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Buyins and Buyouts

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  • UPDATE 2-Prada bets on men to accelerate sales growth Wednesday, 2 Apr 2014 | 2:20 PM ET

    *Prada to invest in menswear, shops, factories. HONG KONG/ MILAN, April 2- Italian luxury fashion group Prada is pinning its hopes on men's growing taste for finely-cut suits and leather bags to drive a pick up in sales growth in the coming years. "Men will be protagonists in our development," Prada retail director Guilio Bruni said.

  • TORONTO, April 2- Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C $930 million, a deal that potentially thwarts a hostile bid from rival Goldcorp Inc..

  • April 2- Apple Inc is in talks to buy Japan- based Renesas Electronics Corp's stake in a unit that designs liquid crystal display chips for iPhones for about 50 billion yen, the Nikkei reported, without identifying a source. Apple expects to complete the stake purchase by summer, the business daily reported on Tuesday.

  • March 31- Shares in Biofuel Energy Corp more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.

  • LONDON/ MILAN, March 27- Eni is close to mandating a bank to sell a stake of up to 15 percent in its giant gas field in Mozambique which could raise as much as $5 billion for the Italian oil and gas major, banking sources said. Eni sold 20 percent of its Mozambique offshore gas acreage to Chinese oil company CNPC last year in a deal worth around $4.2 billion.

  • *Ally expects IPO to be priced at $25- $28/ share. March 27- Bailed-out auto lender Ally Financial Inc said the U.S. government would sell the bulk of its stake in the company in an initial public offering that could raise up to $2.66 billion.

  • SAO PAULO, March 13- France's Carrefour SA could raise as much as 5 billion reais from the sale of a stake in its Brazilian unit, one source with direct knowledge of the situation said, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund.

  • *Genesis offer to open March 29 after bookbuild. WELLINGTON, March 13- New Zealand is seeking to raise as much as NZ $800 million through the sale of a minority stake in power company Genesis Energy Ltd, setting a low price range and offering other sweeteners to draw investors to the last of its state asset sales.

  • HONG KONG, March 12- China's largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 mln, giving it access to TV and movie content as competition in the world's biggest Internet market becomes increasingly cutthroat.

  • NEW YORK, March 10- Chobani, the Greek yogurt maker that has quickly grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • *Norway's Statoil already sold 10 pct stake to BP, SOCAR. LONDON, Feb 28- France's Total plans to sell its 10 percent stake in Azerbaijan's Shah Deniz II gas field development, making it the second energy major to reduce its exposure to a project promoted to help Europe diversify its supplies.

  • *Purchase may also signal China's goal to build a global trading firm. SINGAPORE/ HONG KONG, Feb 28- China's biggest grains trader COFCO Corp said it is buying a 51 percent stake in Dutch peer Nidera, in a deal that will give the world's most populous country direct access to South American grain and oilseed supplies.

  • RIYADH/ KHOBAR, Saudi Arabia, Feb 27- Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets, in an initial public offer that would be the kingdom's first bank IPO since 2008..

  • *Blackstone to pay 210 mln euros for 20 pct stake. MILAN, Feb 27- Italian fashion house Versace is selling a 20 percent stake to U.S. private equity firm Blackstone for 210 million euros, aiming to fund new shops and build on a recent recovery in sales before an eventual stock market listing.

  • *Line's parent Naver says no plan, no reason to sell. TOKYO/ SEOUL, Feb 25- Japan- based Line Corp denied a media report it was in talks to sell a stake to SoftBank Corp- a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs. Both Line and its South Korean parent company Naver Corp denied the report.

  • MILAN, Feb 21- Italy's Versace hopes to make a final decision on a partner to take a minority stake in the fashion house in one or two weeks, its chief executive said on Friday. Versace has been valued at 1.1 billion euros by Italy's state-backed Fondo Strategico Italiano, one of the bidders initially vying for the stake, people familiar with the situation have said.

  • WASHINGTON, Feb 21- Fannie Mae said on Friday it would soon send the U.S. The bailout terms for Fannie Mae and Freddie Mac force them to turn over their profits to the Treasury in the form of dividends on the controlling stake the government took when it bailed them out.

  • Feb 21- Noble Energy Inc has hired investment bank Lazard Ltd to help arrange the sale of its majority stake in a small oilfield that it owns with Sinopec off northeastern China, a person familiar with the situation said.

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