Mergers and Acquisitions Divestments

More

  • Nov 2- ConAgra Foods Inc said it would sell its private brands unit to food company TreeHouse Foods Inc for $2.7 billion, just two years after picking up the business. TreeHouse, which will become the No. 1 private-label food manufacturer in the United States after the deal, said it would fund the cash transaction with $1.8 billion in new debt and about $1.0 billion...

  • *Deal with Sony worth around Y20 bln- Toshiba source. TOKYO, Oct 28- Japan's Toshiba Corp said on Wednesday it will sell its image sensor business to Sony Corp and overhaul its unprofitable semiconductor businesses as it works to recover from a $1.3 billion accounting scandal. Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony...

  • SYDNEY, Oct 28- National Australia Bank, the country's No.1 lender by assets, on Wednesday posted a 15.5 percent rise in annual profit and confirmed it would sell 80 percent of its insurance unit to Japan's Nippon Life Insurance Co for A $2.4 billion. NAB also announced it would spin off and sell its under-performing UK operations, Clydesdale Bank and Yorkshire...

  • BRIEF-BP SAY EXPECTS TO AGREE A FURTHER $3- 5 BLN DIVESTMENTS. *Charge of $426 million for incident was taken in quarter, bringing total cumulative pre-tax charge to $55.0 billion. *BP expects to agree a further $3- 5 billion divestments in 2016 before returning to a rate of around $2- 3 billion a year thereafter.

  • *Minister says nickel miner Aneka Tambang could take stake. JAKARTA, Oct 21- One of two Indonesian government-owned companies, miner Aneka Tambang or aluminium producer PT Inalum, should buy the stake that Freeport-McMoran's plans to divest in its Indonesian unit, the country's state-owned enterprise minister said. The comments from SOE Minister Rini...

  • BUENOS AIRES/ MILAN, Oct 16- Argentina's telecoms regulator has blocked the sale of Telecom Italia's local business to investment firm Fintech, halting a $960 million deal that could help the Italian phone group cut its large debt. Telecom Italia said on Friday that Fintech had indicated it planned to appeal against the decision. Telecom Italia agreed in...

  • Diageo sells US, UK wine interests for $552 million Wednesday, 14 Oct 2015 | 2:16 AM ET

    LONDON, Oct 14- Drinks group Diageo has agreed the $552 million sale of its major wine interests to Treasury Wine Estates, it said on Wednesday, as part of its drive to shed non-core assets. It said the deal is for its United States based Chateau and Estate Wines and the British based Percy Fox businesses. Diageo plans to use net proceeds of about 320 million pounds...

  • Oct 13- General Electric Co said it will sell its commercial lending and leasing businesses worth more than $30 billion to Wells Fargo& Co as the industrial conglomerate shifts its focus back on the manufacturing businesses. The sale is part of a plan announced in April to sell off some $200 billion in GE Capital financing assets, setting off a series of...

  • SHANGHAI, Oct 9- A unit of conglomerate China Resources Corp plans to sell minority stakes it holds in 21 Wal-Mart Stores Inc outlets around China, a spokesman for the U.S. retailer told Reuters on Friday. Wal-Mart, France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years in China, losing market share to local rivals,...

  • FRANKFURT, Oct 7- Deutsche Bank is bracing for a pre-tax loss of 6 billion euros for the third quarter, because of massive writedowns at its investment banking unit and its Postbank retail bank, which it plans to divest. It will also take an impairment on the stake it owns in China's Hua Xia Bank Co. Ltd and will set aside more money for litigation, Deutsche Bank said in...

  • *New Hope Corp buys 40 pct stake for $606 million. *Glencore once seen as potential suitor. SYDNEY, Sept 30- Global miner Rio Tinto on Wednesday said it had agreed to sell its 40 percent stake in the Bengalla coal mine in Australia to New Hope Corp for $606 million, the latest shuffle of Australian coal assets amid a sector-wide downturn.

  • LONDON/ JOHANNESBURG, Sept 29- Debt-laden Glencore may unload all its agricultural assets instead of just a stake, analysts said, but the commodity group is unlikely to expand its divestment programme to include top mines. On Tuesday, Glencore shares bounced and the group said it was "operationally and financially robust". Earlier this month, Glencore outlined a...

  • *Syngenta has announced plans to buy back over $2 bln of shares. FRANKFURT, Sept 16- Swiss agricultural chemicals group Syngenta is about to launch the sale of its vegetable seeds business as it seeks to raise money for a share buyback, according to sources familiar with the matter. Syngenta and JP Morgan declined to comment.

  • ZURICH, Sept 9- Switzerland's ABB cut its revenue growth target on Wednesday and said it was accelerating a $1 billion cost-savings programme as the company grapples with low oil prices and a slowdown in China. His efforts have been complicated by the slowdown in China, ABB's second-biggest market, and a precipitous fall in oil prices that has dented the...

  • LONDON/ SEOUL, Sept 7- Britain's Tesco has agreed to sell its South Korean business to a group led by private equity firm MBK Partners for $6.1 billion, the supermarket company said on Monday, making its first major disposal since it hit financial difficulties. Seeking to raise funds to cut debt and focus on its troubled domestic business, Tesco said it would sell...

  • LONDON, Sept 7- Britain's Tesco has agreed to sell its South Korean unit to a group led by private equity firm MBK Partners for 4 billion pounds, it said on Monday, in its first major disposal since it hit financial difficulties. Tesco said in a statement the sale of Homeplus, its biggest overseas unit, to a group of investors led by MBK and including the Canada Pension...

  • HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...

  • Aug 18- Citigroup Inc is selling its alternative investor services business to financial technology provider SS&C Technologies Holdings Inc for $425 million, subject to adjustments. Citi, the No. 3 U.S. bank by assets, has been hiving off non-core assets to focus on wealthier clients. Financial terms of the transaction are not material to the bank, Citi said in a...

  • Aug 18- Citigroup Inc said it will sell its alternative investor services business to financial technology provider SS&C Technologies Holdings Inc.. The financial terms of the transaction are not material to the bank, Citigroup said on Tuesday. SS&C said in a separate statement that it would pay $425 million for the unit, subject to certain adjustments.

  • Kodak Selling Two Businesses to UK Pension Fund Monday, 29 Apr 2013 | 11:29 AM ET

    The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.