×

Mergers and Acquisitions Buyins and Buyouts

  • TOKYO, June 3- Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop electric vehicles. Japan's biggest automaker had bought around a 3 percent stake in the Palo Alto-based automaker for $50 million. Toyota spokesman Ryo Sakai said the company had sold...

  • PARIS, June 2- Chinese investment group Fortune Fountain Capital said on Friday it has signed an agreement to buy a controlling stake in French crystal maker Baccarat from U.S investment firms Starwood Capital Group and L Catterton. Under the binding agreement, FFC will pay 222.70 euros per share, valuing the 88.8 percent stake at 164 million euros.

  • SAN FRANCISCO, May 31- SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories. SoftBank is buying out venture capital investors Kleiner Perkins Caufield& Byers, TCV and Tola Capital, it said in a statement. The investment is likely to be...

  • LONDON/ JOHANNESBURG, May 31- Barclays will sell shares worth 1.5 billion pounds in Barclays Africa Group, the bank said on Wednesday, marking another stage in its exit from the continent to focus more on the United States and Britain. Barclays said it would sell the shares to large investors, including South Africa's Public Investment Corporation, in its second...

  • MOSCOW/ HONG KONG, May 31- A consortium of investors led by China's Fosun International Ltd will buy a 10 percent stake in Russia's top gold producer Polyus for $887 million, they said on Wednesday. Russia, the world's third largest gold producer, has been looking for investments in Asia, mainly in China, since the West imposed sanctions on Moscow due to its role in the...

  • South Africa's minister of finance has approved the deal, ABSA Bank said, paving the way for Barclays to begin selling its remaining 50 percent stake in Barclays Africa Group. Johannesburg- based ABSA Bank is the main business inside Barclays Africa Group. Barclays shares rose as much as 2.5 percent in London on Wednesday, after Sky News earlier reported the...

  • MEXICO CITY, May 30- Mexican restaurant operator Alsea said on Tuesday it had reached an agreement with U.S. investment firm General Atlantic to sell its minority stake in Grupo Axo, a company that operates fashion brands. Alsea, which manages international fast-food franchises and coffee shops such as Starbucks and Domino's Pizza, also announced a deal with...

  • MEXICO CITY, May 30- Mexican restaurant operator Alsea said on Tuesday it had reached an agreement with U.S. investment firm General Atlantic to sell its minority stake in Grupo Axo, a company that operates fashion brands. Alsea, which manages international fast-food franchises and coffee shops such as Starbucks and Domino's Pizza, also announced a deal with...

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • SANTIAGO, May 30- Chilean mining company Antofagasta Minerals has sold its minority stake in a solar park in northern Chile, and will launch a power auction for one of its copper mines, the company said on Tuesday. The firm said in a statement it had agreed to sell its 40 percent stake in the 69.5- megawatt Javiera solar park in north-central Chile to Atlas Renewable...

  • MUMBAI, May 27- Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees, the Indian company said on Saturday. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent...

  • May 26- Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV, the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. It competes with American Tower Corporation in Mexico. "We see little progress in third-party usage of Telesites' towers," Itau BBA analyst Gregorio Tomassi said in a May 3...

  • TORONTO/ NEW YORK, May 23- Royal Dutch Shell Plc has decided to offload a roughly C $4.1 billion stake in Canadian Natural Resources Ltd that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, people familiar with the situation told Reuters. As part of the transaction, Shell acquired about 98 million Canadian Natural shares, or about...

  • JERUSALEM, May 23- Israeli billionaire Teddy Sagi has agreed to buy a controlling stake in Brack Capital Properties, a property owner and developer in Germany, for about 1 billion shekels, the company said on Tuesday. BCP, which is listed on the Tel Aviv Stock Exchange, said in a statement that Sagi agreed to buy a controlling 44 percent stake, or about 2.9 million...

  • *Move triggered by concerns over finances, business outlook. HONG KONG/ SINGAPORE, May 22- China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters. It comes at a time when it is set to negotiate...

  • HONG KONG/ SINGAPORE, May 22- China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters. When it held talks with Noble earlier this year to buy a stake, Sinochem's thinking, sources have told...

  • BRUSSELS, May 19- French utility EDF is set to gain unconditional approval from the EU competition authorities for its plan to acquire a controlling stake in ailing nuclear power engineering group Areva's reactor business, a person familiar with the matter said on Friday. The deal is crucial for France, which has Europe's largest network of nuclear plants, and...

  • May 17- An affiliate of private equity firm Warburg Pincus sold a 25 percent stake in Indian non-bank lender Capital First Ltd for 17.67 billion rupees in stock market transactions on Wednesday. The Warburg affiliate, Cloverdell Investment Ltd, sold 24.3 million shares at an average price of 727.35 rupees apiece, according to BSE stock exchange data.

  • LONDON, May 16- The British government is due to announce the sale of its remaining stake in Lloyds Banking Group on Wednesday, the first lender to fully repay its state bailout in a landmark moment for the recovery of Britain's banking sector. Britain spent more than 20 billion pounds rescuing Lloyds during the global financial crisis of 2007-9, leaving the...

  • LONDON, May 16- Anglo-South African financial services firm Old Mutual is selling 17 million shares in U.S. fund firm Old Mutual Asset Management, it said on Tuesday, cutting its minority stake in the firm by a further 15 percent. Old Mutual is selling 17.3 million shares in OMAM in a secondary offering at $14.55 per share, it said in a statement.