Mergers and Acquisitions Divestments

  • SYDNEY, Dec 28- Australian supermarket giant Woolworths Ltd is selling its chain of petrol stations to BP plc for A $1.8 billion in cash, Woolworths said in a statement on Wednesday. "The release of $1.785 billion from the sale will be used to strengthen our balance sheet and reinvest in our core businesses," Woolworths Chief Executive Brad Banducci said in the...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed purchase of medical device maker St. Jude Medical Inc, the Federal Trade Commission said on Tuesday. Abbott has agreed to divest two medical device businesses to settle FTC charges that the $25 billion acquisition of St.

  • SAO PAULO, Dec 22- Hypermarcas SA, Brazil's largest producer of generic drugs, confirmed on Thursday it is in talks to sell its diaper business to Belgium's Ontex Group NV. Hypermarcas said it has not yet filed any binding agreement for the sale. Ontex had earlier confirmed it is in advanced talks for the unit.

  • SAO PAULO, Dec 22- Hypermarcas SA, Brazil's most diversified pharmaceutical firm, has agreed to sell a diaper business to Belgium's Ontex Group NV for about 1 billion reais in cash, a person with knowledge of the transaction said on Wednesday. Reuters reported in October last year that Hypermarcas had offered the unit to Kimberly-Clark Corp, Chile's Empresas...

  • *Dubai market trades in narrow range, low volume. *Egypt's Orascom Telecom rebounds on divestment news. DUBAI, Dec 21- Saudi Arabia's stock market rose on Wednesday on the eve of the government's release of its 2017 budget, and Egypt's extended a bull run fuelled by foreign money and last month's float of the Egyptian pound.

  • *LSE says sale to Euronext subject to European Commission review. London Stock Exchange Group Plc and Deutsche Boerse said on Tuesday that LSE was in discussions about selling the French subsidiary of LCH.Clearnet to address anti-trust concerns raised by the European Commission in relation to their planned merger. LSE and Deutsche Boerse also hope that...

  • SAO PAULO, Dec 15- Brazil's oil company Petróleo Brasileiro SA has agreed to sell its 49 percent stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras said in the filing that it will attribute a $133 million value to the deal. The sale is one of the five...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • Dec 14- General Electric Co said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses. The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously announced sale of its water business, GE said in an investor...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of RTE, the company's high-voltage power grid unit, to state bank Caisse des Depots, the companies said in a statement. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020, in an effort to reduce debt and free funds for the utility's 18 billion-pound project...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office that...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of the firm's high-voltage power grid unit RTE to state bank Caisse des Depots, a source familiar with the situation said. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020 in a bid to reduce debt and free up funds for the utility's 18 billion pound project...

  • PARIS, Dec 14- EDF's board has approved the partial sale of the French state-controlled utility's high-voltage power grid to state bank Caisse des Depots, a source familiar with the situation said on Wednesday. "The partial sale of RTE has been approved by a majority of the board," the source said. In July, EDF had entered exclusive talks with state-owned bank Caisse...

  • Dec 8- 3 M Co, the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam- based digital security company Gemalto for $850 million. "We believe that the identity management business will be better positioned with a company that is primarily focused on security solutions," the company's vice...

  • 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...

  • 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...

  • SAO PAULO, Dec 5- A Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program that...