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Mergers and Acquisitions Divestments

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • AMSTERDAM, Nov 29- The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. "I think demergers and the destruction of conglomerates is the next major trend in the M&A market," said Christer Gardell, co-founder of Cevian, a Swedish-based...

  • LONDON, Nov 25- Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February.. Bids for the Gabon fields, which one source estimated could be worth around $700 million, were due in June. Shell has been operating in...

  • LONDON, Nov 25- Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February.. Bids for the Gabon fields, which one source estimated could be worth around $700 million, were due in June. Shell has been operating in...

  • *Divestment among requirements to extend Freeport contract. Under a 2014 memorandum of understanding with the government, Freeport agreed to divest a 30 percent stake by 2019 and invest in domestic processing to win an extension of its contract beyond 2021.. The government already has a 9.36 percent stake in Freeport's Indonesian operations, and had hoped to...

  • SYDNEY/ SINGAPORE/ TOKYO, Nov 18- Australia and New Zealand Banking Group's sale of its life insurance and wealth unit is attracting interest from Japan's Meiji Yasuda and Hong Kong- based AIA Group, according to people familiar with the situation. Meiji Yasuda, Japan's third-largest private sector insurer by assets, is attracted to ANZ's wealth business as well...

  • SAO PAULO, Nov 17- Brazil's Petroleo Brasileiro SA has approved the sale of its liquefied petroleum gas unit to Ultrapar Participações SA, as Brazil's state-controlled firm disposes of assets to reduce the largest debt burden among global oil producers. In a securities filing on Thursday, Petrobras said its board approved the sale of Liquigás...

  • Citi's Institutional Clients Group advised the bank on the deal. National Bank Financial Inc was lead financial adviser to JC Flowers and Värde. Barclays Capital also served as financial adviser to the buyers.

  • MILAN, Nov 15- Mediaset's production unit, Medusa, said on Tuesday it had sold exclusive pay-TV rights to rival Sky Italia to air its Italian movies in the upcoming 2016-2017 season. Loss-making Premium is at the centre of a legal battle between Mediaset, owned by former Prime Minister Silvio Berlusconi, and Vivendi after the French group backed out of a deal to buy...

  • VIENNA, Nov 8- OMV said it is selling its UK business to Siccar Point Energy for up to $1 billion, putting an end to the Austrian oil and gas group's exploration activities in Britain as it seeks to escape high costs in areas such as the North Sea. The firm's Chief Executive Rainer Seele is unwinding a strategy set by his predecessor, who bought North Sea assets in 2013...

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. Reuters reported exclusively last month that BC Partners was in the pole position to acquire the portfolio.

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. CenturyLink, which operates data centers that provide broadband, voice, video, data and managed services in North America, Europe...

  • Nov 2- American International Group Inc, the largest commercial insurer in the United States and Canada, reported a net income versus a loss last year, when tumultuous markets gutted returns from its investments. The company, which has been under pressure from shareholders, including billionaire Carl Icahn, to cut expenses and divest businesses, slashed total...

  • *Sale of Salix could raise as much as $10 bln, say sources. Nov 1- Canada's Valeant Pharmaceuticals International Inc said on Tuesday it is in talks with third parties to sell its Salix stomach-drug business and other assets. The deal could raise as much as $10 billion for the indebted drugmaker, the people said, asking not to be identified because the discussions...

  • Nov 1- Canada's Valeant Pharmaceuticals International Inc said on Tuesday it is in talks with third parties to sell its Salix stomach-drug business and other assets. Salix Pharmaceuticals makes treatments for disorders such as irritable bowel syndrome and diarrhea. Valeant, which has a market value of $6 billion, has an overall debt pile of about $30 billion.

  • Nov 1- Canada's Valeant Pharmaceuticals International Inc said it is in talks with third parties to sell its Salix stomach-drug business and other assets. Salix Pharmaceuticals makes treatments for disorders such as irritable bowel syndrome and diarrhea. Valeant, which has a market value of $6 billion, has an overall debt pile of about $30 billion.

  • Nov 1- Valeant Pharmaceuticals International Inc is in talks to sell its Salix stomach-drug business to Japan's Takeda Pharmaceutical Co Ltd, according to people familiar with the matter. News of the talks was first reported by the Wall Street Journal. Its new chief executive officer, Joseph Papa, has committed to selling around $8 billion in non-core assets to...

  • Nov 1- Power producer NextEra Energy Inc said on Tuesday it would sell its fiber-optic telecommunications business to Crown Castle International Corp for $1.5 billion in cash. The unit, FiberNet, delivers telecommunications services in Florida, Texas and parts of South Central United States. The company's customers include AT&T, T-Mobile, Verizon Wireless, a...

  • BRASILIA, Oct 27- Brazilian miner Vale SA will go ahead with the sale of its fertilizer business after its board of directors gave its approval, the newspaper Valor Economico reported on Thursday. Reuters reported on Oct. 5 that Brazil's global mining company was negotiating the sale of the business with Mosaic and Yara for at least $3.6 billion.

  • *Reports 4th- qtr adj. profit of $1.07/ shr vs est. Forecasts FY adj. profit of $4.85- $5.20/ shr, includes Rite Aid. The No. 1 U.S. drugstore operator by store count said it expected to divest the 500-1,000 stores it needs to shed to win approval for the $9.4 billion acquisition by the end of 2016, and now expects the deal to close on Jan. 27.