AMC Entertainment said that it plans to use the offering's net proceeds mostly to retire outstanding debt. AMC Entertainment was purchased by Chinese conglomerate Dalian Wanda Group Co. in September 2012 in a $2.6 billion deal. AMC Entertainment owned, operated or held interests in 343 theaters in North America as of Sept. 30.» Read More
BOGOTA/ MADRID, July 19- BBVA, Spain's second-biggest bank, has agreed to sell its Panama unit to Colombia's largest banking conglomerate, Grupo Aval, in a deal worth $646 million. In a filing to Spain's stock market regulator, BBVA said on Saturday it would receive $490 million in cash and $140 million paid through a dividend from its Panamanian arm before the sale.
PARIS, July 18- Japanese telecoms group SoftBank Corp offered to pay $8.5 billion to acquire Universal Music but its owner, French media and entertainment conglomerate Vivendi, rejected the bid, the Financial Times reported on Thursday, citing people familiar with the proposal. Vivendi spurned the offer because it sees music as central to its strategy, it said.
The beacons, made by U.S. conglomerate Honeywell, are positioned in the upper rear part of the new, advanced jets, and send a signal that leads rescuers to downed aircraft. Britain's Air Accidents Investigation Branch is leading the investigation into a blaze that broke out on a parked Ethiopian Airlines jet at London's Heathrow airport last Friday.
The beacons, made by U.S. conglomerate Honeywell, are positioned in the upper rear part of the new, advanced jets, and send a signal that leads rescuers to downed aircraft.
MEXICO CITY, July 18- Mexican conglomerate Alfa said on Thursday its autoparts unit Nemak plans to build a new plant to supply German carmaker Volkswagen in Russia, representing a $80 million investment.
*GlaxoSmithKline investigation rocks business community. BEIJING, July 17- A Chinese bribery investigation into British drugmaker GlaxoSmithKline has sent tremors through multinational pharmaceutical firms in China, prompting at least one to review how they do business in the country.
RIO DE JANEIRO, July 15- Brazilian coal miner CCX, part of billionaire Eike Batista's EGX group, said on Monday that two of its board members had resigned, the latest high-profile departures from the conglomerate of mining, energy and logistics companies.
SAO PAULO, July 11- Four of the six board members of Brazilian shipbuilder OSX Brasil SA quit on Thursday, the latest in a wave of high-profile executive departures from billionaire Eike Batista's crumbling conglomerate of mining, energy and logistics companies.
*Honeywell, Lockheed, Rockwell Collins among bidders- sources. Industrial conglomerate Honeywell International Inc and travel technology company Amadeus IT Holding SA are weighing offers in the second round of bidding for Arinc, the sources said, adding to the roster of companies participating in the auction previously reported by Reuters.
BANGKOK, July 10- Siam Cement Pcl, Thailand's largest industrial conglomerate, plans to raise its 2013 sales growth target and boost cement capacity at home and in Southeast Asia in response to strong demand in the region.
HONG KONG, July 10- A record $6 billion Asia fund announced by U.S. private equity firm KKR& Co on Wednesday will be deployed at a time when an economic slowdown and emerging market sell-off has knocked the overall value of Asia Pacific corporations to historic lows.
BRASILIA, July 9- Brazilian billionaire Eike Batista's EBX Group said on Tuesday that its chief financial officer, Otavio Lazcano, has stepped down, the latest resignation at the once high-flying industrial conglomerate. Last week, Batista quit as chairman of MPX Energia SA, the embattled EBX Group's most promising company.
SAO PAULO/ RIO DE JANEIRO, July 4- Brazilian billionaire Eike Batista's EBX Group, a once high-flying industrial conglomerate, began breaking up on Thursday, the latest victim of a decade-long commodities boom that has come to a screeching halt.
SAO PAULO, July 1- Brazilian state-run lenders Caixa Econômica Federal and BNDES have the largest loan exposure to debt-laden Grupo EBX, Bank of America Merrill Lynch said on Monday, as markets assess risks stemming from years of hefty borrowing by billionaire Eike Batista's mining and energy conglomerate.
TPG sees potential value in Seibu's businesses, which include its Prince Hotel chain in Japan, and approached Seibu management earlier this year through an intermediary, according to the sources, who asked not to be named. TPG would only make the offer if Seibu management agreed to its involvement, they added.
NEW YORK, June 27- Blackstone Group LP and Warburg Pincus LLC are among the buyout firms through to the second round of the auction for Carlyle Group LP's aerospace communications firm Arinc Inc, several people familiar with the matter said this week.
TOKYO, June 25- Cerberus Capital Management LP failed in its push for a management shakeup at Japan's Seibu Holdings on Tuesday, prompting the U.S. private equity giant to hit out at the conglomerate for snubbing foreign investors.
*Diamonds sale pulled after 15 months. MELBOURNE, June 24- Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, a setback for its plan to sell a swag of mines and company stakes to tighten operations during a global industry downturn.
NEW DELHI/ MUMBAI, June 24- Indian tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they do banking to watching cricket.
BEIJING, June 19- Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday.