a Gaza ceasefire deal appeared slim.
... (continue reading...)MOSCOW (Reuters) - Russia on Monday said it would hold a military exercise that will include practice for the use of tactical nuclear weapons after what the defence ministry said were provocative threats from Western officials.
The defence ministry said the exercise was ordered by President Vladimir Putin and would test the readiness of non-strategic nuclear forces to perform combat missions.
The military drills will include practice for... (continue reading...)
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