Mergers and Acquisitions Buyins and Buyouts

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  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets as part of a package of hundreds of millions of pounds of financing to help support a potential buyer. Prime Minister David Cameron is under pressure from trade unions and the opposition Labour Party to ensure that a buyer is found to save the more...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets as part of a package of hundreds of millions of pounds of financing to help support a potential buyer. "The UK government is actively working with Tata Steel and the British Steel Pension Scheme's Trustees to find a solution that will help minimise...

  • LONDON, April 21- Britain said on Thursday it could take an equity stake of up to 25 percent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer. Britain could take a stake of up to 25 percent in the assets, the Business Ministry said in a statement but added that the government would take no...

  • JAKARTA, April 15- Indonesian state miners may team up with a consortium including prominent businessman Arifin Panigoro to buy a controlling stake in Newmont Mining Corp's local operations, an official at the state enterprises ministry said on Friday. Panigoro's group offered to buy a controlling stake in PT Newmont Nusa Tenggara, which runs Indonesia's...

  • MUMBAI, April 14- SunEdison Inc is in talks to sell minority stakes in its Indian solar projects to Finland's Fortum, two sources said, as the U.S. firm seeks funds to finish proposed plants in India amid concerns about its finances at home. Fortum, a state-controlled utility, said on Tuesday it planned to invest 200- 400 million euros in solar projects in India and...

  • April 14- JPMorgan Chase& Co's asset management arm said it has taken a passive, minority stake in New York- based exchange-traded fund provider Global X Management Co LLC. ETFs account for $3 trillion globally. JPMorgan Asset Management, which manages $1.7 trillion, launched its first seven U.S.

  • MOSCOW, April 13- Russia will sell a blocking stake in mid-sized oil producer Bashneft on the stock market and is holding talks with strategic investors as part of privatization plans, Economy Minister Alexei Ulyukayev was quoted as saying by TASS news agency on Wednesday.

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese ecommerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in Singapore and...

  • BEIJING/ BENGALURU, April 12- Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in Southeast Asia online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese e-commerce giant seeks fertile new turf while growth slows at home. Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in...

  • *Singapore- based Lazada founded by Germany's Rocket in 2012. April 12- China's Alibaba Group Holding Ltd said on Tuesday it has agreed to buy a controlling stake in online retailer Lazada for about $1 billion to expand its e-commerce business into Southeast Asia. Lazada Group, founded by Germany's Rocket Internet in 2012, is headquartered in Singapore and also...

  • April 11- Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman's plan to sell a minority stake sale in Viacom's Paramount Pictures movie studio, the Wall Street Journal reported on Monday. After the sale plan was announced, Redstone summoned Paramount chief Brad Grey and expressed displeasure about...

  • By Claudia Cristoferi and Giulia Segreti. The deal is a stepping stone in billionaire businessman Vincent Bollore's plan to create a southern European pay-TV and content powerhouse to compete with Rupert Murdoch's Sky and online video giant Netflix. Bollore has been accumulating strategic assets in Italy, including a 24.9 percent stake in Telecom Italia.

  • MOSCOW, April 7- Russian holding company Sistema said on Thursday it is in talks with private investors about selling a further stake in children's goods retailer Detsky Mir. Sistema, which has said it plans to list the unit, sold a 23.1 percent stake in Detsky Mir to the Russia-China Investment Fund for 9.8 billion roubles in December, valuing the retailer at 42.2...

  • JAKARTA, April 7- An Indonesian group has obtained a $750 million loan from two state-owned banks to help finance its purchase of a controlling stake in Newmont Mining Corp's Indonesian operations, Basis Point reported on Thursday. Prominent Indonesian businessman Arifin Panigoro, a key member of the investor group and a founder of Jakarta- listed oil and gas...

  • JAKARTA, April 7- An Indonesian group has obtained a $750 million loan from two state-owned banks to help finance its purchase of a controlling stake in Newmont Mining Corp's Indonesian operations, Basis Point reported on Thursday. The two-year loan, which is equally split between PT Bank Mandiri Tbk and PT Bank Negara Indonesia Tbk, was signed last week,...

  • BRASILIA, April 6- Vale SA denied a report on Wednesday that it was negotiating a sale of fertilizer assets to Norway's Yara International as the Brazilian miner seeks to raise cash following its biggest quarterly loss in decades. Citing unnamed sources, Valor said the deal could yield Vale $1.2 billion. Vale is seeking to sell $10 billion in assets over the next...

  • BRASILIA, April 6- Brazilian miner Vale SA could sell a minority stake in its fertilizer unit by the end of the year as part of a bid to raise cash after its biggest quarterly loss in decades, newspaper Valor said on Wednesday. Valor, citing unnamed market sources, tipped Norwegian fertilizer maker Yara International ASA as a potential buyer in a deal that could...

  • LONDON, April 6- Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole at close to the initially expected $10 billion,...

  • NEW DELHI, April 6- American Tower Corp has committed to invest $2 billion in India, in addition to the 58.57 billion rupees it will spend to acquire a controlling stake in Viom Networks Ltd, the country's telecom minister said on Wednesday. American Tower CEO James D. Taiclet Jr made the commitment to invest more in India during their meeting on Tuesday, minister...

  • BERLIN, April 6- Amazon.com and Microsoft are in talks about taking a minority stake in HERE, a digital mapping business controlled by Germany's luxury carmakers to help develop self-driving cars, Daimler said on Wednesday. Germany's luxury carmakers including Daimler's Mercedes, Volkswagen's Audi division and BMW bought HERE for 2.5 billion euros from...