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Mergers and Acquisitions Buyins and Buyouts

  • 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...

  • LONDON, Dec 7- Cyprus will renew its attempt to privatize state telecoms group Cyta next year after previously failing to get approval to sell it all, putting legislation before parliament in January to allow the sale of a minority stake. Sweeping privatization was a condition of a 10 billion euro bailout program from the European Union and the International...

  • Dec 7- Office supplies retailer Staples Inc said it would sell a controlling stake in its European business to private equity firm Cerberus Capital Management LP for 50 million euros to focus on its North American operations. The deal comes two months after smaller rival Office Depot Inc said it would sell its European operations to investment company...

  • Dec 7- Office supplies retailer Staples Inc said on Wednesday it would sell its controlling stake in its European business to an affiliate of private equity firm Cerberus Capital Management LP to focus on its North American operations. The deal comes two months after smaller rival Office Depot Inc said it would sell its European operations to investment...

  • LONDON, Dec 7- European shares climbed on Wednesday, with the regional banking index hitting an 11- month peak after Credit Suisse announced further costs cuts and Italian banks surged towards their best two-day run since 2012.. Italian banks rose 2.5 percent, with Reuters exclusively reporting Italy was preparing to take a 2 billion euros controlling stake...

  • 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 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...