BERLIN— Chemical and oil company BASF SE says it is selling its textile chemicals business to Swiss-based Archroma for an undisclosed amount. BASF, headquartered in Ludwigshafen, Germany, said Thursday that the deal requires antitrust approval and is expected to close in next year's first quarter. The president of BASF's performance chemicals division, Hans...» Read More
FRANKFURT, Aug 13- German industrial group Siemens is renewing efforts to divest its hearing aids business in a deal that could be worth about 2 billion euros, sources familiar with the matter said.
Two investment firms said they would buy half of the portfolio companies held by JPMorgan Chase & Co's private equity business, One Equity Partners.
Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.
*Deal comes as Siemens overhauls its business. FRANKFURT, Aug 5- German engineering group Siemens plans to sell its hospital IT business to Cerner Corp, a U.S. provider of healthcare IT services, for $1.3 billion in cash, the two companies said late on Tuesday.
July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.
Seifi Ghasemi, who successfully executed a number of deals as CEO of Rockwood Holdings Inc, was appointed to the top position at Air Products last month and analysts expect him to divest some of the company's businesses.
WASHINGTON, July 17- International Business Machines Corp reported higher than expected quarterly revenue, as it continued to divest low performing sectors and shift to higher-end businesses such as big data, cloud computing, and security and mobile services.
July 16- General Electric Co is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported, citing people familiar with the matter. The business, which had revenue of more than $8 billion in 2013, may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg quoted the people as saying.
MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.
MEXICO CITY, July 8- Billionaire Carlos Slim's America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.
TORONTO, June 23- Canada's SNC-Lavalin Group Inc will buy resource-sector engineering group Kentz Corp in a 1.16 billion pound deal that SNC said on Monday will accelerate its turnaround plan, including the sale of noncore assets.
June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.
*Renesas SP Driver is chip supplier for Apple iPhone screens. TOKYO, May 28- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.
TOKYO, May 27- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.
May 20- British insurer RSA Insurance Group Plc said on Monday it had reached agreement to sell its majority-owned Canadian brokerage business- Noraxis Capital Corp- to U.S. insurance brokerage Arthur J. Gallagher& Co for C $500 million.
MADRID, May 9- Spain's Telefonica set the tone for another difficult year as it missed first-quarter earnings forecasts, hit by falling sales in Europe, weaker currencies in Latin America and the sale of its Czech unit last year.
April 29- Britain's Rolls-Royce said on Tuesday it was in talks with Germany's Siemens AG to sell a unit that makes equipment for the oil and gas industry and power-generation gear for utilities.
The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
Rahul Bajoria, Regional Economist, Barclays explains why the Indian rupee is set to hover near the 54 level over the next 12 months.
Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.