Mergers and Acquisitions Buyins and Buyouts

  • *Quebec to hold 49.5 pct stake in new limited partnership. June 23- Planemaker Bombardier Inc said on Thursday the Canadian province of Quebec agreed to invest $1 billion in its CSeries aircraft program, which has struggled with years of delays and cost overruns. Quebec Premier Philippe Couillard said earlier this month the terms of the federal and Quebec deals...

  • June 23- Planemaker Bombardier Inc said on Thursday the Canadian province of Quebec agreed to invest $1 billion in its C series aircraft program, which has struggled with years of delays and cost overruns. Bombardier said it would transfer the assets, liabilities and obligations of the program to a newly created limited partnership, in which the company will...

  • June 23- Canadian aircraft maker Bombardier Inc said on Thursday the government of Quebec agreed to invest $1 billion in its C series aircraft program.

  • CAIRO, June 23- Telecom Egypt will not be required to sell its stake in Vodafone Egypt following the introduction of fourth-generation mobile phone services, two telecommunications sector sources told Reuters on Thursday. The landline monopoly owns a 45 percent stake in Vodafone Egypt but hopes to offer mobile phone services itself following the...

  • CAIRO, June 23- Telecom Egypt will not be required to sell its stake in Vodafone Egypt following the introduction of fourth-generation mobile phone services, two telecommunications sector sources told Reuters on Thursday. The landline monopoly owns a 45 percent stake in Vodafone Egypt but hopes to offer mobile phone services itself following the...

  • MOSCOW, June 21- Igor Sechin, the head of Russia's top oil producer Rosneft, said the company has sold a more than 20 percent stake in Vankorneft to an Indian consortium for more than $2 billion. He was speaking to the Rossiya-24 TV channel on Tuesday. In March, Indian Oil Corporation, Bharat Petro Resources Ltd, the exploration arm of Bharat Petroleum Corporation Ltd,...

  • SEOUL, June 21- South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 percent stake in their joint venture, unlisted lender Hyundai Capital, to a third party. Hyundai said at the time it could buy the remaining 20 percent GE has in Hyundai Capital in the future. Hyundai and Kia now own nearly 80 percent of Hyundai Capital.

  • June 20- Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange...

  • June 15- Tencent Holdings Ltd is nearing a $6.6 billion deal to buy a majority stake in Finland's Supercell Oy, a person familiar with the matter said, in what would be the biggest-ever purchase of a mobile games maker. China's biggest social network and online entertainment company plans to buy the 73.2 percent stake in Supercell from Japanese media and...

  • June 15- Tencent Holdings Ltd is nearing a deal to buy a majority stake in Finnish games maker Supercell Oy, a person familiar with the matter said, marking the latest push by China's biggest social network and online entertainment company into the lucrative gaming industry. Last year, it bought a 15 percent stake in mobile game developer Glu Mobile Inc, which...

  • June 15- Tencent Holdings Ltd, China's biggest social network and online entertainment firm, is nearing a deal to buy a majority stake in Supercell Oy, which will value the mobile game maker at more than $9 billion, a source familiar with the matter said. Tencent plans to buy the stake in Supercell, the Finnish company behind the mobile game' Clash of Clans', from...

  • MADRID/ SAO PAULO, June 14- Odebrecht SA, Latin America's largest engineering company, is in advanced talks to sell a 55 percent stake in a Peruvian gas pipeline project, and Ferrovial SA and another three companies have emerged as potential bidders, two sources familiar with the transaction said on Tuesday. Gasoducto Sur Peruano, a 30- year concession to build and...

  • MADRID/ SAO PAULO, June 14- Odebrecht SA, Latin America's largest engineering company, is in advanced talks to sell a 55 percent stake in a Peruvian gas pipeline project, with Ferrovial SA and another three companies emerging as potential bidders, two sources familiar with the transaction said on Tuesday. Gasoducto Sur Peruano, a 30- year concession to build and...

  • PARIS, June 13- Sovereign wealth fund Kuwait Investment Authority has told French authorities it wants to sell its stake in nuclear group Areva, La Lettre de l'Expansion reported on Monday. French Industry Minister Emmanuel Macron and Areva declined to comment on the report. In France, a formal investigation does not automatically lead to a trial but often does.

  • PARIS, June 13- Sovereign wealth fund Kuwait Investment Authority has told French authorities it wants to sell its stake in nuclear group Areva, La Lettre de l'Expansion reported on Monday. French Industry Minister Emmanuel Macron declined to comment on the report. KIA paid 600 million euros for the stake in 2010, but since then Areva shares have plunged by...

  • *Agrees sale of Kipa business in Turkey to Migros. LONDON, June 10- Tesco has agreed the sale of its Turkish business and Giraffe restaurant chain in the United Kingdom as the country's biggest retailer continues its reshaping under Chief Executive Dave Lewis. Tesco on Friday confirmed the proposed sale of its 95.5 percent controlling stake in the Kipa business...

  • LONDON, June 10- Britain's biggest retailer Tesco has continued its re-shaping under Chief Executive Dave Lewis, agreeing the sale of its Turkish business and its Giraffe restaurant chain in the UK. The firm on Friday confirmed the proposed sale of its 95.5 percent controlling stake in the Kipa business in Turkey to Migros. Tesco also announced its intention to...

  • NEW YORK, June 9- Viacom Inc is still looking to sell a minority stake in its Paramount film unit, but objections from controlling shareholder Sumner Redstone have impeded the deal, CEO Philippe Dauman told investors on Thursday. Viacom has narrowed down the bidders for the 49- percent stake of Paramount to a small group of "global strategic partners," and had hoped...

  • NEW YORK, June 9- Viacom Inc is still looking to sell a minority stake in its Paramount film unit, but objections from controlling shareholder Sumner Redstone have impeded the deal, CEO Philippe Dauman told investors on Thursday. Viacom has narrowed down the bidders for the 49- percent stake of Paramount to a small group of "global strategic partners," and had hoped...

  • NEW YORK, June 9- Viacom Inc is still looking to sell a minority stake in its Paramount film unit, but objections from controlling shareholder Sumner Redstone have impeded the deal, CEO Philippe Dauman told investors on Thursday. Viacom had hoped to announce a deal by the end of June, but "recent events have slowed the process," Dauman told Gabelli& Company's 8th...