Mergers and Acquisitions Buyins and Buyouts

  • LONDON, Jan 6- Britain's biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models. In October, Jaguar Land Rover, parent company Tata Motors and U.S. carmaker Ford tested connected cars using technology designed...

  • SAO PAULO, Dec 28- Brazil's state-run oil company, Petroleo Brasileiro SA, on Wednesday announced the sale of ethanol and petrochemicals assets for $587 million, but said it would still fall $1.5 billion short of its divestment target for the 2015-2016 period. Among the assets sold were its 46 percent stake in ethanol producer Guarani SA, which was acquired for...

  • MOSCOW, Dec 23- Russian mobile operator Megafon has agreed to pay $740 million to buy a controlling stake in internet group Mail.ru from billionaire Alisher Usmanov, who is an investor in both companies. Megafon is Russia's second biggest mobile company. Mail.ru, which owns the three largest Russian-language social networks and an online games business, also...

  • NEW YORK, Dec 21- Private equity firm Berkshire Partners LLC said on Wednesday it would acquire a significant minority stake in Kendra Scott Design Inc, in a deal that sources said values the Austin, Texas- based jewelry company at more than $1 billion. Scott's jewelry, much of which is priced under $100, has been worn by celebrities such as Sofia Vergara and Mindy...

  • NEW YORK/ LONDON, Dec 20- China's Bright Food Group has hired Goldman Sachs to sell the breakfast cereals producer Weetabix in a deal that could value the famous British brand at roughly 1 billion pounds, according to three sources familiar with the matter. State-owned Bright Food agreed to buy a 60 percent stake in Weetabix in 2012 from private equity firm Lion...

  • MINSK, Dec 20- A number of investors have shown an interest in buying a minority stake in Belarusbank, including from Hungary, Belarussian Prime Minister Andrei Kobyakov told Reuters in an interview. "We are interested in a strong strategic investor from among Western banks to join the Belarus banking system," Kobyakov said. Kobyakov also said that Belarus...

  • HONG KONG, Dec 16- First Capital Securities Co Ltd plans to acquire JPMorgan Chase& Co's minority stake in a Chinese joint venture, in what would be the first departure by a prominent global investment bank from China's securities sector. The Shenzhen- listed securities group said in an exchange filing on Friday that it would buy the 33.3 percent stake in joint...

  • LONDON, Dec 16- Beam Suntory, the world's third-largest spirits company known for Jim Beam and Maker's Mark bourbons, is to buy a controlling stake in London gin distiller Sipsmith, aiming to cash in on rising demand for craft spirits and gin. The amount of gin drunk in UK bars rose 14 percent by volume and 19 percent by value in the year to Oct. 1, according to the wine and...

  • SAO PAULO, Dec 15- Brazil's oil company Petróleo Brasileiro SA has agreed to sell its 49 percent stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras said in the filing that it will attribute a $133 million value to the deal. The sale is one of the five...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in a new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Under a French government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into NewCo, which...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in the new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Areva Chairman Philippe Varin said last month that talks were under way with China's National Nuclear Corporation and Japan's...

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • LONDON, Dec 14- South Africa's Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm's shares to 2-1/ 2 month highs. RMI has a majority stake in OUTsurance, which offers motor and home insurance in Africa, Australia and New Zealand, and minority...

  • MILAN, Dec 12- Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. "This is a great success for Eni to receive $2.1 billion for a year's work and have major partners to share the risk and capex," said...

  • *Vinamilk one of Vietnam's most attractive assets. HANOI, Dec 12- Singapore- listed Fraser and Neave Ltd is set to boost its stake in Vietnam's Vinamilk but the sale of shares in one of the state's most attractive assets failed to draw in other buyers after highly restrictive investment caps were imposed. The food and beverage firm, already Vinamilk's second...

  • MILAN, Dec 12- Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investment amid weak oil prices. Eni, which currently owns 90 percent of the Shorouk concession containing the giant Zohr gas field, said Rosneft would pay $1.125...

  • *Vinamilk one of Vietnam's most attractive assets. HANOI, Dec 12- Singapore- listed Fraser and Neave Ltd is set to boost its stake in Vietnam's Vinamilk but the sale of shares in one of the state's most attractive assets failed to draw in other buyers after highly restrictive investment caps were imposed. The food and beverage firm, already Vinamilk's second...