Mergers and Acquisitions Buyins and Buyouts

  • Sept 23- A consortium including Brookfield Infrastructure said it agreed to buy a 90 percent stake in the operator of a natural gas transmission system in Brazil from Petróleo Brasileiro SA for about $5.2 billion. Brookfield-managed entities will hold a controlling interest in the consortium, which also includes China's CIC Capital Corp and Singapore's...

  • LISBON, Sept 21- Banco BPI has proposed selling a 2 percent stake in its Angolan unit in a last-ditch bid to secure a takeover by Spain's Caixabank, which has been blocked by Isabel dos Santos, who has a stake of about 20 percent in the Portuguese bank. This limit has so far allowed dos Santos, daughter of Angola's president, to fend off Caixabank's bid to control...

  • JAKARTA, Sept 19- Indonesia's PT Medco Energi Tbk said on Monday it had agreed to acquire ConocoPhillips' entire 40 percent interest in an oil and gas production sharing block that the U.S. firm operates in the Natuna Sea. Medco's announcement, which confirmed a Reuters report on Friday, did not disclose the value of the purchase. Medco's acquisition of...

  • TORONTO, Sept 15- Canadian base metals miner Lundin Mining Corp has won a two week extension until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine, Lundin said in a statement on Thursday. Lundin, previously granted an extension to Sept. 15, said it continues to review, with legal and financial advisors, its ownership in the...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signaling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • PARIS, Sept 12- South Korean power utility Kepco in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the situation told Reuters on Monday. The NuGen consortium is competing with French power utility EDF's 18 billion pound Hinkley C project in Somerset, southwest...

  • TOKYO, Sept 9- Private equity firms KKR, Bain Capital and MBK Partners are set to submit second-rounds bids to buy Japanese auto parts maker Calsonic Kansei Corp, which has a market value of $2.4 billion, people with direct knowledge of the matter told Thomson Reuters LPC. The buyout firms will bid for Nissan Motor Co's 41 percent stake in Calsonic, which Japan's...

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • SOCIETE GENERALE IN TALKS TO SELL 49 PCT STAKE IN CHINA FUND MANAGEMENT VENTURE TO WARBURG PINCUS- SOURCES.

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission was taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission is taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co Ltd has postponed its planned acquisition of Showa Shell Sekiyu KK shares to October or November this year from this month as regulatory approval is taking longer than expected. Public broadcaster NHK reported earlier that the review by Japan's Fair Trade Commission is taking time as it is also reviewing...

  • *To pay $15.76 per share, 12 pct premium. *Navistar sees at least $500 mln in savings over first 5 years. CHICAGO/ FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a stake in the U.S. firm, giving the German company a long-sought foothold in North America and providing cash-strapped Navistar a...

  • *To pay $15.76 per share, 12 pct premium. FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a 16.6 percent stake in the U.S. firm for $256 million, as global truck makers face steep development costs to meet global anti-pollution rules. To cement the new alliance Volkswagen will pay $15.76 a...

  • *Primavera, Ant Capital to invest $460 million in Yum China. *Yum China spinoff expected on Oct. 31. Sept 2- KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as Yum prepares to spin off the business.

  • *Russia aiming to sell 19.5 pct stake this year. VLADIVOSTOK, Russia, Sept 2- Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday. But Russia is hoping to repeat the success of Rosneft's...

  • *Primavera, Ant Capital to invest $460 million in Yum China. *Yum China spinoff expected on Oct. 31. Sept 2- KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million as it prepares to spin off the business.

  • Aug 28- Hedge fund manager D.E. Shaw& Co LP is weighing a bid for SunEdison Inc's controlling stake in TerraForm Power Inc, the bankrupt U.S. renewable energy producer's most valuable asset, according to people familiar with the matter. Shaw's emergence as a possible bidder for TerraForm Power indicates that the potential sale process for the so-called "Class B"...

  • *Chinese firms in running for K-Electric. SINGAPORE/ ISLAMABAD, Aug 24- Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing- led economic corridor will trump the risks of investing in Pakistan. "The China-Pakistan Economic Corridor is the main...