Mergers and Acquisitions Buyins and Buyouts

  • MOSCOW, April 7- Russian holding company Sistema said on Thursday it is in talks with private investors about selling a further stake in children's goods retailer Detsky Mir. Sistema, which has said it plans to list the unit, sold a 23.1 percent stake in Detsky Mir to the Russia-China Investment Fund for 9.8 billion roubles in December, valuing the retailer at 42.2...

  • JAKARTA, April 7- An Indonesian group has obtained a $750 million loan from two state-owned banks to help finance its purchase of a controlling stake in Newmont Mining Corp's Indonesian operations, Basis Point reported on Thursday. Prominent Indonesian businessman Arifin Panigoro, a key member of the investor group and a founder of Jakarta- listed oil and gas...

  • JAKARTA, April 7- An Indonesian group has obtained a $750 million loan from two state-owned banks to help finance its purchase of a controlling stake in Newmont Mining Corp's Indonesian operations, Basis Point reported on Thursday. The two-year loan, which is equally split between PT Bank Mandiri Tbk and PT Bank Negara Indonesia Tbk, was signed last week,...

  • BRASILIA, April 6- Vale SA denied a report on Wednesday that it was negotiating a sale of fertilizer assets to Norway's Yara International as the Brazilian miner seeks to raise cash following its biggest quarterly loss in decades. Citing unnamed sources, Valor said the deal could yield Vale $1.2 billion. Vale is seeking to sell $10 billion in assets over the next...

  • BRASILIA, April 6- Brazilian miner Vale SA could sell a minority stake in its fertilizer unit by the end of the year as part of a bid to raise cash after its biggest quarterly loss in decades, newspaper Valor said on Wednesday. Valor, citing unnamed market sources, tipped Norwegian fertilizer maker Yara International ASA as a potential buyer in a deal that could...

  • LONDON, April 6- Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole at close to the initially expected $10 billion,...

  • NEW DELHI, April 6- American Tower Corp has committed to invest $2 billion in India, in addition to the 58.57 billion rupees it will spend to acquire a controlling stake in Viom Networks Ltd, the country's telecom minister said on Wednesday. American Tower CEO James D. Taiclet Jr made the commitment to invest more in India during their meeting on Tuesday, minister...

  • BERLIN, April 6- Amazon.com and Microsoft are in talks about taking a minority stake in HERE, a digital mapping business controlled by Germany's luxury carmakers to help develop self-driving cars, Daimler said on Wednesday. Germany's luxury carmakers including Daimler's Mercedes, Volkswagen's Audi division and BMW bought HERE for 2.5 billion euros from...

  • April 6- Miner and commodity trader Glencore said it had agreed to sell a 40 percent stake in its agricultural business to Canada Pension Plan Investment Board for $2.5 billion and use the proceeds to reduce debt, which is among the highest in the sector. The Wall Street Journal on Tuesday said CPPIB, one of the world's biggest pension funds, likely won that auction.

  • By Georgina Prodhan and Tatiana Bautzer. FRANKFURT/ SAO PAULO, April 5- Vale SA has agreed to hand its stake in Brazil's CSA steel plant to majority owner Thyssenkrupp for a token sum, allowing the German company to contemplate relaunching a sale process and Vale to focus on its core mining business. Chief Executive Officer Murilo Ferreira said in February the...

  • ISTANBUL, April 5- Turkey's Sabanci Holding plans to sell a minority stake in the electricity distribution and energy retail businesses of its Enerjisa subsidiary to cut debt ahead of Enerjisa's initial public offering, a senior executive said on Tuesday. Sabanci, one of Turkey's largest conglomerates, expects to float Enerjisa as early as the end of next year,...

  • MUMBAI, April 4- Blackstone Group is buying a majority stake in Indian IT outsourcing services provider Mphasis Ltd from Hewlett Packard Enterprise Co in an up to $1.1 billion deal, in the U.S. asset manager's single-biggest investment in India. In December, Blackstone announced the purchase of a minority stake in India's IBS Software for $170 million.

  • MUMBAI, April 4- Blackstone Group LP is buying Indian IT outsourcing services provider MphasiS Ltd from Hewlett Packard Enterprise Co, in a deal that could cost the U.S. asset manager up to $1.1 billion and be its biggest in the country. In December, Blackstone announced the purchase of a minority stake in India's IBS Software for $170 million.

  • BUCHAREST, April 3- Romanian state-owned power producer Hidroelectrica expects to finally exit its insolvency process by next month, and aims to sell a minority stake in an initial public offering by November, its manager told Reuters on Sunday. Romania's largest and cheapest power producer has been run by a court-appointed manager after it became insolvent...

  • NEW YORK/ SAO PAULO, April 1- Brazilian iron ore miner Vale SA is finalizing a proposal to sell its 26.87 percent stake in a steel slab plant that cost nearly $10 billion to build to Germany's Thyssenkrupp for $1 plus the assumption of some debt, a source close to the deal said. The plant, Brazil's most costly foreign investment project ever, reported 2.6 billion euros...

  • April 1- Private equity firm Silver Lake Partners has agreed to acquire a minority stake in Ancestry.com in a deal that values the privately held genealogy website at $2.6 billion, including debt, people familiar with the matter said on Friday. GIC, Singapore's sovereign wealth fund and an existing investor in Ancestry, will increase its stake and hold as much...

  • SHANGHAI, April 1- China's Shandong Ruyi said it will buy a controlling stake in SMCP, the French firm behind affordable luxury fashion brands Sandro, Maje and Claudie Pierlot. Sandro, Maje and Claudie Pierlot, which sell dresses priced at around 200 euros, operate in the so-called accessible segment of the luxury market, enjoying solid demand among fast-growing...

  • But the Vancouver- based company does not plan to add a partner before next year, said Chief Executive Officer Leigh Curyer, a former executive with Uranium One Investments Inc. The company estimated on March 3 an initial resource at its Arrow deposit in northern Saskatchewan of 202 million pounds, much larger and higher-grade than expected.

  • PORT LOUIS, March 31- Mauritius has agreed to sell a near 25 percent stake in Kenyan insurer British-American Investments Co, after seizing it from a disgraced tycoon, to the existing shareholders, the government said on Thursday. The Indian Ocean island seized the assets of Dawood Rawat, a Mauritius citizen, in April 2015 after accusing him of running a...

  • Philippe Dauman, Viacom

    Viacom has received interest from three dozen companies for a minority stake in its Paramount Pictures studio, Chief Executive Philippe Dauman said.