Mergers and Acquisitions Divestments

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  • Analysts value unit at around 5 billion euros. *Philips Group will now focus on Healthcare operations. AMSTERDAM, May 3- Philips plans to sell at least 25 percent of its lighting business, the world's largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said on Tuesday.

  • AIG sold a chunk of its stake in China's PICC for $1.25 billion, joining other big financial companies in stepping away from holdings on the mainland.

  • *Central beats rival TCC to win Vietnam business. *Vietnam deal takes Casino asset sales to 4.2 bln euros. Casino, facing weak markets in Brazil and fierce competition in France, has said it aimed to raise around 4 billion euros this year by selling off businesses in Thailand and Vietnam plus the sale of real estate assets in Latin America.

  • *Central beats rival TCC to win Vietnam business. *Thai tycoons jostle for deals in Vietnam. SINGAPORE/ BANGKOK, April 29- France's Casino Group agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, giving the retailer respite from a debt pile that pushed its credit rating to junk.

  • SINGAPORE/ BANGKOK, April 29- France's Casino Group has agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, the retailer said on Friday confirming an earlier Reuters story. Central Group, controlled by business family Chirathivat with interests in real estate, department stores and retailing, beat rival Thai...

  • LONDON, April 28- Anglo American has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for $1.5 billion in cash, it said on Thursday, as it seeks to cut debt in a radical restructuring of the global mining group. Anglo American shares rose more than 8 percent, outperforming the sector as analysts said the price was higher than...

  • LONDON, April 28- Anglo American has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for $1.5 billion in cash, it said on Thursday, as it seeks to cut debt in a radical restructuring of the global mining group. Anglo American shares rose more than 3 percent in early trade as analysts said the price was higher than expected and boded...

  • LONDON, April 28- Tata Steel is not prepared to split up its main British assets, such as its Port Talbot steel plant, as part of a plan to divest its UK steelmaking operations, UK CEO Bimlendra Jha told a committee of lawmakers on Thursday. "We would not deal with... somebody saying leave alone Port Talbot and give us the rest- that is not a solution that's acceptable," said...

  • Freeport, which had a total of 34,500 employees as of Dec. 31, reported another loss for the first quarter and said it expected to record a charge of about $40 million in the second quarter related to the job cuts and other restructuring costs. The net loss attributable to common stockholders was $4.18 billion, or $3.35 per share, compared with a loss of $2.47 billion,...

  • *Divestment of near $14 bln stake not imminent- sources. LONDON/ ZURICH, April 25- Novartis is discussing options with banks for selling its near $14 billion stake in rival Roche, potentially providing cash for new deals, though a sale is not imminent, according to two people familiar with the situation. Novartis built up its one-third stake in Roche's voting stock...

  • April 15- McGraw-Hill Financial Inc said it would sell car rating unit J.D. Power and Associates to China- based buyout firm XIO Group for $1.1 billion. Reuters reported this month that XIO Group was seeking to buy J.D. Power, which provides data on performance improvement and customer satisfaction, mainly for the auto and advertising industries.

  • The group has operations in 16 African nations, including Kenya, and offers services via correspondent banks in 22 more markets in Africa, where sliding commodities prices have put the brakes on previously strong growth. "We see Africa as an opportunity to invest rather than exit or divest," Standard Chartered Chairman John Peace told Reuters in Nairobi, adding...

  • 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...

  • 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,...

  • 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.

  • PARIS, March 30- Orange and Bouygues will extend their talks on the future of Bouygues's telecom unit beyond the set deadline of March 31 because key issues of value and governance remain unresolved, two sources close to the matter said on Wednesday. The 10 billion-euro potential acquisition of Bouygues Telecom by France's former state monopoly Orange would...

  • The Virgin Australia Holdings Ltd. logo is displayed on the tail of an Airbus SAS A330 aircraft at Sydney Airport in Sydney, Australia, on Monday, Aug. 17, 2015.

    Air New Zealand, the biggest shareholder in Virgin Australia Holdings, said on Wednesday it is considering selling its 25.9 percent holding.

  • March 27- Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of...

  • *Possible sale of near 20 pct stake in Yum China- sources. Yum plans to spin off its 6,900 restaurants in China, which account for about half of the company's total sales, by the end of 2016. Yum China will list on the New York Stock Exchange, and possibly in Hong Kong. Yum Brands Inc, the home of KFC and Pizza Hut, has been falling behind rival McDonald's Corp as the pair...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, the Wall Street Journal reported, citing people familiar with the matter. The KFC and Pizza Hut owner is planning to spin off Yum China by the end of 2016 and list it on the New...