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Mergers and Acquisitions Buyins and Buyouts

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted as a key overseas asset because...

  • *Toshiba want to complete sale by end of March 2018- source. TOKYO, Feb 21- Toshiba Corp wants to raise at least 1 trillion yen from the sale of a majority stake in its flash memory chip business as a buffer against any fresh financial problems, a source with direct knowledge of the matter said. After flagging a $6.3 billion writedown on its U.S. nuclear unit earlier this...

  • BEIJING, Feb 20- China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales. It has also spent $4.6 billion on a minority stake in appliances retailer Suning Commerce Group Co Ltd, is...

  • EXCLUSIVE-SOFTBANK PREPARED TO GIVE UP CONTROL OF SPRINT TO T-MOBILE, AND RETAIN MINORITY STAKE IN MERGED COMPANY- SOURCES.

  • CALGARY, Alberta, Feb 17- Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C $1.7 billion investment in a North Sea windfarm. Closer to home, Calgary- based Enbridge said a deal to buy Spectra Energy Corp is on track to close this quarter after it obtained U.S. antitrust approval for the...

  • TOKYO, Feb 15- Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said. Changing the rules of the chip auction, which sources have said has generated bids of 200- 400 billion yen, could push the sale beyond...

  • *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. A spokesman for NBC News declined to comment.

  • Feb 15- Arconic Inc, which is under pressure from hedge fund Elliott Management, said it sold nearly two-thirds of its 19.9 percent stake in Alcoa Corp for about $890 million. Alcoa Inc spun off Alcoa Corp, which houses the company's traditional aluminum smelting and refining businesses, in November and renamed itself as Arconic. The stake sale comes at a time when...

  • *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..