×

Mergers and Acquisitions Acquisitions

  • AMSTERDAM, March 24- A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival. Akzo Nobel shares were down 0.1 percent at 77.84 euros on Friday afternoon, well below the 89.6 euros implied by PPG's...

  • JOHANNESBURG, March 24- South Africa's Capitec Bank has purchased a 40 percent stake in Latvia's Creamfinance for 21 million euros, the lender said on Friday, its first acquisition outside its home market. Capitec has grown from a startup to a bank of nearly 8 million clients within 15 years in a banking sector long dominated by Barclays Africa Group, Standard...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • SINGAPORE/ SEOUL, March 24- A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd's aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia's fully-owned unit, Asia Aviation Capital, at roughly $900 million. A successful deal would mark South Korea's biggest...

  • PARIS, March 23- Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation. "More fully integrating the De Beers Diamond Jewellers brand and store network will enable us to deliver an even more...

  • CNBC's Gemma Acton updates on the shareholder reaction to PPG's takeover bid for Dutch paint maker AkzoNobel.

  • discontent among shareholders on AkzoNobel

    CNBC's Gemma Acton updates on discontent among shareholders in AkzoNobel over a potential takeover from PPG.

  • NEW YORK, March 22- Trucking company Daseke Inc plans to double its pretax earnings over the next three years as it seeks aggressive growth through acquisitions to consolidate a fragmented area of the industry, the companys president, chief executive and founder said on Wednesday. The companys trucking fleet includes more than 3,000 tractors and 6,000 open...

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measures beyond those the exchange and clearinghouse firms proposed themselves. The spike in shares was "mainly due to the approval of the deal with remedies that were not...

  • CALGARY, Alberta, March 22- Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America. The takeover announced last year, the most significant energy deal since oil and natural...

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measure beyond those the exchange and clearinghouse proposed for themselves. Trading transactions in Brazil are settled through a central counterparty clearinghouse, a...

  • BEIJING, March 22- China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the assets include a 100,000 barrel-per-day...

  • NEW YORK, March 21- China's HNA Group has agreed to purchase a marquee Manhattan office building for $2.21 billion in a deal that showcases the role of Chinese capital in New York's heady commercial real estate market. The acquisition from majority owner Brookfield Property Partners LP and New York State Teachers' Retirement System, which has a 49- percent...

  • BEIJING, March 22- China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent. China Petroleum and Chemical Corp, or Sinopec, Asia's largest oil refiner, said the assets include a 100,000 barrel-per-day oil...

  • Distressed debt, event driven hedge funds see highest returns in 2017

    CNBC's Gemma Acton discusses key trends in hedge fund management, including the picking of individual stocks.

  • NEW YORK, March 21- China's HNA Holding Group Co Ltd has agreed to purchase a marquee Manhattan office building for $2.21 billion in a deal that showcases the role of Chinese capital in New York's heady commercial real estate market. The acquisition from majority owner Brookfield Property Partners LP and New York State Teachers' Retirement System, which has a...

  • SEOUL, March 21- Market rumours that U.S. activist hedge fund Elliott Management Corp has acquired a stake in South Korea's Hyundai Motor Co are not true, a person familiar with the matter told Reuters on Tuesday.

  • Tremendous growth for Delivery Hero

    Niklas Östberg, co-founder and CEO of Delivery Hero, speaks about his "highly scalable business" which he is certain will reach profitability.

  • PARIS, March 20- French luxury goods company LVMH has agreed to buy a majority stake in French independent perfume house Maison Francis Kurkdjian as it expands in fast-growing niche luxury fragrances. LVMH did not disclose financial terms of the deal with Maison Francis Kurkdjian, which was founded in 2009 by perfumer Francis Kurkdjian and its Chief...

  • PARIS, March 20- French luxury group LVMH has agreed to buy a majority stake in French independent perfume house Maison Francis Kurkdjian as it expands in fast-growing niche luxury fragrances. LVMH did not disclose financial terms of the deal with Maison Francis Kurkdjian, which was created in 2009 by perfumer Francis Kurkdjian and its chief executive...