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Mergers and Acquisitions Buyins and Buyouts

  • Dec 7- Office supplies retailer Staples Inc said it would sell a controlling interest in its European business to an affiliate of private equity firm Cerberus Capital Management LP. Staples' European unit consists of retail, contract, and online businesses in 16 countries, generating aggregate annual sales of about 1.7 billion euros. The deal comes two months...

  • LONDON, Dec 7- European shares rose on Wednesday with the regional banking index hitting an 11- month peak after Credit Suisse announced further costs cuts and Italian banks poised for their best two-day run since 2012.. Italian banks rose 2.2 percent, with Reuters exclusively reporting Italy was preparing to take a 2 billion euros controlling stake in Monte...

  • ROME, Dec 6- Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday. This would make it by far the biggest shareholder, meaning the Treasury would be able to control Italy's...

  • *Up to 25 pct stake gives McDonald's exposure to China growth. HONG KONG, Dec 6- McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. McDonald's in March said it...

  • CHICAGO, Dec 1- U.S. agricultural commodities trader Archer Daniels Midland Co has sold its 19.9 percent stake in GrainCorp Ltd to underwriters UBS just three years after a failed bid to wholly acquire the Australian grain handler, ADM said on Thursday. ADM's A $2.8 billion bid to buy Australia's largest listed grain handler was blocked by government...

  • The sale to the Swiss bank was valued at A $387 million, or A $8.53 a share, ADM said.

  • JOHANNESBURG, Dec 1- Russia's Norilsk Nickel said on Thursday it has filed a lawsuit against Botswana- based BCL Group to recover $271.3 million plus damages it says it is owed from the sale of a 50 percent stake in the Nkomati mine in South Africa. BCL Mine pulled out of a 3 billion pula deal to buy a 50 percent stake in Nkomati Nickel Mine from Norilsk due to a lack of...

  • *CIB to sell 70-80 pct of investment bank arm CI Capital. CAIRO, Nov 30- Egypt's largest listed bank Commercial International Bank said it is in talks with local and Gulf investors to sell a 70-80 percent stake in its investment banking arm CI Capital. Sources with knowledge of the discussions had earlier on Wednesday told Reuters that CIB was close to finalising a...

  • CAIRO, Nov 30- Egypt's largest listed bank CIB is close to finalising a deal to sell a 70 percent stake in its investment banking arm CI Capital to a group of local investors, sources with knowledge of the discussions told Reuters on Wednesday. The investors would each hold a minority stake in CI Capital, the sources said. Sawiris said at the time that he planned to...

  • TBILISI, Nov 29- Georgia plans to sell a 25 percent stake in the state Oil and Gas Corporation on an international stock exchange in 2017, the finance minister of the former Soviet republic said on Tuesday. "The corporation's 25 percent stake will be placed on one of the exchanges abroad, in London or Shanghai," Dmitry Kumsishvili told Reuters.

  • MOSCOW, Nov 29- Russia's Rosneft should submit proposals to the government by Dec. 1 about how it thinks its privatization should be conducted, Kremlin economic aide Andrey Belousov told reporters on Tuesday. According to an earlier government order, the sale of a 19.5 percent stake in Rosneft by state energy company Rosneftegaz should be finished by Dec. 5, with...

  • MOSCOW, Nov 29- Russia's Rosneft should submit proposals to the government by Dec. 1 about how it thinks its privatisation should be conducted, Kremlin economic aide Andrey Belousov told reporters on Tuesday. According to an earlier government order, the sale of a 19.5 percent stake in Rosneft by state energy company Rosneftegaz should be finished by Dec. 5, with...

  • SAO PAULO, Nov 28- Brazilian car rental firm Unidas SA on Monday announced an initial public offering in São Paulo in a securities filing, one of the few IPOs in the last two years in Latin America's largest economy. The plan was announced a month after Enterprise Holdings Inc, the world's No. 1 car rental firm, bought a 20 percent stake of Unidas from three funds.

  • JOHANNESBURG, Nov 24- A major investor in the parent company of South Africa's Cell C Ltd has launched a court challenge aimed at stopping the sale of a 45- percent stake in the mobile phone operator to Blue Label Telecoms, according to court papers seen by Reuters on Thursday. CellSAF holds a 25 percent stake in 3 C Telecommunications, which in turn owns Cell C, South...

  • LIMA, Nov 23- Sempra Energy said on Wednesday that it ended talks for buying control of Brazilian engineering company Odebrecht's pipeline project in Peru without a deal as Techint Group remained in negotiations for acquiring a minority stake. Sempra said the government of Peruvian President Pedro Pablo Kuczynski had refused to offer guarantees that it...

  • *Divestment among requirements to extend Freeport contract. Under a 2014 memorandum of understanding with the government, Freeport agreed to divest a 30 percent stake by 2019 and invest in domestic processing to win an extension of its contract beyond 2021.. The government already has a 9.36 percent stake in Freeport's Indonesian operations, and had hoped to...

  • PARIS, Nov 23- Areva hopes that China's CNNC and Japan's MHI will agree to buy a minority stake in the French state-controlled nuclear group in coming weeks, Areva's chief executive said on Wednesday. He mentioned China National Nuclear Corporation and Mitsubishi Heavy Industries but did not mention Kazakhstan's Kazatomprom. Loss-making Areva is years...

  • PARIS, Nov 23- Areva is in talks with Chinese nuclear group CNNC and Japan's Mitsubishi Heavy Industries about taking a minority stake in the French state-controlled nuclear group, the company said on Wednesday. On Tuesday, French online news website BFM Business reported that China National Nuclear Corporation, MHI and Kazatomprom were each set to buy an 11...

  • SANTIAGO, Nov 22- Chile's SVS securities regulator said on Tuesday that the eventual buyer of Oro Blanco's stake in Pampa Calichera must make a public offer to shareholders in fertilizer company SQM if the acquisition allows the purchaser to control SQM's board. An indirect stake in Chile's SQM, one of the world's biggest lithium and iodine suppliers, has been...

  • Nov 22- Dr Pepper Snapple Group Inc said on Tuesday it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion, in cash, in the latest example of a soft-drinks maker investing in products that are perceived to be healthier. Dr Pepper Snapple, which also makes the 7 UP and Schweppes soft drinks, already has a roughly 3 percent stake in Bai.