Mergers and Acquisitions Buyins and Buyouts

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  • TORONTO/ MONTREAL, Oct 29- The Quebec government said it will invest $1 billion in Bombardier Inc's CSeries jets in return for a near 50 percent stake in the struggling project, in what was seen as a risky move to protect jobs in the Canadian province. Its 18,000- strong workforce in Quebec is largely focused on aerospace, and it helps support many smaller part...

  • PARIS/ MILAN, Oct 29- French tycoon Xavier Niel has built up the equivalent of a 11.2 percent voting stake in Telecom Italia, setting up a potential power struggle with largest shareholder Vivendi over the carrier's future. Niel, founder of low-cost French mobile operator Iliad, arrives at Telecom Italia just as French media group Vivendi, led by shareholder and...

  • PARIS/ MILAN, Oct 29- Xavier Niel, the founder of low-cost French mobile operator Iliad, has bought 6 percent of Telecom Italia via a personal investment company and has another 5 percent through derivative contracts, a source with knowledge of the matter said. That cemented Vivendi's role as the biggest shareholder in the indebted company, as well as making...

  • NEW DELHI, Oct 29- Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp and Oman's state oil firm, BPCL's chairman told Reuters on Thursday. BPCL and Oman Oil Company could make a public share offer next year if a deal is not sealed. Varadarajan also said...

  • NEW YORK, Oct 28- Brookfield Property Partners LP announced on Wednesday it sold a 44 percent stake in its $4.5 billion development on Manhattan's west side to the Qatar Investment Authority in a project it said would be worth almost double that when completed. QIA announced in September on opening a New York office that it planned to invest $35 billion in the...

  • *Blackstone seeks to buy 37 pct in TFCC, its 1st Taiwan foray. TAIPEI, Oct 28- Taipei Financial Center Corp, which operates skyscraper Taipei 101, said it has allowed Blackstone Group to examine its financial books ahead of a potential stake purchase in it by the U.S. private equity firm. The decision, which came after TFCC's board meeting on Wednesday, paves the way...

  • SYDNEY, Oct 28- National Australia Bank, the country's No.1 lender by assets, on Wednesday posted a 15.5 percent rise in annual profit and confirmed it would sell 80 percent of its insurance unit to Japan's Nippon Life Insurance Co for A $2.4 billion. NAB also announced it would spin off and sell its under-performing UK operations, Clydesdale Bank and Yorkshire...

  • *Blackstone assures Taiwan no China- backed funds involved-sources. *Taiwan govt would approve stake purchase- source. The U.S. firm has assured the Taiwan government it will not use Chinese-backed money to buy the stake in the Taipei Financial Center Corp, two sources said on Tuesday.

  • RIO DE JANEIRO, Oct 23- State-controlled Petróleo Brasileiro SA's board approved selling a minority stake in a natural gas distribution unit to Japan's Mitsui& Co Ltd for 1.9 billion reais in a key step toward disposing of non-essential assets to repay debt. Investors and analysts have spotted Mitsui as a natural buyer for some of Petrobras' non-core assets...

  • RIO DE JANEIRO, Oct 23- State-controlled Petróleo Brasileiro SA's board approved on Friday selling a minority stake in a natural gas distribution unit to Japan's Mitsui& Co Ltd, although finalizing the deal hinges on some aspects yet to be negotiated, a source with direct knowledge of the matter said. Petrobras, as the oil producer is commonly known, has been...

  • *Italy set price for Poste Italiane IPO at 6.75 euros/ share. *Outcome shows investor confidence in Italy- minister. ROME/ MILAN, Oct 23- Italy will raise nearly 3.4 billion euros from the sale of a minority stake in its post office in a stock market listing welcomed by the government as a vote of confidence for its business reforms.

  • MUMBAI, Oct 21- American Tower Corp has agreed to buy a 51 percent controlling stake in Indian mobile mast operator Viom Networks for 76 billion rupees to expand in the world's second-biggest telecommunications market by number of users. American Tower will combine its portfolio of 14,000 communications towers in India with Viom's estate of about 42,200--...

  • Google invests as it tries to re-establish China presence. BEIJING, Oct 20- Google will take a minority stake in Beijing- based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the start-up said on Tuesday, as the U.S. search giant tries to rebuild its presence in China. Because services like its search, e-mail and mapping are blocked...

  • BEIJING, Oct 20- Google will take a minority stake in Beijing- based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the start-up said on Tuesday, as the U.S. search giant tries to rebuild its presence in China. Mobvoi will maintain a controlling stake, it said in an e-mailed statement. Google's parent company is now named Alphabet Inc.

  • BEIJING, Oct 20- Chinese state energy giant Sinopec Corp is in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics, which operates one of the country's biggest chemical plants, three sources with knowledge of the matter said. The discussions come after the independent petrochemical firm suffered a second major fire in less...

  • UPDATE 1-Coca-Cola drops pursuit of Chobani -sources Wednesday, 14 Oct 2015 | 5:13 PM ET

    Oct 14- Coca-Cola Co has ended talks to invest in Chobani LLC after deciding that the maker of Greek yogurt was not the best fit for its portfolio, people familiar with the matter said on Wednesday. Coca-Cola was competing against PepsiCo Inc to invest in Chobani, a deal that Chobani hopes could value it at as much $3 billion, including debt, Reuters reported on...

  • LONDON, Oct 13- The British government has sold the remainder of its stake in Royal Mail, earning 591.1 million pounds from its 13 percent holding and opting to gift its remaining 1 percent stake to Royal Mail staff. The government said on Tuesday that it completed the disposal of a 13 percent stake through an accelerated book building process to institutional...

  • Britain to sell remainder of Royal Mail stake Monday, 12 Oct 2015 | 12:02 PM ET

    LONDON, Oct 12- The British government said on Monday it would sell the remainder of its stake in Royal Mail, bringing to an end its ownership of a postal service that it started privatizing in controversial fashion in 2013.. The government said it planned to sell its remaining 14 percent stake in Royal Mail via an accelerated book build, which will open with...

  • SHANGHAI, Oct 9- A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday. Wal-Mart, France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years in China, losing market share to local rivals,...

  • HONG KONG, Oct 6- Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said- a deal that would help it sell more of its output to China amid growing competition. The sale of a stake in an established refinery marks a departure from the past for...