SAO PAULO, June 7- Brazilian homebuilder Gafisa SA agreed to sell a 70 percent stake of its high-end Alphaville unit to private equity firms Blackstone Real Estate Advisors LP and Patria Investimentos Ltda, Gafisa said on Friday. Under the deal, Blackstone Group LP and Patria agreed to pay 1.4 billion reais in cash for the stake.» Read More
Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.
SAN FRANCISCO, Jan 24- Cisco Systems Inc is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.
SAN FRANCISCO, Jan 23- Symantec Corp plans to slash its management ranks and reorganize into 10 business areas, but has decided not to sell off major assets after a strategic review by its new early this month.
NEW YORK, Jan 16- Goldman Sachs Group is seeking a buyer for a majority stake of its $1.4 billion reinsurance group, according to a copy of its January presentation to potential buyers that was viewed by Reuters. Goldman is trying to sell 75 percent of Goldman Sachs Reinsurance Group, now renamed Global Atlantic, for around $1 billion, according to the presentation.
Pip McCrostie, global chair of E&Y, talks about their survey on companies monetizing non-core assets as a short term tool to make cash.
*Deal will be financed by Zimplats, June deadline set. The deal, which will see the Zimplats unit lend the money needed to buy the stake, is Zimbabwe's largest local ownership transaction and a major scalp for Mugabe's controversial black economic empowerment push, the centrepiece of his campaign for re-election in polls due this year.
ZURICH, Jan 9- Nestle is working with Rothschild to divest some Latin American assets valued at more than $1 billion as it seeks regulatory approval for its acquisition of Pfizer's nutrition unit, Bloomberg reported, citing three people with knowledge of the matter.
*Barrick Gold says approach "prudent and disciplined". LONDON, Jan 8- Barrick Gold Corp has ended talks to sell a stake in majority-owned African Barrick Gold to a Chinese buyer, dashing hopes of a potential $3 billion deal for the underperforming unit.
*POSCO, China Steel, ArcelorMittal long-term iron ore pact. *ArcelorMittal battles sluggish steel demand. SEOUL/ BRUSSELS, Jan 2- ArcelorMittal, the world's biggest steelmaker, will sell a 15 percent stake in one of its Canadian iron ore operations, raising $1.1 billion to help pay off debt at a time of sluggish demand.
*POSCO, China Steel, ArcelorMittal long-term iron ore pact. SEOUL/ HONG KONG, Jan 2- ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan- listed China Steel Corp, China Steel said in a statement.
MADRID, Dec 31- Spanish utility Iberdrola is selling its French wind park unit to a consortium including General Electric for about 400 million euros in its drive to cut debt and keep an investment grade credit rating.
Cramer breaks down the positives that will result from McGraw-Hill's corporate split.