×

Mergers and Acquisitions Buyins and Buyouts

  • *Qatar Airways close to Italy's Meridiana deal. DUBAI, April 24- Qatar Airways will finalise a long-negotiated agreement to buy 49 percent of Italy's Meridiana in the coming days, and soon apply to Qatar's sovereign wealth fund to start an Indian airline. Qatar Airways will sign the agreement with Italy's second biggest airline in the next "few days", Chief...

  • LONDON, April 21- Neptune Oil& Gas moved closer to the $2 billion purchase of a majority stake in the exploration and production arm of French utility Engie after agreeing Chinese sovereign fund CIC could increase its minority stake in the target firm, sources said. China Investment Corporation will increase its stake in Engie E&P to 49 percent, after buying the...

  • TORONTO/ CALGARY, April 20- BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise project near Fort McMurray in Alberta, where Husky Energy Inc owns the rest and...

  • TORONTO/ CALGARY, April 20- BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise project near Fort McMurray in Alberta, where Husky Energy Inc owns the rest and...

  • SAO PAULO, April 19- Brazilian police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. The federal police said they are investigating whether the purchase of a stake in Banco...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash. Calgary-based Nova Chemical is owned by International Petroleum Investment Company, formed by the Abu Dhabi government to invest in the energy and related sectors.

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

  • MOSCOW, April 14- Russian government expects that proceeds from the sale of a 20 percent stake in Novorossiisk Sea Commercial Port will be at 30 billion roubles, Deputy Finance Minister Alexey Moiseev was quoted as saying by RIA news agency.

  • MILAN, April 13- Four suitors are left in the race to buy a minority stake in Atlantia's motorway unit, two sources close to the matter said on Thursday, as the Italian infrastructure group prepares to finalize the deal in coming weeks. The sources said a consortium led by Allianz Capital Partners, the German insurer's infrastructure investment vehicle, wants to...

  • MOSCOW, April 12- China's Fosun International Ltd plans to sign an agreement to buy a stake in Russia's largest gold producer Polyus, Interfax news agency quoted Russian First Deputy Prime Minister Igor Shuvalov as saying on Wednesday. Shuvalov also said that aluminium giant Rusal could soon announce the placement of the second tranche of its Chinese...

  • SINGAPORE, April 10- Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell, ExxonMobil Corp, Thailand's PTT Exploration and Production and Japanese firms, sources familiar with the matter said. Citing sources, Reuters reported in February that Petronas was...

  • BERLIN, April 6- Former Volkswagen chairman Ferdinand Piech sold the bulk of his stake in the company that controls Europe's biggest carmaker to his younger brother, Frankfurter Allgemeine Zeitung reported. Piech, who dominated Volkswagen for more than two decades as chief executive and chairman before he resigned in 2015, sold a major part of his 14.7...

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • SAO PAULO, April 6- Qatar Investment Authority's sold about 2.5 percent of Banco Santander Brasil SA for 2.3 billion reais in a restricted offering after banks exercised an option to buy extra units, the bank said on Thursday. Investors placed bids worth 2.5 times to three times the amount of units in Brazil's fourth biggest bank on offer, the sources said.

  • MADRID, April 6- Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies. Corporate filings in Spain's Mercantile Registry show the reclusive 81- year-old put a 50.01...

  • April 5- Hydrogen fuel cell maker Plug Power Inc said on Wednesday Amazon.com Inc had acquired the right to buy up to 23 percent of the company and that it would supply batteries to power forklifts used by the online retailer in its warehouses. Amazon shares rose as much as 1.9 percent to a record high of $923.72 before ending 0.3 percent higher at $909.28.

  • Plug Power's shares were up 82.31 percent at $2.12 in heavy afternoon trading. Latham, New York- based Plug Power was valued at $319 million as of Tuesday's market close. Amazon, the world's largest online retailer will equip forklifts at 11 warehouses this year with hydrogen fuel cells so they can lift more goods before running out of juice, as well as charge...

  • Ron Shaich, founder, chairman and chief executive officer of Panera Bread Co.

    Ron Shaich, Panera Bread CEO, talking about the advantages of selling the company to JAB Holdings and offering customers a "clean" menu. It's good stuff, says Shaich.