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Mergers and Acquisitions Buyins and Buyouts

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  • Pearson to sell Economist stake for $731 million Wednesday, 12 Aug 2015 | 3:59 AM ET

    Pearson, fresh from agreeing the sale of the Financial Times newspaper, said on Wednesday it would sell its 50 percent stake in the Economist Group to its existing investors.

  • Pearson to sell Economist stake for 469 mln stg Wednesday, 12 Aug 2015 | 2:17 AM ET

    LONDON, Aug 12- Britain's Pearson, fresh from agreeing the sale of the Financial Times newspaper to Japan's Nikkei, said on Wednesday it would sell its 50 percent stake in the Economist Group for 469 million pounds to its existing investors. Pearson said in a statement it had agreed to sell 27.8 percent of the Economist Group's shares to Exor, the holding of the...

  • Aug 7- Coca-Cola Co is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big hit with consumers. The deal, which gives Coca-Cola the option to buy the remainder of Suja in three years, would strengthen the Atlanta- based company's hold on the...

  • MEXICO CITY, Aug 6- Mexico's Grupo Aeroportuario del Centro Norte said on Thursday a unit of construction firm ICA had sold a 2.9 percent stake in the airport operator. OMA's stock closed down 4.35 percent at 83.62 pesos per share. At OMA's closing price on Thursday, the shares sold by Aeroinvest would have been worth some 968.43 million pesos according to Reuters...

  • JERUSALEM, Aug 4- Leumi, Israel's second-largest bank, said on Tuesday it had sold another 5.2 percent stake in conglomerate Israel Corp for 500 million shekels. Leumi said it had sold the 400,000 shares of Israel Corp on Monday to a number of unnamed entities at 1,250 shekels each. Leumi still holds 5.9 percent of Israel Corp, the parent company of potash producer...

  • *Britain starts sale of RBS stake at a loss. *UK faces loss on 45 bln stg RBS bailout after profit on Lloyds. LONDON, Aug 3- Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

  • *Highlights potential of dominant India business. TOKYO, Aug 3- U.S. activist investment fund Third Point LLC has placed a bet on Japan's Suzuki Motor Corp potentially worth almost $1 billion citing the automaker's dominance in India, sending its shares to a lifetime high. Third Point, led by Daniel Loeb, on Friday said Suzuki stock was cheap considering...

  • *Kenyan brewer has 51 pct stake in Tanzania brewer. *Tanzania regulator wants to revoke the stake. NAIROBI, July 31- Kenya's East African Breweries Ltd said on Friday it would try to convince Tanzanian authorities not to revoke its acquisition of a controlling stake in Tanzania's second-largest brewery.

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • July 30- Barrick Gold Corp said on Thursday it had reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chilean-based copper miner Antofagasta Plc for just over $1 billion in cash. Antofagasta would become the operator of Zaldivar and would be overseen by a board consisting of three nominees from each company. "There are many potential...

  • LONDON, July 25- Britain's Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business. "Pearson confirms it is in...

  • LONDON, July 25- British publishing group Pearson said on Saturday it was in talks to sell its 50 percent stake in The Economist Group, publisher of The Economist newspaper. The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week. "Pearson confirms it is in discussions with The Economist...

  • LONDON, July 23- Japanese media group Nikkei on Thursday agreed to buy the Financial Times from Britain's Pearson in a $1.3 billion deal that brings together two leading financial news organisations from Europe and Asia. The sale of the FT Group does not include its 50 percent stake in The Economist magazine or the London headquarters of the newspaper on the...

  • BAKU, July 22- Azeri state energy firm SOCAR plans to sell part of its shares in Turkish petrochemical company Petkim, SOCAR's president was quoted as saying on Wednesday. "Petkim's share price rose to 4.35 Turkish lira per share from 1.8 Turkish lira in the last two years and that's why we would like to sell part of our shares." SOCAR- Turkey bought 10.32 percent stake...

  • BERLIN, July 20- German TV broadcaster ProSiebenSat.1 is in talks to buy a stake in advertising group Scout24 from U.S. private equity firm Hellman& Friedman, Handelsblatt reported on Monday, citing unidentified sources in the banking industry. The German business newspaper said ProSieben had two options-- one to take a majority stake in Scout24, and another to...

  • Euro: Should you be bullish or bearish? Tuesday, 14 Jul 2015 | 6:20 PM ET
    Euro: Should you be bullish or bearish?

    Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.

  • LONDON, July 13- Energy trading house Gunvor has sold a controlling stake in its Ust-Luga oil products terminal to Russian businessman Andrei Bokarev, the Swiss-based company said on Monday. Gunvor, one of the world's top five oil trading houses, has been seeking to limit its exposure to Russia since former co-owner, Russian billionaire Gennady Timchenko, was...

  • *Haitong shares suspended in Hong Kong. HONG KONG, July 8- A Chinese state-backed investment firm sold its stake in China's fourth-largest broker Haitong Securities in Hong Kong on Wednesday in a sign that Beijing's bid to arrest a sell-off in mainland stocks is pushing investors to the island's market to raise capital. "Hong Kong is coming under pressure as the...

  • Lufthansa eyes sale of Luxair stake Wednesday, 1 Jul 2015 | 11:19 AM ET

    LUXEMBOURG/ BERLIN, July 1- Lufthansa is considering selling its 13 percent stake in Luxair and has been in touch with other shareholders, including the Luxembourg government, to discuss the matter. Luxembourg infrastructure minister Francois Bausch said in a public session of parliament he had received a letter from Lufthansa stating the company's...

  • LONDON, June 29- Trading house Trafigura has sold half its stake in three Spanish copper and zinc mines to Abu Dhabi investment company Mubadala as part of a joint venture they are setting up to invest in base metals mining, the companies said on Monday. Sources close to the deal said it valued the mines business at around $1.4 billion, meaning Mubadala would be...