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Mergers and Acquisitions Divestments

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. "McDonald's globally overall is struggling and didn't have the money or intellectual resources to focus on China," said...

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell a majority stake in its China and Hong Kong businesses to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, part of its efforts to switch to a less capital-intensive business model. The fast food chain company operates owns most of its 2,400 restaurants in mainland China as well as...

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...

  • Jan 3- U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million. SM Energy has been trying to boost its presence in the Permian basin in west Texas and eastern New Mexico, while divesting assets elsewhere. The company said in October it would buy 35,700 net acres in west...

  • SAO PAULO, Dec 28- Brazil's state-run oil company, Petroleo Brasileiro SA, on Wednesday announced the sale of ethanol and petrochemicals assets for $587 million, but said it would still fall $1.5 billion short of its divestment target for the 2015-2016 period. Among the assets sold were its 46 percent stake in ethanol producer Guarani SA, which was acquired for...

  • WASHINGTON, Dec 28- German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission said on Wednesday. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5 billion...

  • WASHINGTON, Dec 28- The U.S. Federal Trade Commission said on Wednesday that German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle FTC charges that a proposed asset swap with Sanofi would harm competition. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5...

  • 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...