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Buyins and Buyouts

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  • *China seeking foreign access for its high-speed trains-sources. BEIJING, April 29- China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd, now in the process of...

  • Live Nation buys stake in Bonnaroo music festival Tuesday, 28 Apr 2015 | 9:43 AM ET

    NEW YORK— Concert promoter and ticket seller Live Nation said Tuesday that it bought a controlling stake in annual music festival Bonnaroo. The purchase will boost Live Nation's portfolio of music festivals, which attract hundreds of thousands of people paying hefty ticket prices. Live Nation did not disclose how much it paid for the stake in Bonnaroo.

  • April 27- Barrick Gold Corp reported weaker-than-expected first-quarter earnings on Monday on the back of a lower gold price and sales and announced that it has started a process to sell a stake in its Zaldivar copper mine in Chile. The Toronto- based producer also announced what it said was a "significant" new gold discovery, known as Alturas, in Chile.

  • April 27- Barrick Gold Corp reported lower first-quarter earnings on Monday on the back of lower gold prices and sales and announced that it has started a process to sell a stake in the Zaldivar copper mine in Chile.

  • Hershey says growth in China weaker than expected Thursday, 23 Apr 2015 | 7:51 AM ET

    HERSHEY, Pa.— Hershey's expansion into China hasn't been so sweet. That number excludes sales of Golden Monkey products, a Chinese food company that Hershey bought a controlling stake in late last year. Hershey said a slowdown in China's economy is keeping people from buying its goods.

  • Midwestern firm Wealth Enhancement Group as Lightyear seeks another windfall good investment in the wealth management market. Marron said Wealth Enhancement Group has strong leaders and a team-based approach that will enable it to grow quickly to the scale of a firm like Cetera. The terms of the deal were not disclosed, but Lightyear will purchase the stake...

  • April 20- A controlling stake in Cirque du Soleil, which grew from a ragtag group of street performers in Canada into a global circus and entertainment colossus, will be sold to a U.S. private equity fund and its Chinese partner, Cirque du Soleil said on Monday. `. The deal to sell the stake, the size of which was not disclosed, to a group led by Texas- based TPG Capital LP...

  • April 20- Groupon Inc said it would sell a 46 percent stake in Ticket Monster, its South Korean e-commerce business, for $360 million amid efforts to turn itself around. Shares of Groupon, which raised its current-quarter adjusted profit forecast and approved a new $300 million share repurchase program, rose 4.7 percent in early trading. Groupon will receive...

  • April 20- Groupon Inc said it would sell a 46 percent stake in Ticket Monster, its South Korean e-commerce business, to a partnership formed by KKR and Hong Kong- based Anchor Equity Partners for $360 million.

  • BRASILIA, April 17- Investment fund Coliseu has reached a preliminary agreement to sell its stake in Brazilian transmission utility Taesa to Colombia's Empresas Publicas de Medellin for 1.527 billion reais, both companies said on Friday. The other controlling shareholder is Brazilian power holding company Cia Energética de Minas Gerais SA, or Cemig, which...

  • JOHANNESBURG, April 16- South African investment house Brait SE is to pay $1 billion for a controlling stake in gym group Virgin Active, Brait said on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia. The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC...

  • The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and buyout firm CVC Capital Partners, has 267 gyms across nine countries including South Africa, home to the largest number of Virgin Active clubs, Thailand and Britain. Brait has proposed to take an 80 percent stake in Virgin Active for 682 million pounds, valuing the gym chain...

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. Gunvor, one of the world's top five oil trading houses, has been looking to cut exposure to Russia by selling assets. The company's former co-owner, Russian billionaire Gennady Timchenko, sold his stake in Gunvor last year...

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. It said in a statement the stake had been sold to a company controlled by Russian businessman Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes.

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. The stake has been sold to Mokara Enterprises Limited, owned by Russian businessman Andrei Bokarev, Gunvor said in a statement. The company's former co-owner, Russian billionaire Gennady Timchenko, sold his stake in...

  • Gunvor says sells stake in Russian coal producer Kolmar Thursday, 16 Apr 2015 | 2:42 AM ET

    MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. It said in a statement the stake had been sold to Mokara Enterprises Limited, which is owned by Russian businessman Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes.

  • CARACAS, April 14- Venezuelan state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc's minority stake in its Petrodelta joint venture, a source close to PDVSA said on Tuesday. The news pushed shares of Texas- based Harvest up around 129 percent to their highest level since December on apparent relief the financially...

  • CARACAS, April 14- Venezuela's state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc's stake in the Petrodelta joint venture, a source close to PDVSA said on Tuesday. The company has twice been poised to sell its minority stake but said the OPEC country blocked the transaction. In 2013 a deal with Indonesia's oil company...

  • DUBLIN, March 31- Canada's Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down 6 percent. Bank of Ireland shares were down 6 percent at 36.2 euro cents at 0725 GMT following the sale, which was managed by Deutsche Bank.

  • ZURICH, March 30- Switzerland's Holcim said on Monday it had sold its 27.5 percent stake in Thailand's second-largest cement company Siam City Cement, in deals worth 655 million Swiss francs. Zurich- based Holcim, which plans to merge with France's Lafarge, said 24.9 percent of Siam City Cement was acquired by an affiliate of Hong Kong- based conglomerate Jardine...