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Mergers and Acquisitions Buyins and Buyouts

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • PARIS, Dec 14- French billionaire Vincent Bollore raised the stakes in his battle with former Italian prime minister Silvio Berlusconi on Wednesday, buying a fifth of Berlusconi's Mediaset broadcaster in a hostile raid that drew the ire of Rome. Italian Industry Minister Carlo Calenda said in a statement that Mediaset operated in a strategic sector, chiming...

  • LONDON, Dec 14- South Africa's Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm's shares to 2-1/ 2 month highs. RMI has a majority stake in OUTsurance, which offers motor and home insurance in Africa, Australia and New Zealand, and minority...

  • MILAN, Dec 12- Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. "This is a great success for Eni to receive $2.1 billion for a year's work and have major partners to share the risk and capex," said...

  • *Vinamilk one of Vietnam's most attractive assets. HANOI, Dec 12- Singapore- listed Fraser and Neave Ltd is set to boost its stake in Vietnam's Vinamilk but the sale of shares in one of the state's most attractive assets failed to draw in other buyers after highly restrictive investment caps were imposed. The food and beverage firm, already Vinamilk's second...

  • MILAN, Dec 12- Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investment amid weak oil prices. Eni, which currently owns 90 percent of the Shorouk concession containing the giant Zohr gas field, said Rosneft would pay $1.125...

  • *Vinamilk one of Vietnam's most attractive assets. HANOI, Dec 12- Singapore- listed Fraser and Neave Ltd is set to boost its stake in Vietnam's Vinamilk but the sale of shares in one of the state's most attractive assets failed to draw in other buyers after highly restrictive investment caps were imposed. The food and beverage firm, already Vinamilk's second...

  • AMSTERDAM, Dec 12- Philips will sell an 80.1 percent stake in Lumileds, its LED components and car lighting business, to U.S. investor Apollo, receiving $1.5 billion in cash, it said on Monday. The deal values Lumileds at around $2 billion including debt, Philips said, and is expected to close in the first half of 2017, pending regulatory approval.

  • AMSTERDAM, Dec 12- Philips said on Monday it will sell an 80.1 percent stake in Lumileds, its LED components and car lighting business, to U.S. investor Apollo, receiving $1.5 billion in cash. The deal values Lumileds at around $2 billion including debt, Philips said. An earlier attempt to sell the business at a valuation of $3.3 billion to a group of Asian investors...

  • SAO PAULO, Dec 8- Brazilian retailer GPA SA, controlled by France's Casino Guichard Perrachon SA, will hold investments steady even as the country's retail sector returns to growth by the second half of next year, executives said on Thursday. GPA will invest 1.6 billion reais in 2017, Chief Financial Officer Christophe Hidalgo said in a news conference, the same...

  • The bank, Italy's biggest retail lender, has deep ties in Russia and advised state-owned Rosneft on the sale of the 19.5 percent stake. Wednesday's announcement showed the Kremlin can lure big foreign investors to its oil sector despite political risks associated with Russia, which is locked in a stand-off with the West over conflicts in Ukraine and Syria.

  • *If so, might have to compete with Russia's Summa group. MOSCOW, Dec 8- Russian billionaire Vladimir Lisin is selling a stake of around 1.5 percent in the country's largest steelmaker NLMK, which he controls, the bookrunner for the deal said on Thursday. Forbes magazine ranks Lisin as Russia's eighth richest businessman with a worth of about $9.3 billion.

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma Negra deal would involve the sale of a 40- percent stake.

  • FRANKFURT, Dec 8- U.S. private equity firm Kohlberg Kravis Roberts launched a tender offer on Thursday for a stake in Germany's GfK, teaming up with the faltering market research firm to develop new computer-based strategies and fend off competition. The announcement that KKR-controlled Acceleratio Capital NV would offer 43.50 euros per share in cash for all...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • LONDON, Dec 8- Emerging market stocks climbed the most in a month on Thursday, as Russia's approval of the sale of a 10.5 billion euro stake in its largest oil firm sent Moscow shares to a record high and forecast-beating Chinese trade data lifted the mood. The European Central Bank was also expected to extend its already generous 1.5 trillion euro stimulus...

  • MOSCOW, Dec 7- Russia said on Wednesday it sold a minority stake in oil giant Rosneft for 10.5 billion euros to Qatar and commodities trader Glencore, confounding markets which believed the Kremlin's standoff with the West would scare off major investors. The deal-- which has yet to be confirmed by Qatar or Glencore-- suggests the lure of taking a share in one of the...

  • MOSCOW, Dec 7- Commodities trader Glencore and Qatar's sovereign wealth fund are together buying a 19.5- percent stake in state-controlled Russian oil company Rosneft, the Kremlin said in an unexpected announcement late on Wednesday. "It is the largest privatization deal, the largest sale and acquisition in the global oil and gas sector in 2016," President...