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Mergers and Acquisitions Buyins and Buyouts

  • TOKYO/ TAIPEI, Feb 24- Japan's Softbank Group and Taiwan's Foxconn will soon begin operating a joint venture that deepens ties between two of Asia's biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision Industry Co, a 54.5 percent stake in one of Softbank's existing subsidiaries for $600 million and...

  • BERLIN, Feb 22- Swedish investment company Kinnevik said on Wednesday it is selling at least half of its 13 percent stake in German e-commerce investor Rocket Internet. Kinnevik said in a statement it planned to sell 10.9 million shares via a placing but it reserved the right to increase that amount. However, some investors have become concerned over heavy...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted as a key overseas asset because...

  • *Toshiba want to complete sale by end of March 2018- source. TOKYO, Feb 21- Toshiba Corp wants to raise at least 1 trillion yen from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, a source with direct knowledge of the matter said. After flagging a $6.3 billion writedown on its U.S. nuclear unit earlier this...

  • DUBAI, United Arab Emirates— The United Arab Emirates' main state oil company has agreed to give CEFC China Energy a 4 percent stake in a major onshore oil project a day after awarding a minority stake to another Chinese company. The Abu Dhabi National Oil Company said Monday that CEFC is paying an entry fee of $888 million for the concession operated by the Abu...

  • BEIJING, Feb 20- China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales. It has also spent $4.6 billion on a minority stake in appliances retailer Suning Commerce Group Co Ltd, is...

  • EXCLUSIVE-SOFTBANK PREPARED TO GIVE UP CONTROL OF SPRINT TO T-MOBILE, AND RETAIN MINORITY STAKE IN MERGED COMPANY- SOURCES.

  • CALGARY, Alberta, Feb 17- Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C $1.7 billion investment in a North Sea windfarm. Closer to home, Calgary- based Enbridge said a deal to buy Spectra Energy Corp is on track to close this quarter after it obtained U.S. antitrust approval for the...

  • TOKYO, Feb 15- Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said. Changing the rules of the chip auction, which sources have said has generated bids of 200- 400 billion yen, could push the sale beyond...

  • *Noah Oppenheim named as president of NBC News- internal memo. If the deal goes ahead, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the European continent. A spokesman for NBC News declined to comment.

  • Feb 15- Arconic Inc, which is under pressure from hedge fund Elliott Management, said it sold nearly two-thirds of its 19.9 percent stake in Alcoa Corp for about $890 million. Alcoa Inc spun off Alcoa Corp, which houses the company's traditional aluminum smelting and refining businesses, in November and renamed itself as Arconic. The stake sale comes at a time when...

  • *Noah Oppenheim named as president of NBC News- internal memo. If the deal goes ahead, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the European continent. Separately, NBCUNiversal named Noah Oppenheim as president of NBC News, according to...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • SINGAPORE/ HONG KONG, Feb 13- China's state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader's global supply chain. Taking a stake in an internationally active trading house like Noble would help Sinochem, a...

  • FRANKFURT/ BERLIN, Feb 11- Private equity firm KKR has acquired a 18.54 percent stake in German market researcher GfK, GfK said, allowing it to drive strategic change with top shareholder GfK Verein. New York- based KKR, known for successfully turning around media companies, has said it sees opportunities to transform GfK into a technology-based market research...

  • *Trafigura takes 15.5 pct stake, part of 250 mln euro deal. HELSINKI, Feb 10- Commodities trader Trafigura said it will take a 15.5 percent stake in Finland's Terrafame nickel and zinc mine as part of a 250 million euro deal, which will help the mine ramp up production. The mine in northern Finland has been under government control since 2015 following years of losses...

  • MADRID, Feb 9- Spain's Telefonica is in talks with private equity firms KKR, CVC and Ardian as well as sovereign fund GIC about the sale of a 49 percent stake in its telecom masts subsidiary Telxius, four sources said. A successful sale would only be a small step in bringing down Telefonica's 50 billion euros of debt, but it would go a long way in showing investors its...

  • NAIROBI, Feb 7- The Rwandan government plans next week to sell its 20 percent stake in I&M Bank operations in Rwanda, with the aim of raising 11.5 billion francs, a minister and a senior executive said. Robin Bairstow, managing director of I&M Bank in Rwanda, told Reuters the IPO launch date was Feb. 14. I&M Bank in Rwanda is part of the Kenyan group I&M Holdings.