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Mergers and Acquisitions Buyins and Buyouts

  • ABU DHABI, Sept 28- China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday. The bulk of China's trade with the United Arab Emirates currently goes through Dubai, the regional hub, but Abu Dhabi is...

  • HONG KONG/ MUMBAI, Sept 28- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market. He added Wal-Mart and Flipkart were also contemplating a collaboration that would see them leverage...

  • EXCLUSIVE- SPAIN'S PUIG SIGNED STAKE PURCHASE DEAL WITH BRAZIL'S GRANADO EARLIER ON TUESDAY, SOURCES SAY.

  • *Neoen wants to raise 200- 300 mln euros in capital increase. In December, it stole a march on EDF by opening a 300 megawatt solar farm- Europe's biggest- near Bordeaux, which will sell power more cheaply than the new nuclear reactors EDF plans to build in Hinkley Point, Britain. To fund this, it is considering a 200- 300 million euro capital increase.

  • SANTIAGO, Sept 23- Brazil's Amaro family, one of the main controllers of LATAM Airlines, sold a 6.47 percent stake in the regional carrier on Friday on the Santiago stock exchange for some $296 million, as part of a strategy to modify the company's ownership structure. On Thursday, the Amaros and Cueto families agreed to modify their ownership structure in Latin...

  • Sept 23- A consortium including Brookfield Infrastructure said it agreed to buy a 90 percent stake in the operator of a natural gas transmission system in Brazil from Petróleo Brasileiro SA for about $5.2 billion. Brookfield-managed entities will hold a controlling interest in the consortium, which also includes China's CIC Capital Corp and Singapore's...

  • LISBON, Sept 21- Banco BPI has proposed selling a 2 percent stake in its Angolan unit in a last-ditch bid to secure a takeover by Spain's Caixabank, which has been blocked by Isabel dos Santos, who has a stake of about 20 percent in the Portuguese bank. This limit has so far allowed dos Santos, daughter of Angola's president, to fend off Caixabank's bid to control...

  • JAKARTA, Sept 19- Indonesia's PT Medco Energi Tbk said on Monday it had agreed to acquire ConocoPhillips' entire 40 percent interest in an oil and gas production sharing block that the U.S. firm operates in the Natuna Sea. Medco's announcement, which confirmed a Reuters report on Friday, did not disclose the value of the purchase. Medco's acquisition of...

  • TORONTO, Sept 15- Canadian base metals miner Lundin Mining Corp has won a two week extension until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine, Lundin said in a statement on Thursday. Lundin, previously granted an extension to Sept. 15, said it continues to review, with legal and financial advisors, its ownership in the...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • *Britain will be able to block sale of EDF's controlling stake. LONDON, Sept 15- Britain gave the go-ahead on Thursday for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signaling a more cautious approach to foreign investment in critical infrastructure projects. The government of new Prime...

  • PARIS, Sept 12- South Korean power utility Kepco in talks with Japan's Toshiba and France's Engie about buying a stake in the Toshiba-Engie British nuclear joint venture NuGen, a source familiar with the situation told Reuters on Monday. The NuGen consortium is competing with French power utility EDF's 18 billion pound Hinkley C project in Somerset, southwest...

  • TOKYO, Sept 9- Private equity firms KKR, Bain Capital and MBK Partners are set to submit second-rounds bids to buy Japanese auto parts maker Calsonic Kansei Corp, which has a market value of $2.4 billion, people with direct knowledge of the matter told Thomson Reuters LPC. The buyout firms will bid for Nissan Motor Co's 41 percent stake in Calsonic, which Japan's...

  • SHANGHAI/ HONG KONG, Sept 7- Societe Generale is in talks to sell its 49 percent stake in a mutual fund joint venture with China's Baosteel Group to global private equity firm Warburg Pincus, according to people familiar with the matter. In 2003, it teamed up with state-owned Baosteel Group, which operates China's second-largest steelmaker, to create joint...

  • SOCIETE GENERALE IN TALKS TO SELL 49 PCT STAKE IN CHINA FUND MANAGEMENT VENTURE TO WARBURG PINCUS- SOURCES.

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission was taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co has postponed its acquisition of Showa Shell Sekiyu shares as regulatory approval is taking longer than expected- a delay that comes amid uncertain prospects for the deal due to a spat with the Idemitsu founding family. Public broadcaster NHK reported the review by Japan's Fair Trade Commission is taking time...

  • TOKYO, Sept 7- Japanese refiner Idemitsu Kosan Co Ltd has postponed its planned acquisition of Showa Shell Sekiyu KK shares to October or November this year from this month as regulatory approval is taking longer than expected. Public broadcaster NHK reported earlier that the review by Japan's Fair Trade Commission is taking time as it is also reviewing...

  • *To pay $15.76 per share, 12 pct premium. *Navistar sees at least $500 mln in savings over first 5 years. CHICAGO/ FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a stake in the U.S. firm, giving the German company a long-sought foothold in North America and providing cash-strapped Navistar a...

  • *To pay $15.76 per share, 12 pct premium. FRANKFURT, Sept 6- Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a 16.6 percent stake in the U.S. firm for $256 million, as global truck makers face steep development costs to meet global anti-pollution rules. To cement the new alliance Volkswagen will pay $15.76 a...