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Mergers and Acquisitions Buyins and Buyouts

  • May 4- TransCanada Corp said on Thursday it would sell its remaining 49.3 percent interest in Iroquois Gas Transmission System LP and an 11.8 percent stake in Portland Natural Gas Transmission System for $765 million. The deal value comprises $597 million in cash and the assumption of $168 million in proportionate debt at Iroquois and PNGTS, Transcanada said.

  • PARIS, May 4- Belgium has sold a quarter of the stake it holds in France's biggest listed bank BNP Paribas for around 2 billion euros, a bookrunner for the deal said. The country, which acquired the stake in 2008 as a result of a bailout of Belgian financial group Fortis, said the deal would result in Belgium trimming back its stake in BNP Paribas to 7.8 percent from 10.3...

  • May 2- A consortium that includes German insurer Allianz and HICL Infrastructure is to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions. Last month, a consortium of Canadian and Kuwaiti investors agreed to buy a minority stake in Thames Water, Britain's largest water firm, from funds managed by...

  • May 2- A three-member consortium that includes German insurer Allianz has agreed to buy Affinity Water Ltd, the largest water-only supply firm in England and Wales by revenue, through two transactions, the group said on Tuesday. The consortium, which also includes London- listed HICL and fund manager DIF, will acquire a 90 percent stake from Morgan Stanley's...

  • PARIS, April 26- French construction materials group Saint Gobain reported an 8.8 percent rise in first-quarter sales from a year ago and maintained its target for higher operating profits this year on a like-for-like basis. St Gobain, which is looking to buy a controlling stake in Swiss construction chemicals maker Sika, said first-quarter sales rose to...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights issue to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. Keen to shore up its balance sheet, Switzerland's second-biggest bank had announced in 2015 plans to sell 20-30 percent of its highly profitable Swiss...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. "We expect the capital increase will strengthen our pro forma look-through CET1 ratio to approximately 13.4 percent and our pro forma look-through tier 1...

  • SAO PAULO, April 24- Johnson& Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd have expressed interest in a buyout of the controlling stake that two families have in Brazilian drugmaker Hypermarcas SA, two people with knowledge of the matter said on Monday. The owners of investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a...

  • *Qatar Airways close to Italy's Meridiana deal. DUBAI, April 24- Qatar Airways will finalise a long-negotiated agreement to buy 49 percent of Italy's Meridiana in the coming days, and soon apply to Qatar's sovereign wealth fund to start an Indian airline. Qatar Airways will sign the agreement with Italy's second biggest airline in the next "few days", Chief...

  • LONDON, April 21- Neptune Oil& Gas moved closer to the $2 billion purchase of a majority stake in the exploration and production arm of French utility Engie after agreeing Chinese sovereign fund CIC could increase its minority stake in the target firm, sources said. China Investment Corporation will increase its stake in Engie E&P to 49 percent, after buying the...

  • TORONTO/ CALGARY, April 20- BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise project near Fort McMurray in Alberta, where Husky Energy Inc owns the rest and...

  • TORONTO/ CALGARY, April 20- BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating from noncore businesses. BP's 50 percent stake in the Sunrise project near Fort McMurray in Alberta, where Husky Energy Inc owns the rest and...

  • SAO PAULO, April 19- Brazilian police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. The federal police said they are investigating whether the purchase of a stake in Banco...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • SAO PAULO, April 19- Brazil's federal police conducted raids on Wednesday as part of an investigation of state-controlled Caixa Econômica Federal's purchase of a stake in a consumer lender six years ago, the latest scandal rocking the nation's largest mortgage lender. Politically appointed management long held sway of Caixa, which was a key policy tool when...

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash. Calgary-based Nova Chemical is owned by International Petroleum Investment Company, formed by the Abu Dhabi government to invest in the energy and related sectors.

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

  • MOSCOW, April 14- Russian government expects that proceeds from the sale of a 20 percent stake in Novorossiisk Sea Commercial Port will be at 30 billion roubles, Deputy Finance Minister Alexey Moiseev was quoted as saying by RIA news agency.

  • MILAN, April 13- Four suitors are left in the race to buy a minority stake in Atlantia's motorway unit, two sources close to the matter said on Thursday, as the Italian infrastructure group prepares to finalize the deal in coming weeks. The sources said a consortium led by Allianz Capital Partners, the German insurer's infrastructure investment vehicle, wants to...

  • MOSCOW, April 12- China's Fosun International Ltd plans to sign an agreement to buy a stake in Russia's largest gold producer Polyus, Interfax news agency quoted Russian First Deputy Prime Minister Igor Shuvalov as saying on Wednesday. Shuvalov also said that aluminium giant Rusal could soon announce the placement of the second tranche of its Chinese...