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Mergers and Acquisitions Divestments

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  • Goldman Sachs sells Colombia coal unit to Murray Energy Thursday, 13 Aug 2015 | 7:03 PM ET

    NEW YORK, Aug 13- Goldman Sachs has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday, concluding the Wall Street giant's divestment of physical commodity assets. Ohio- based coal giant Murray Energy has acquired Colombia Natural Resources, which includes two surface mines, three undeveloped mines...

  • Aug 11- General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion. Citigroup Global Markets and J.P. Morgan Securities LLC advised GE and Hogan Lovells US LLP was the legal adviser. Credit Suisse and Wells Fargo Securities were financial advisers to Capital One and Wachtell,...

  • Aug 11- Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S. leveraged buyout this year, will give Symantec much-needed cash to compete better in the fast-growing cybersecurity...

  • Aug 11- Software security company Symantec Corp has agreed to sell its data storage business Veritas to private equity firm Carlyle Group LP, according to a person familiar with the matter. A deal could be announced as soon as Tuesday, when Symantec is due to report its quarterly earnings, the person said, asking not to be named because the matter is private.

  • MEXICO CITY, Aug 6- Mexico's Grupo Aeroportuario del Centro Norte said on Thursday a unit of construction firm ICA had sold a 2.9 percent stake in the airport operator. OMA's stock closed down 4.35 percent at 83.62 pesos per share. At OMA's closing price on Thursday, the shares sold by Aeroinvest would have been worth some 968.43 million pesos according to Reuters...

  • *HSBC to sell Brazil unit to Bradesco for $5.2 bln. HONG KONG, Aug 3- HSBC Holdings beat expectations with a 10 percent rise in first-half profit on Monday, driven by a strong performance in Hong Kong, and said it had agreed the sale of its unprofitable Brazilian unit. HSBC has become increasingly reliant on Hong Kong for profits as its businesses in Europe, the United...

  • European shares steady, Greek markets set to reopen Monday, 3 Aug 2015 | 3:11 AM ET

    LONDON, Aug 3- European shares were steady on Monday as strong results from HSBC and Commerzbank offset the impact of weak Chinese economic data, with the reopening of the Greek bourse also in focus. HSBC rose 1.5 percent after the bank reported higher first-half earnings and announced the sale of its Brazilian unit to Banco Bradesco SA for $5.2 billion..

  • *HSBC to sell Brazil unit for $5.2 bln. HONG KONG, Aug 3- HSBC Holdings said its first-half profit climbed a better than expected 10 percent, driven by a strong performance in Hong Kong that comes as the bank considers moving its headquarters to the Asian financial hub. HSBC also announced on Monday the sale of its Brazil unit to Banco Bradesco SA, the country's...

  • HONG KONG, Aug 3- HSBC Holdings reported a 10 percent increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub. HSBC also announced the sale of its Brazil unit to Banco Bradesco SA, the country's second-biggest private-sector bank, for 17.6...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • July 28- ConAgra Foods Inc has started talks with TreeHouse Foods Inc and Post Holdings Inc regarding the sale of its private label unit Ralcorp, which could be valued at around $3.5 billion, according to people familiar with the matter. TreeHouse, Post, and private equity firms that include Apollo Global Management LLC and Cerberus Capital Management LP have...

  • ISTANBUL, July 22- HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million- $750 million in the next few days, two people familiar with the matter told Reuters on Wednesday. Acquiring HSBC's business would allow ING to roughly double its around $15 billion of assets in Turkey, putting it on better footing in a highly...

  • *Platinum price hits 6 year low, complicating divestment. JOHANNESBURG, July 20- Tumbling metals prices are delaying Anglo American Platinum's plan to divest its labour-intensive Rustenburg and Union operations, with the South African miner yet to decide between a sale or flotation, it said on Monday. Amplats' chief executive Chris Griffith said an initial...

  • UPDATE 3-EBay sells enterprise unit ahead of PayPal split Thursday, 16 Jul 2015 | 10:00 AM ET

    July 16- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also reported a better-than-expected quarterly profit and boosted its share buyback plan by $1 billion,...

  • July 15- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also announced an additional $1 billion share buyback program, were up 3 percent at $65.37 in premarket...

  • UK regulator to examine separation of BT network unit Thursday, 16 Jul 2015 | 2:20 AM ET

    LONDON, July 16- The British telecoms regulator said BT could be made to spin off its networks unit, which wholesales capacity to rivals like Sky and TalkTalk, to boost competition in the broadband market for consumers and businesses. Forcing BT to divest Openreach is one option being considering by Ofcom in its biggest review of the British communications...

  • July 15- E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, the Wall Street Journal reported. Earlier this month, people familiar with the matter told Reuters that private equity firm Thomas H. Lee Partners LP was in talks to buy eBay's enterprise unit for close to...

  • July 15- E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private-equity firm Permira for about $900 million, the Wall Street Journal reported, citing people familiar with the matter. The deal could be announced by Thursday, along with the company's second-quarter results, the Journal reported.

  • July 9- As United Technologies Corp nears a decision on how it will divest its Sikorsky helicopter division, the U.S. conglomerate faces challenges to its financial outlook that may limit the lift to its stock in the near term. Stock market upheaval in China and stalled sales at some of its businesses also darken the horizon. In an analyst meeting last month, it...

  • The combined company is expected to have annual revenue of more than $10 billion- double Coty's turnover- and will be led by Coty CEO Bart Becht. JAB Cosmetics B.V., which owns 97 percent of Coty's Class B shares, is in favor of the deal, Coty said. Coty said the deal valued the P&G Beauty Business at $12.5 billion at the time of the proposal, based on the number of Coty basic...