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Mergers and Acquisitions Buyins and Buyouts

  • *Noah Oppenheim named as president of NBC News- internal memo. If the deal goes ahead, NBC News- part of NBCUniversal- would look to strengthen Euronews' offerings, while NBCUniversal could use the transaction as a first step to expanding its operations on the European continent. Separately, NBCUNiversal named Noah Oppenheim as president of NBC News, according to...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • SINGAPORE/ HONG KONG, Feb 13- China's state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader's global supply chain. Taking a stake in an internationally active trading house like Noble would help Sinochem, a...

  • FRANKFURT/ BERLIN, Feb 11- Private equity firm KKR has acquired a 18.54 percent stake in German market researcher GfK, GfK said, allowing it to drive strategic change with top shareholder GfK Verein. New York- based KKR, known for successfully turning around media companies, has said it sees opportunities to transform GfK into a technology-based market research...

  • *Trafigura takes 15.5 pct stake, part of 250 mln euro deal. HELSINKI, Feb 10- Commodities trader Trafigura said it will take a 15.5 percent stake in Finland's Terrafame nickel and zinc mine as part of a 250 million euro deal, which will help the mine ramp up production. The mine in northern Finland has been under government control since 2015 following years of losses...

  • MADRID, Feb 9- Spain's Telefonica is in talks with private equity firms KKR, CVC and Ardian as well as sovereign fund GIC about the sale of a 49 percent stake in its telecom masts subsidiary Telxius, four sources said. A successful sale would only be a small step in bringing down Telefonica's 50 billion euros of debt, but it would go a long way in showing investors its...

  • NAIROBI, Feb 7- The Rwandan government plans next week to sell its 20 percent stake in I&M Bank operations in Rwanda, with the aim of raising 11.5 billion francs, a minister and a senior executive said. Robin Bairstow, managing director of I&M Bank in Rwanda, told Reuters the IPO launch date was Feb. 14. I&M Bank in Rwanda is part of the Kenyan group I&M Holdings.

  • SEOUL/ TOKYO, Feb 7- Toshiba Corp favors private equity bidders in the sale of a stake in its chip business, as suitors including rivals SK Hynix Inc and Micron Technology Inc vie with financial investors like Bain Capital, sources said on Tuesday. South Korea's Hynix, the world's No. 2 chipmaker, on Tuesday said it had submitted a non-binding bid although it gave no...

  • SEOUL, Feb 7- South Korean chipmaker SK Hynix Inc said on Tuesday it submitted a non-binding bid last week for a stake in Toshiba Corp's memory chip business, as the firm seeks to boost its NAND flash chip competitiveness. SK Hynix, in a regulatory filing, said it has not decided on whether to submit a final bid and did not offer details including how big a stake it seeks.

  • SEOUL, Feb 7- South Korea's SK Hynix Inc has submitted an initial bid to acquire a stake in Toshiba Corp's memory chip business, a person familiar with the matter told Reuters on Tuesday. Toshiba in January said it would sell a minority stake of less than 20 percent in its memory business to offset multi-billion dollar writedowns stemming from U.S. nuclear power...

  • BOGOTA, Feb 2- Avianca Holdings SA controlling shareholder German Efromovich could give up a minority stake in the Colombian carrier to United Continental Holdings Inc, he said in an interview published on Thursday. Without providing details, Efromovich said he had always planned to seek offers for a minority stake through his Synergy Aerospace Corp..

  • NEW YORK, Jan 31- Japan Exchange Group Inc, the operator of the Tokyo Stock Exchange, has taken a minority stake in UK- based fintech company OpenGamma Limited, as corporate investors account for a growing share of venture funding in fintech. The JPX funding round follows a $13.3 million investment in OpenGamma in October by venture capital firm Accel Partners,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • SAO PAULO, Jan 31- The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge of the matter said. According to the person, who requested anonymity because of the sensitivity of the issue,...

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatisation chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • ISLAMABAD, Jan 31- Pakistan aims to raise $350 million from the sale of a stake in Kot Addu Power Company and will also relaunch a share sale in Oil and Gas Development Company but only to domestic investors, its privatization chief said. Chinese companies showed the most interest "by far" in the planned sale of a 40 percent stake in KAPCO during roadshows in Istanbul,...

  • *Tokyo Electron also not showing interest- Kyodo. TOKYO, Jan 31- Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Expectations that Canon could offer at least...

  • *Latest sale brings total divestment to $8.7 bln since April 2015. SINGAPORE/ DUBAI, Jan 31- Royal Dutch Shell said on Tuesday it would sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900 million. The move is the latest stage of the Anglo-Dutch company's push to reduce debt after buying smaller rival BG Group for...