Mergers and Acquisitions Buyins and Buyouts

More

  • Dec 24- Global mining giant Anglo American Plc said it would sell its majority interest in Dartbrook coal mine to Australian Pacific Coal Ltd in a deal worth up to A $50 million. Anglo American, which owns an 83.3 percent stake in Dartbrook mine in New South Wales, Australia, said the deal would comprise of A $25 million in cash, with the rest being received in the form...

  • MEXICO CITY, Dec 23- Mexico's ICA has sold its stake in an environmental waste firm for around 1.2 billion pesos, two people close to the negotiations said, as the embattled construction company scrambles for cash after declaring it would default. ICA jointly owned Proactiva with French water and waste group Veolia. Veolia, Proactiva and Caisse declined to...

  • ATHENS/ TORONTO, Dec 22- Greece's third-largest lender Eurobank agreed to sell an 80 percent stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd for 316 million euros on Tuesday, deepening ties between the two firms. Toronto- based investment holding firm Fairfax, led by well known contrarian investor Prem Watsa has made...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips has sold its 50 percent stake in a joint venture with Russian state oil company Rosneft, a ConocoPhillips spokesman said. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion. ConocoPhillips was left with the Polar Lights...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.

  • BOGOTA, Dec 21- Colombia increased the minimum price it would sell its controlling stake in state electricity generator Isagen, the finance ministry said in a statement on Monday. The government raised the price by 21.5 percent to 4,130 pesos a share, or a total of 6.48 trillion pesos, for its 57.61 percent share of the company. Colombia's top judicial authority in...

  • Dec 21- Shari Redstone refused an offer from her media mogul father Sumner to sell her 20 percent stake in the holding company that controls Viacom Inc and CBS Corp for $1 billion, the Wall Street Journal reported. Earlier this month, Viacom Chief Executive Philippe Dauman addressed these concerns, saying he speaks with Sumner several times a week and that the...

  • Dec 21- Shari Redstone refused an offer from her media mogul father Sumner to sell her 20 percent stake in the holding company that controls Viacom Inc and CBS Corp for $1 billion, the Wall Street Journal reported. The offer made in November 2014 would have required Shari to give up her right to become chairman of the two companies upon the death of her father, now 92,...

  • LISBON, Dec 18- Private investors in indebted Portuguese airline TAP could pull out, likely forcing it out of business, if the new Socialist government succeeds in retaking a controlling interest in the carrier, one of the investors said on Friday. The government this week started talks with the investors, American-Brazilian aviation tycoon David Neeleman and...

  • SAO PAULO, Dec 18- Brazilian investment bank Grupo BTG Pactual SA is in talks to exit its stake in Recovery do Brasil, Latin America's largest debt collector, as part of a plan to raise cash through massive asset sales following the detention of founder André Esteves. Reuters reported on Thursday that Lone Star Funds had entered exclusive talks to purchase BTG...

  • BRASILIA, Dec 18- Brazilian investment bank Banco BTG Pactual SA said on Friday it was in talks to sell a stake in Recovery do Brasil, the biggest debt collector in Latin America. A source with direct knowledge of the conversations told Reuters on Thursday that Lone Star Funds had signed an agreement for exclusive talks to acquire BTG Pactual's 50 percent stake in...

  • NEW DELHI, Dec 18- Indian Oil Corp and Oil India are in talks with Russia's Rosneft to buy up to a 29 percent stake in a Siberian oil project, two sources said, as New Delhi accelerates a push to secure overseas energy assets. The deal, which could be worth around $1 billion based on the valuation of a recent stake purchase, is expected to take final shape during Prime...

  • Dec 17- Avon Products Inc said on Thursday it had agreed to sell 80.1 percent of its North America business to private equity firm Cerberus Capital Management LP for $170 million. New York- based Cerberus will also invest $435 million for a 16.6 percent stake in the direct-seller of cosmetics in a deal that values Avon at about $2.5 billion. The Wall Street Journal...

  • Cheniere Energy eyes stake in Greek LNG project Wednesday, 16 Dec 2015 | 10:11 AM ET

    ATHENS, Dec 16- Cheniere Energy, a U.S-based liquefied natural gas exporter, is interested in a minority stake in a new LNG terminal that will supply gas to southeastern Europe through Greece, a senior company official said on Wednesday. Greece currently has one LNG terminal on an islet off Athens. That facility, with an estimated annual capacity of 6.1 billion...

  • MUMBAI, Dec 16- U.S. private equity firm Blackstone Group LP has bought a minority stake in India's IBS Software for $170 million from General Atlantic and other shareholders. No details were provided on the size of the stake but Amit Dixit, senior managing director and co-head of private equity at Blackstone, India, told Reuters the stake was "significant".

  • BRASILIA, Dec 14- Brazilian paper and pulp maker Suzano Papel e Celulose SA is considering buying a minority stake in rival producer Fibria Celulose SA, Suzano chief executive Walter Schalka told newspaper O Estado de S. Paulo. However, Suzano has discussed the potential deal with consultants, Estado reported, citing unnamed sources. Spokesmen at Suzano and...

  • LAGOS, Dec 14- Shares in Tiger Brands' Nigerian unit jumped 9.6 percent in early Monday trades on the Lagos bourse after the South African food company said it had agreed a deal to sell its majority stake back to Dangote Industries Limited. Tiger Brands has not made money from Dangote Flour Mills since paying nearly $200 million for a 65 percent stake in the firm,...

  • TEL AVIV, Dec 13- The Tel Aviv Stock Exchange on Sunday suspended trading in Delek Group and its insurance business Phoenix Holdings due to events related to Fosun International, the Chinese company that had agreed to buy a controlling stake in Phoenix. The Tel Aviv exchange said in a statement that due to news regarding events tied to the transfer of control in...

  • Dec 11- Seeds and chemical maker Dow Chemical Co said it would buy the remaining stake in its joint-venture with Gorilla glass maker Corning Inc.. The transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies, Dow Chemical said. Dow and Corning will maintain their current equity stake in Hemlock Semiconductor...

  • Dec 10- Billionaire investor Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties, a real estate trust created by retailer Sears Holdings Corp.. Seritage was formed by Sears Holdings in June by spinning off about 254 Sears and Kmart stores, as part of the struggling retailer's plans to raise cash. The REIT, which now also includes Sears' 50...