Mergers and Acquisitions Buyins and Buyouts

  • MOSCOW, Jan 17- The chief executive of Russian diamond miner Alrosa, Andrey Zharkov, said on Tuesday it was not expedient to sell another 10 percent stake in the company in 2017, RIA news agency reported. The Russian government sold a 10.9 percent stake in Alrosa last year as part of a privatisation programme to plug holes in the budget. The state plans to cut its...

  • Jan 12- McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. McDonald's- which last week agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP- said in...

  • *China Resources to sell entire stake to Shenzhen Metro. *Vanke ended deal with white knight Shenzhen Metro last month. Vanke will transfer 1.69 billion A-shares listed in Shenzhen, equivalent to a 15.31 percent stake, at 22.0 yuan a share, with the transaction totalling 37.2 billion yuan, the country's second-largest developer said.

  • Jan 12- McDonald's Corp is inviting bids for a significant stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. The fast-food company owns just under 50 percent of its Japanese unit, and is looking to sell up to 33 percent, with bids due next week, the report said....

  • PARIS, Jan 11- The French government's talks with Chinese investors about taking a minority stake in nuclear fuel group Areva NewCo, which is being split off from Areva, are focusing on governance, French Industry Minister Christophe Sirugue told Reuters on Wednesday. Talks are continuing with China's National Nuclear Corporation about also taking a...

  • PARIS, Jan 11- The French government's talks with Chinese investors about taking a minority stake in nuclear fuel group Areva NewCo, which is being split off from Areva, are focusing on governance, French Industry Minister Christophe Sirugue told Reuters on Wednesday. Talks are continuing with China's National Nuclear Corporation about also taking a...

  • HONG KONG— Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. Under the terms of the deal, Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while...

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...

  • LONDON, Jan 6- Britain's biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models. In October, Jaguar Land Rover, parent company Tata Motors and U.S. carmaker Ford tested connected cars using technology designed...

  • PRAGUE— Czech airline Travel Service says it has signed a deal to buy five more new Boeing 737 MAX jets. Spokeswoman Vladimira Dufkova said Wednesday the contract was signed on Dec. 23 and brings to 30 the total number of such Boeing aircraft that Travel Service has recently agreed to buy. The CEFC China Energy Company has a minority stake in the airline.

  • SAO PAULO, Dec 28- Brazil's state-run oil company, Petroleo Brasileiro SA, on Wednesday announced the sale of ethanol and petrochemicals assets for $587 million, but said it would still fall $1.5 billion short of its divestment target for the 2015-2016 period. Among the assets sold were its 46 percent stake in ethanol producer Guarani SA, which was acquired for...

  • MOSCOW, Dec 23- Russian mobile operator Megafon has agreed to pay $740 million to buy a controlling stake in internet group Mail.ru from billionaire Alisher Usmanov, who is an investor in both companies. Megafon is Russia's second biggest mobile company. Mail.ru, which owns the three largest Russian-language social networks and an online games business, also...

  • NEW YORK, Dec 21- Private equity firm Berkshire Partners LLC said on Wednesday it would acquire a significant minority stake in Kendra Scott Design Inc, in a deal that sources said values the Austin, Texas- based jewelry company at more than $1 billion. Scott's jewelry, much of which is priced under $100, has been worn by celebrities such as Sofia Vergara and Mindy...

  • NEW YORK/ LONDON, Dec 20- China's Bright Food Group has hired Goldman Sachs to sell the breakfast cereals producer Weetabix in a deal that could value the famous British brand at roughly 1 billion pounds, according to three sources familiar with the matter. State-owned Bright Food agreed to buy a 60 percent stake in Weetabix in 2012 from private equity firm Lion...

  • MINSK, Dec 20- A number of investors have shown an interest in buying a minority stake in Belarusbank, including from Hungary, Belarussian Prime Minister Andrei Kobyakov told Reuters in an interview. "We are interested in a strong strategic investor from among Western banks to join the Belarus banking system," Kobyakov said. Kobyakov also said that Belarus...

  • HONG KONG, Dec 16- First Capital Securities Co Ltd plans to acquire JPMorgan Chase& Co's minority stake in a Chinese joint venture, in what would be the first departure by a prominent global investment bank from China's securities sector. The Shenzhen- listed securities group said in an exchange filing on Friday that it would buy the 33.3 percent stake in joint...

  • LONDON, Dec 16- Beam Suntory, the world's third-largest spirits company known for Jim Beam and Maker's Mark bourbons, is to buy a controlling stake in London gin distiller Sipsmith, aiming to cash in on rising demand for craft spirits and gin. The amount of gin drunk in UK bars rose 14 percent by volume and 19 percent by value in the year to Oct. 1, according to the wine and...

  • SAO PAULO, Dec 15- Brazil's oil company Petróleo Brasileiro SA has agreed to sell its 49 percent stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras said in the filing that it will attribute a $133 million value to the deal. The sale is one of the five...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in a new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Under a French government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into NewCo, which...