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Mergers and Acquisitions Buyins and Buyouts

  • HONG KONG, Dec 16- First Capital Securities Co Ltd plans to acquire JPMorgan Chase& Co's minority stake in a Chinese joint venture, in what would be the first departure by a prominent global investment bank from China's securities sector. The Shenzhen- listed securities group said in an exchange filing on Friday that it would buy the 33.3 percent stake in joint...

  • LONDON, Dec 16- Beam Suntory, the world's third-largest spirits company known for Jim Beam and Maker's Mark bourbons, is to buy a controlling stake in London gin distiller Sipsmith, aiming to cash in on rising demand for craft spirits and gin. The amount of gin drunk in UK bars rose 14 percent by volume and 19 percent by value in the year to Oct. 1, according to the wine and...

  • SAO PAULO, Dec 15- Brazil's oil company Petróleo Brasileiro SA has agreed to sell its 49 percent stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras said in the filing that it will attribute a $133 million value to the deal. The sale is one of the five...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in a new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Under a French government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into NewCo, which...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in the new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Areva Chairman Philippe Varin said last month that talks were under way with China's National Nuclear Corporation and Japan's...

  • 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...

  • *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.

  • 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.

  • 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.