Leadership Business Events

  • Chengdu Techcent Environment agreed last week to acquire assets in Germany's ALBA worth more than 300 million euros. China's Shanghai Electric Group bought German aviation equipment manufacturer BAW for HK $1.7 billion in August. China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore...

  • Oct 10- Duke Energy Corp said it agreed to sell its Brazilian unit to clean energy company China Three Gorges Corp for about $1.2 billion, including debt, as it focuses on regulated power markets in the United States. It has eight hydroelectric plants, with 2,057 megawatts of capacity located on the border between the states of Sao Paulo and Parana.

  • Oct 10- Duke Energy Corp said it agreed to sell its Brazilian unit to clean energy company China Three Gorges Corp for about $1.2 billion, including debt, as it focuses on regulated power markets in the United States.

  • SHANGHAI, Oct 10- Dongbei Special Steel Group Co Ltd has formally entered into a bankruptcy restructuring process following a court filing by one of its creditors, official news agency Xinhua reported on Monday. Dongbei, owned by the Liaoning provincial government in the country's "rustbelt" northeast, has been at the heart of troubles in China's debt market...

  • TORONTO/ CALGARY, Oct 7- Suncor Energy Inc is weighing the sale of its Petro-Canada retail gasoline station business in order to monetize the asset, according to two sources familiar with the situation. Suncor, Canada's biggest energy company, may be able to draw a similar valuation, the sources said, which would peg the Petro-Canada retail gas stations at close to...

  • TORONTO/ CALGARY, Oct 7- Suncor Energy Inc is weighing the sale of its Petro-Canada retail gasoline station business in order to monetize the asset, according to two sources familiar with the situation. Suncor, Canada's biggest energy company, may be able to draw a similar valuation, the sources said, which would peg the Petro-Canada retail gas stations at close to...

  • SMITHFIELD FOODS TO CLOSE TAR HEEL, N.C. HOG PACKING PLANT ON SATURDAY IN ADVANCE OF HURRICANE MATTHEW- INDUSTRY SOURCES.

  • PARIS, Oct 7- Total has agreed to sell its speciality chemicals business Atotech to private equity firm Carlyle Group for $3.2 billion, part of a $10 billion asset sale program the French oil firm hopes to complete by the end of 2017.. Total said the sale price was equivalent to 11.9 times 2015 earnings before interest, tax, depreciation and amortization for the...

  • PARIS, Oct 7- Total has agreed to sell its speciality chemicals arm Atotech for $3.2 billion to private equity firm Carlyle Group, part of a program under which the French oil company hopes to divest $10 billion worth of non-core assets by 2017..

  • Oct 6- Pfizer Inc said on Thursday it would sell its global infusion therapy business to ICU Medical Inc for $1 billion in cash and stock that will give it a major stake in the smaller company. Pfizer had acquired the hospital infusion system business, which has annual sales of about $1.2 billion, through its $15 billion purchase in September 2015 of Hospira, which...

  • DUBAI, Oct 6- Creditors of Kuwait's debt-laden Investment Dar, whose assets include property and finance, are close to forming a team to negotiate a deal on the company's latest plan to restructure 813 million dinars in debt. Investment Dar, whose assets include a stake in the owner of Dubai's "The World" islands project, has made several efforts to restructure its...

  • Oct 6- Pfizer Inc said on Thursday it would sell its global infusion therapy business, part of its $15 billion Hospira acquisition last year, to ICU Medical Inc for $1 billion in cash and stock. Pfizer had acquired the hospital infusion systems, which have annual sales of about $1.2 billion, through its purchase in September 2015 of Hospira, which sells generic...

  • Oct 6- H&R Real Estate Investment Trust said it agreed to sell 50 percent of its non-managing interest in TransCanada Tower in Calgary, Alberta to a unit of Healthcare of Ontario Pension Plan for about C $257.4 million. H&R REIT said it would use proceeds from the sale to HOOPP Realty Inc to reduce debt. The company said on Thursday it expects to complete the sale of...

  • Oct 6- Pfizer Inc said it would sell its global infusion therapy business, a part of its $15 billion Hospira acquisition last year, to ICU Medical Inc for $1 billion in cash and stock. Pfizer will receive $600 million in cash and nearly $400 million in newly issued shares of ICU Medical, giving the drugmaker a stake of about 16.6 percent in the company.

  • Oct 5- U.S. natural gas producer Chesapeake Energy Corp closed a private placement of $1.25 billion of debt on Wednesday, shoring up capital for debt repayment 10 months after it said it had no plans to file for bankruptcy. "These transactions represent major steps toward reaching our financial goals of $2- 3 billion of debt reduction and growing production...

  • Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt subsidiary, Caesars Entertainment Operating Co Inc. "The risk that the Trilogy action will derail the reorganization is too great," Judge Benjamin Goldgar said in U.S. Bankruptcy Court in Chicago on Wednesday.

  • Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the debt of its bankrupt subsidiary, Caesars Entertainment Operating Co Inc. "The risk that the Trilogy action will derail the reorganization is too great," Judge Benjamin Goldgar said in U.S. Bankruptcy Court in Chicago on Wednesday.

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...