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Industrial Conglomerates

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  • DUBAI, July 3- Dubai World, one of the emirate's big state-owned conglomerates, has made a second early repayment worth around $300 million under its $25 billion debt restructuring plan, sources familiar with the matter said on Thursday.

  • TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • HONG KONG/ SEOUL, July 2- Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

  • UPDATE 1-Alstom minority investors criticise GE deal Tuesday, 1 Jul 2014 | 2:54 PM ET

    *Say they lack information on valuation of Alstom's assets. PARIS, July 1- Minority shareholders in Alstom criticised its planned tie-up with General Electric, saying they had not been given enough information, and some voiced concern about the French government's influence as a result of the deal.

  • Under Chief Executive Frans van Houten, the Dutch company- which started out 120 years ago as a pioneer in electric lighting- has been shifting away from the consumer electronics sector in a restructuring which has involved more than 5,000 job cuts and the sale of its television business.

  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • NEW YORK, June 26- Activist investment firm Relational Investors LLC has amassed a roughly 8.5 percent stake in Manitowoc Co Inc and is urging the crane and food equipment company to break itself up, according to people familiar with the matter.

  • SYDNEY, June 24- Australian billionaire Solomon Lew effectively ended a 17- year standoff with South Africa's Woolworths Holdings Ltd on Tuesday with a deal that will have the department store firm buy him out of two investments at a massive profit.

  • PARIS, June 23- French conglomerates Alstom and Vinci signed a 2 billion euro deal with Qatar on Monday to build a tram system in the future Lusail City, while the two countries also discussed a possible defense contract.

  • INSIGHT-Alstom loss is PR win for new Siemens chief Monday, 23 Jun 2014 | 8:44 AM ET

    *Siemens CEO earns praise for shrewd moves in Alstom battle. On Friday, the French government announced it had chosen U.S. conglomerate General Electric over Siemens and its bidding partner Mitsubishi Heavy Industries in the contest to acquire the energy assets of Alstom.

  • *Alstom to get $10 bln in cash as part of GE deal. PARIS, June 23- France will be making a sound investment by taking a stake in Alstom, its chief executive said on Monday, adding however that the government would be buying in too late to have a say in the use of proceeds from its tie-up with General Electric.

  • Merkel ally criticises French over Alstom deal Monday, 23 Jun 2014 | 4:32 AM ET

    BERLIN, June 23- A conservative ally of Chancellor Angela Merkel accused France on Monday of showing "ice-cold" national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy a large stake in the French firm.

  • Merkel ally criticizes French over Alstom deal Monday, 23 Jun 2014 | 4:32 AM ET

    BERLIN, June 23- A conservative ally of Chancellor Angela Merkel accused France on Monday of showing "ice-cold" national interests in choosing GE over Siemens for an alliance with Alstom, and also questioned whether Paris had the fiscal leeway to buy a large stake in the French firm.

  • *To buy GE Money Bank for 700 million euros. MADRID, June 23- Spain's Santander is buying GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros in its latest move to diversify away from its struggling domestic market.

  • *France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.

  • ATHENS, June 20- China wants to invest in Greece's airports, railways and its busiest port, the two countries said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.

  • Greece seeks role as China's gateway to Europe Friday, 20 Jun 2014 | 11:29 AM ET

    ATHENS, June 20- China wants to invest in Greek airports and railways as well as the busiest port, officials said on Friday, as the country where the euro debt crisis began seeks a role as China's gateway into Europe.

  • PARIS/ FRANKFURT, June 20- Siemens and Mitsubishi Heavy Industries raised their offer for Alstom's energy arm on Friday, challenging a revamped bid by General Electric as the deadline for a decision nears. This values Alstom's power businesses at 14.6 billion euros, Siemens said, 400 million more than previously and still well above GE's 12.4 billion.

  • UPDATE 4-GE reshapes Alstom offer to appease France Thursday, 19 Jun 2014 | 8:34 PM ET

    *GE to sell rail signalling unit to Alstom. *Alstom board to decide by Monday, no Alstom comment. PARIS, June 19- General Electric revised its bid for the power arm of Alstom on Thursday, offering alliances in energy and rail to appease the French government and beat a rival proposal by Siemens and Mitsubishi Heavy Industries.