Dec 5- Hedge fund Hayman Capital Management LP sold all its shares in J.C. Penney but still holds the ailing retailer's debt, fund manager Kyle Bass told Bloomberg TV on Thursday.» Read More
COPENHAGEN/ SHANGHAI, Dec 5- Danish brewer Carlsberg upped its stake in China's Chongqing Brewery to 60 percent, strengthening its foothold in the world's largest beer market by volume, and hopes to further increase its holding, the latter said.
DETROIT, Dec 4- General Motors Co is selling its remaining stake in its former lending arm, Ally Financial Inc, the Wall Street Journal reported on Wednesday. Once a part of GM, Ally was formerly known as GMAC. GM has been rebuilding its finance operations since selling a controlling stake in GMAC to private equity firm Cerberus Capital Management in 2006..
Dec 4- SPX Corp, which has been under pressure from its largest shareholder to boost its stock price, said it would sell its entire stake in an electrical equipment joint venture to partner Emerson Electric Co for $571 million. Ingersoll-Rand Plc has spun off its security business, while Timken Co is hiving off its steel division.
Dec 4- SPX Corp said it would sell its 44.5 percent stake in EGS Electric Group LLC to partner Emerson Electric Co for $571 million to focus on its main business of making pumps, valves and mixers to process and transport fluids.
SAO PAULO/ RIO DE JANEIRO, Dec 3- OGX Petróleo e Gas Participações SA and its creditors are close to a deal to transform some of OGX's $5.1 billion debt into stock, stripping Brazilian businessman Eike Batista of a controlling stake in the oil company, two sources with direct knowledge of the situation said on Tuesday.
BUENOS AIRES, Nov 29- Negotiations between Argentina and Repsol over compensation for the seizure of the Spanish oil major's controlling stake in energy company YPF will begin next week, the Argentine government said on Friday.
Nov 27- Royal Bank of Scotland said it sold its remaining stake of about 20 percent in WorldPay to the payment processing firm's majority shareholders, private equity firms Advent International and Bain Capital. RBS, which is majority owned by the British government, said it would record a profit of 160 million pounds on the disposal in its 2013 results.
WASHINGTON, Nov 21- The U.S. Treasury Department said it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a shortfall of about $10 billion on the automaker's 2009 bailout.
*IPO seen raising more than $1 billion. *Sberbank, Goldman likely to work on deal- sources. MOSCOW/ DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters story.
DUESSELDORF, Nov 19- Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters exclusive. Sberbank and Goldman Sachs are likely to be working with Metro on the IPO, the sources said.
Nov 18- Fairfax Financial Holdings Ltd has agreed to acquire a majority interest in privately held Keg Restaurants Ltd, which owns over 100 steak house restaurants in Canada and parts of the United States. Toronto- based Fairfax, headed by Canadian value investment guru Prem Watsa, is the largest shareholder of BlackBerry Ltd.
Nov 14- Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.
MILAN, Nov 14- Telecom Italia agreed to sell its controlling 22.7 percent stake in Telecom Argentina to Fintech Group for $960 million, as it presses on with a plan to raise 4 billion euros to fix its balance sheet and revive its business.
Nov 12- Western Refining Inc said it would buy a controlling stake in Northern Tier Energy LP for about $775 million to add refining capacity with direct access to cheap crude oil.
KUALA LUMPUR, Nov 12- Malaysia's Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.
Nov 11- Sears Canada Inc said it would sell its 50 percent stake in eight Canadian properties for about C $315 million, as the struggling department store chain continues to offload real estate in the country.
*Telecom Italia says gets $1 bln offer for T.Argentina stake. MILAN/ BUENOS AIRES, Nov 8- Telecom Italia may sell a controlling stake in Telecom Argentina to investment fund Fintech, as part of a new strategy aimed at raising 4 billion euros to avoid a credit downgrade and revive its business.
BUENOS AIRES, Nov 8- Investment fund Fintech is in talks with Telecom Italia to buy a controlling stake in Telecom Argentina, said a spokesman for Argentina's media regulator on Friday.
Nov 8- Talisman Energy Inc said it agreed to sell a part of its Montney oil field in northeast British Columbia to Progress Energy Canada Ltd for C $1.5 billion in cash. Talisman Energy has been restructuring its operations to lower costs and boost its share price. Activist investor Carl Icahn has a 6 percent stake in the Canadian oil producer.
*Etisalat to buy Vivendi's 53 pct stake in Maroc Telecom. DUBAI, Nov 5- Vivendi has agreed terms to sell its 53 percent stake in Maroc Telecom to the UAE's Etisalat for 4.2 billion euros, the latest step in the French conglomerate's drive to become more media focused.