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Mergers and Acquisitions Buyins and Buyouts

  • TORONTO/ NEW YORK, May 23- Royal Dutch Shell Plc has decided to offload a roughly C $4.1 billion stake in Canadian Natural Resources Ltd that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, people familiar with the situation told Reuters. As part of the transaction, Shell acquired about 98 million Canadian Natural shares, or about...

  • JERUSALEM, May 23- Israeli billionaire Teddy Sagi has agreed to buy a controlling stake in Brack Capital Properties, a property owner and developer in Germany, for about 1 billion shekels, the company said on Tuesday. BCP, which is listed on the Tel Aviv Stock Exchange, said in a statement that Sagi agreed to buy a controlling 44 percent stake, or about 2.9 million...

  • *Move triggered by concerns over finances, business outlook. HONG KONG/ SINGAPORE, May 22- China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters. It comes at a time when it is set to negotiate...

  • HONG KONG/ SINGAPORE, May 22- China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters. When it held talks with Noble earlier this year to buy a stake, Sinochem's thinking, sources have told...

  • BRUSSELS, May 19- French utility EDF is set to gain unconditional approval from the EU competition authorities for its plan to acquire a controlling stake in ailing nuclear power engineering group Areva's reactor business, a person familiar with the matter said on Friday. The deal is crucial for France, which has Europe's largest network of nuclear plants, and...

  • May 17- An affiliate of private equity firm Warburg Pincus sold a 25 percent stake in Indian non-bank lender Capital First Ltd for 17.67 billion rupees in stock market transactions on Wednesday. The Warburg affiliate, Cloverdell Investment Ltd, sold 24.3 million shares at an average price of 727.35 rupees apiece, according to BSE stock exchange data.

  • LONDON, May 16- The British government is due to announce the sale of its remaining stake in Lloyds Banking Group on Wednesday, the first lender to fully repay its state bailout in a landmark moment for the recovery of Britain's banking sector. Britain spent more than 20 billion pounds rescuing Lloyds during the global financial crisis of 2007-9, leaving the...

  • LONDON, May 16- Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management, it said on Tuesday, cutting its minority stake in the firm by a further 15 percent. Old Mutual is selling 17.3 million shares in OMAM in a secondary offering at $14.55 per share, it said in a statement.

  • ZURICH, May 15- Singapore sovereign wealth fund GIC Private Limited, that helped to support UBS as the financial crisis hit, plans to sell a stake of up to 2.4 percent in the Swiss bank. GIC, owned by the government of Singapore, was one of the first sovereign funds to pump billions into Western banks, which were rocked by the 2008-2009 financial crisis and suffered...

  • May 15- Yum China Holdings Inc said it would buy a controlling stake in food delivery services firm Daojia to expand delivery services for its KFC and Pizza Hut chains in the country. Daojia, which also operates food delivery service Sherpa's, focuses on higher-end orders in large cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen.

  • PARIS, May 11- Engie said it had received a binding offer from Neptune Energy for its 70 percent stake in its oil and gas exploration unit based on a value of 4.7 billion euros for 100 percent of the unit. Engie said the offer for its Exploration& Production International arm included 1.1 billion euros in decommissioning liabilities that will be deconsolidated...

  • PARIS, May 11- Engie is in advanced talks with Neptune Oil& Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation told Reuters on Thursday. The report added that Engie plans to announce it will start exclusive talks with Neptune for the sale of its 70 percent stake in Engie E&P for about 3.3...

  • *Chinese investment in Israel jumps more than tenfold in 2016. HONG KONG/ TEL AVIV, May 11- Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Last year, Chinese investment into Israel jumped more than tenfold to a record...

  • SAO PAULO, May 10- Brokerage firm XP Investimentos SA, which is discussing a minority stake sale to Brazil's largest bank, is filing for an initial public offering that could be the first listing of an independent broker in Latin America's largest economy. Founder and Chief Executive Officer Guilherme Benchimol, 238 XP partners and U.S. buyout firm General...

  • PARIS, May 10- AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in the first half of 2018 in order to free up capital. The move could allay some investors' concerns about whether it is necessary for AXA to retain two separate asset managers- AXA IM which is...

  • PARIS, May 10- France's AXA plans to float a minority stake in its life insurance and asset management operations in the United States in the first half of 2018, in order to strengthen its financial position. Gross revenue in life insurance coming from the United States accounted for nearly a quarter of overall results for the activity in 2016, according to...

  • May 4- TransCanada Corp said on Thursday it would sell its remaining 49.3 percent interest in Iroquois Gas Transmission System LP and an 11.8 percent stake in Portland Natural Gas Transmission System for $765 million. The deal value comprises $597 million in cash and the assumption of $168 million in proportionate debt at Iroquois and PNGTS, Transcanada said.

  • PARIS, May 4- Belgium has sold a quarter of the stake it holds in France's biggest listed bank BNP Paribas for around 2 billion euros, a bookrunner for the deal said. The country, which acquired the stake in 2008 as a result of a bailout of Belgian financial group Fortis, said the deal would result in Belgium trimming back its stake in BNP Paribas to 7.8 percent from 10.3...

  • May 2- A consortium that includes German insurer Allianz and HICL Infrastructure is to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions. Last month, a consortium of Canadian and Kuwaiti investors agreed to buy a minority stake in Thames Water, Britain's largest water firm, from funds managed by...

  • May 2- A three-member consortium that includes German insurer Allianz has agreed to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions, the group said on Tuesday. The consortium, which also includes London- listed HICL and fund manager DIF, will acquire a 90 percent stake from Morgan Stanley's...