Mergers and Acquisitions Buyins and Buyouts

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  • DUBAI, Feb 4- An investment firm led by one of Dubai's top businessmen, Mohamed Alabbar has agreed to buy a controlling stake worth $1.7 billion in Kuwait Food Co, from Kuwait's al-Kharafi family. Americana, which owns the Middle East franchises for popular fast food chains KFC and Pizza Hut as well as producing a range of branded consumer foods for markets...

  • Coke takes minority stake in Nigerian drink, snack maker Saturday, 30 Jan 2016 | 12:16 PM ET

    The world's biggest beverage maker says the agreement will allow it to increase its ownership of Chi Ltd to 100 percent within three years, pending regulatory approvals. Coke and Chi's parent company, Tropical General Investments Group, have also agreed to explore other opportunities in the region. The deal is part of Coca-Cola Co.' s plans to boost investment...

  • Jan 25- David Einhorn's hedge fund Greenlight Capital said it has been in talks with SunEdison Inc for a board seat and seeks to make some changes at the company, including sales of assets or even the company. The hedge fund also said it had a 4 percent stake in SunEdison as of Jan. 15, according to a regulatory filing. The Wall Street Journal reported on Sunday that...

  • AMSTERDAM, Jan 22- Philips's plan to shed its lighting businesses suffered a setback on Friday when a $3.3 billion deal to offload the components division to Asian buyers was blocked by the United States on security grounds. The agreement to sell an 80 percent stake in the Lumileds division based in California ran into opposition from the Committee on Foreign...

  • AMSTERDAM, Jan 22- Philips suffered a major setback in plans to dispose of its two big lighting divisions on Friday as a $3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over U.S. national security objections. The agreement to sell an 80 percent stake in Lumileds ran into opposition from the Committee on Foreign...

  • SYDNEY, Jan 22- Australian markets operator ASX Ltd on Friday said it has bought a minority stake in a U.S. blockchain developer, positioning itself to become the first stock exchange in the world to use distributed ledger technology for public companies. The A $14.9 million investment in Digital Asset Holdings would help to cut costs, speed up transactions and...

  • Spanish-language broadcaster, has bought a 40 percent stake in Onion Inc, the company that owns the site as well as film review website The A.V. Club and satire site ClickHole. "The communications company has acquired a good chunk of Onion Inc as of, and may acquire the remainder down the line," Onion Chief Executive Mike McAvoy said in a memo to employees.

  • BRASILIA, Jan 13- Brazil's state-controlled oil producer Petrobras is seeking to sell its 5.8 billion Brazilian real stake in petrochemical producer Braskem SA, newspaper Folha de S. Paulo reported on Wednesday. Petróleo Brasileiro SA has hired Brazilian bank Banco Bradesco SA as a financial adviser and has started to pitch the sale to foreign investors,...

  • LONDON/ SAO PAULO, Jan 11- Grupo BTG Pactual SA is in talks to sell its majority stake in Brazilian insurer Pan Seguros, with Axa and MetLife among firms bidding, three sources familiar with the matter said. Other firms bidding for the Pan Seguros stake include Zurich and Assicurazioni Generali, as well as U.S.-based Liberty Mutual and some major Japanese insurers,...

  • SANTIAGO, Jan 11- Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday. Consortiums controlled by Colbun and Canada's Brookfield Asset Management were expected to bid for the 57.6 percent stake in Isagen on Wednesday. Colombia will go ahead with the sale of the power...

  • EXCLUSIVE- DALIAN WANDA GROUP AGREES TO ACQUIRE MAJORITY STAKE IN LEGENDARY ENTERTAINMENT- SOURCE.

  • KUALA LUMPUR, Dec 31- Malaysia's 1 MDB will sell its controlling stake in a high-profile property project to a Malaysian-Chinese group for $1.7 billion, wrapping up major asset sales for a state fund whose troubles have roiled domestic politics. 1 MDB will sell its 60 percent stake in Bandar Malaysia- a major development project in Kuala Lumpur that will include...

  • trade@ SAO PAULO, Dec 29- Latin American currencies strengthened on Tuesday as oil prices steadied near 11- year lows, curbing a recent bout of risk aversion. The Colombian peso outperformed, rising 0.7 percent as investors braced for capital inflows stemming from the sale of a controlling stake in state electricity generator Isagen. The Brazilian real...

  • Dec 24- Global mining giant Anglo American Plc said it would sell its majority interest in Dartbrook coal mine to Australian Pacific Coal Ltd in a deal worth up to A $50 million. Anglo American, which owns an 83.3 percent stake in Dartbrook mine in New South Wales, Australia, said the deal would comprise of A $25 million in cash, with the rest being received in the form...

  • MEXICO CITY, Dec 23- Mexico's ICA has sold its stake in an environmental waste firm for around 1.2 billion pesos, two people close to the negotiations said, as the embattled construction company scrambles for cash after declaring it would default. ICA jointly owned Proactiva with French water and waste group Veolia. Veolia, Proactiva and Caisse declined to...

  • ATHENS/ TORONTO, Dec 22- Greece's third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd for 316 million euros on Tuesday, deepening ties between the two firms. Toronto- based investment holding firm Fairfax, led by well known contrarian investor Prem Watsa has made...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft, a ConocoPhillips spokesman said. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion. ConocoPhillips was left with the Polar Lights...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.

  • BOGOTA, Dec 21- Colombia increased the minimum price it would sell its controlling stake in state electricity generator Isagen, the finance ministry said in a statement on Monday. The government raised the price by 21.5 percent to 4,130 pesos a share, or a total of 6.48 trillion pesos, for its 57.61 percent share of the company. Colombia's top judicial authority in...

  • Dec 21- Shari Redstone refused an offer from her media mogul father Sumner to sell her 20 percent stake in the holding company that controls Viacom Inc and CBS Corp for $1 billion, the Wall Street Journal reported. Earlier this month, Viacom Chief Executive Philippe Dauman addressed these concerns, saying he speaks with Sumner several times a week and that the...