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Mergers and Acquisitions Buyins and Buyouts

  • *Hanjin owns 54 pct of Long Beach Terminal operator. SEOUL, Oct 21- Hanjin Shipping Co Ltd is in talks to sell its stake in the Long Beach Terminal in California to Geneva- based Mediterranean Shipping Company S.A., a spokesman for the Seoul court overseeing the shipper's receivership said on Friday. Hanjin Shipping owns a 54 percent stake in Total Terminals...

  • TOKYO, Oct 20- Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive in a bid to help it recover from a mileage cheating scandal. Japan's No. 2 automaker has agreed to make a 237 billion yen investment to acquire 34 percent of Mitsubishi...

  • TOKYO, Oct 20- Nissan Motor Co Ltd said on Thursday it had completed a deal to take a controlling stake in Mitsubishi Motors Corp, and would be retaining the embattled automaker's chief executive to ensure its recovery from a mileage cheating scandal. Japan's No. 2 automaker has agreed to make a 237 billion yen investment to acquire a 34 percent stake in Mitsubishi...

  • TOKYO, Oct 19- Nissan Motor Co has decided to appoint its CEO, Carlos Ghosn, as chairman of Mitsubishi Motors Corp after Japan's No. 2 automaker takes a 34 percent stake in its smaller rival, the Nikkei newspaper reported on Wednesday. Ghosn is also asking Mitsubishi Motors Chairman and President Osamu Masuko to stay on as president of the company when Nissan takes a...

  • *Reliance Comms signed non-binding term sheet with Brookfield. MUMBAI, Oct 14- India's Reliance Communications is selling a 51 percent stake in its tower assets to Canada's Brookfield Infrastructure Group for 110 billion rupees, in a deal that will help cut the phone carrier's huge debt. Reliance Communications will use the proceeds of the deal with...

  • The company said it would buy Ritmo Investments, the controlling shareholder of Parati S/A, Afical Ltda and Pádua Ltda, collectively known as Parati Group. Parati Group, the maker of Parati, Pádua, Minueto, Zoo Cartoon and Hot Cracker biscuits, has five distribution centers and two production facilities in Brazil, Kellogg said. "Parati Group is an excellent...

  • MOSCOW, Oct 12- The Russian government's sale of a controlling stake in mid-sized oil firm Bashneft to the country's largest oil producer Rosneft should give momentum to Russia's privatization drive, President Vladimir Putin said on Wednesday. The Economy Ministry said that the government had completed the sale of the Bashneft stake to Kremlin-owned...

  • MOSCOW, Oct 12- The Russian government's sale of a controlling stake in mid-sized oil firm Bashneft to the country's largest oil producer Rosneft should give momentum to Russia's privatisation drive, President Vladimir Putin said on Wednesday. The Economy Ministry said that the government had completed the sale of the Bashneft stake to Kremlin-owned...

  • LONDON/ PARIS, Oct 12- A sharp rise in sugar prices this year has helped transform the outlook for Brazil's sugar industry with the future now bright for a sector which suffered many closures and bankruptcies in recent years, the CEO of Louis Dreyfus said on Wednesday. International commodities trader Louis Dreyfus has a controlling interest in Brazil's Biosev...

  • LONDON, Oct 11- Polish billionaire Sebastian Kulczyk said he could use some of the proceeds from the sale of his 1.5 percent stake in SABMiller to bid for the brewer's central and eastern European assets and to create a world-renowned Polish IT company. The steep fall in sterling after Britain's vote in June to leave the European Union has reduced the value of...

  • BANGKOK, Oct 11- Thai Union Group PCL, the world's biggest producer of canned tuna, said it has bought a minority stake in U.S. seafood chain Red Lobster Seafood Restaurants in a $575 million deal to expand in the United States, its biggest market. Private equity firm Golden Gate Capital will remain Red Lobster's majority owner and retain operational control, Thai...

  • DAKAR, Oct 10- Mining giant Rio Tinto said on Monday that the International Finance Corporation, a partner in its $20 billion Simandou iron ore project in Guinea, is selling its 4.6 percent stake. Rio has a 46.6 percent stake in the project; China's Chinalco has 41.3 percent and the Guinea government has 7.5 percent. The West African country is counting on the...

  • Oct 10- Thai Union Group PCL, the world's biggest producer of canned tuna, said on Monday it had bought a minority stake in U.S. seafood chain Red Lobster Seafood Restaurants for $575 million to expand in the United States, its biggest market. Private equity firm Golden Gate Capital will remain Red Lobster's majority owner and retain operational control, Thai...

  • MOSCOW, Oct 7- Russia's top oil producer Rosneft will not sell foreign currency to buy a controlling stake in mid-sized oil company Bashneft and already has sufficient funds for the deal, Russia's Interfax news agency reported on Friday.

  • HANOI, Oct 7- Vietnam's government will list all its shares of top state-owned brewers Sabeco and Habeco on local stock exchanges before considering if any foreign beer makers or other investors can take a controlling stake, a senior government official said. Vietnam's government is seeking to fully divest its 89.6 percent ownership in No.1 local beer firm...

  • BERLIN, Oct 7- Germany's BDI business association and the finance ministry have no comment on a report that top German companies are mulling an equity stake in Deutsche Bank, spokespeople said on Friday.

  • HANOI, Oct 7- Vietnam's government will list all its shares of top state-owned brewers, Sabeco and Habeco, on local stock exchanges before considering allowing any international industrial buyer to take a controlling stake, a senior industry and trade ministry official said. The government, which owns an estimated $2.2 billion worth of shares in the firms,...

  • Oct 6- Pfizer Inc said on Thursday it would sell its global infusion therapy business to ICU Medical Inc for $1 billion in cash and stock that will give it a major stake in the smaller company. Pfizer had acquired the hospital infusion system business, which has annual sales of about $1.2 billion, through its $15 billion purchase in September 2015 of Hospira, which...

  • Oct 6- H&R Real Estate Investment Trust said it agreed to sell 50 percent of its non-managing interest in TransCanada Tower in Calgary, Alberta to a unit of Healthcare of Ontario Pension Plan for about C $257.4 million. H&R REIT said it would use proceeds from the sale to HOOPP Realty Inc to reduce debt. The company said on Thursday it expects to complete the sale of...

  • MOSCOW, Oct 6- Russian oil producer Rosneft may pay up to 330 billion roubles for a controlling stake in mid-sized oil company Bashneft, Interfax news agency cited two sources familiar with the planned deal as saying on Thursday.