NEW YORK— Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong- based investor group. The buyers are led by Integrated Asset Management Ltd., a Hong Kong investment firm that invests in telecommunications, finance and technology companies.» Read More
*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.
FRANKFURT, Feb 20- Shares in German travel group TUI AG dropped 5 percent on Thursday following the sale of a 15.7 percent stake by its second-largest shareholder, John Fredriksen, who had been pushing for a merger with London- listed TUI Travel.
Feb 20- Private equity firm Blackstone Group LP and Singapore sovereign wealth fund GIC are in advanced talks to acquire a minority stake in Kronos Inc that could value the resources management software firm at around $4.5 billion, two people familiar with the matter said on Wednesday.
LONDON, Feb 18- South Africa's Standard Bank, now selling a controlling stake in its markets unit to China's ICBC, is emerging as a frontrunner to buy Deutsche Bank's place in the global gold price-setting process, sources familiar with the matter said. Market sources said Standard Bank, in conjunction with ICBC, is in prime position to buy the Deutsche seat.
SAO PAULO, Feb 12- Brazilian education company Abril Educação SA is in talks with private equity funds Carlyle and KKR over the sale of a minority stake in the company for up to 450 million reais, newspaper Valor Economico said on Wednesday.
MADRID, Feb 12- Iberdrola has sold a 22.6 percent stake in Brazil's Itapebi Geracao de Energia to a unit of the Spanish utility's affiliate Neoenergia for 325 million reais, it said on Wednesday.
*L'Oreal buys 8 pct stake from Nestle for 6.5 bln euros. *Nestle stake cut to 23 pct, but says in for long haul. *Deal will boost L'Oreal EPS, Nestle to do share buyback.
*Not clear whether Bidvest will raise stake further. JOHANNESBURG, Jan 31- South Africa's Bidvest said it had raised its stake in drugmaker Adcock Ingram to over 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.
MOSCOW, Jan 24- Pavel Durov, founder of Russia's biggest social network, said he sold his stake in VKontakte to an ally of tycoon Alisher Usmanov, the site's second-largest shareholder, who has long wanted to secure control.
21st Century Fox said on Thursday it would sell its 47 percent stake in Star China TV to the TV channel operator's management and private equity fund China Media Capital.
BlackBerry on Monday moved to oust CEO Thorsten Heins and jettisoned a buyout by Fairfax Financial in one fell swoop.
In an exclusive interview, CNBC's Maria Bartiromo talks with Michael Dell, Dell chairman & CEO, about his long, drawn out buyout battle to take his company private and how he plans to turnaround the PC maker. (Note: During this interview, Mr. Dell misspoke when he said the company had generated $22 billion in cash flow in the last 5 quarters. He meant to say years, according to the company.)
CNBC's Jackie DeAngelis reports a majority of Dell's shareholders voted to approve Michael Dell's plans to take the tech giant private.
CNBC's David Faber reports preliminary results show Dell shareholders are in favor of a buyout by a margin of 65% to 35%.