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Capital Goods Industrial Conglomerates

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  • MEXICO CITY, July 10- Mexican construction conglomerate Elementia, part owned by billionaire Carlos Slim, soared as much as 10.5 percent on its Friday debut on the Mexican stock exchange after the shares were priced below the preliminary target range. Early on Friday, Elementia priced its initial public offering at 17 pesos per share, below the 20- 25 peso range...

  • MEXICO CITY, July 10- Mexican construction conglomerate Elementia, part-owned by billionaire Carlos Slim, has priced its initial public offering at 17 pesos per share, the company said on Friday, below the range it had originally proposed. In a preliminary prospectus last month, Elementia said it planned to offer 201 million shares at a range of between 20 and 25...

  • July 9- As United Technologies Corp nears a decision on how it will divest its Sikorsky helicopter division, the U.S. conglomerate faces challenges to its financial outlook that may limit the lift to its stock in the near term. Stock market upheaval in China and stalled sales at some of its businesses also darken the horizon. In an analyst meeting last month, it...

  • *Toshiba set for profit writedowns, may seek credit line- sources. TOKYO, July 9- An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. Toshiba has been unable to close its books for...

  • TOKYO, July 9- An independent investigation of Toshiba Corp's accounting irregularities is looking at the role played by top officials, people familiar with the matter said, a move that could force a management overhaul at the Japanese conglomerate. As the probe has widened from looking into accounting errors at Toshiba's infrastructure business to...

  • BEIJING July 8- China's state asset administrator told central government owned firms on Wednesday that they should not sell shares in their own listed companies during. The State-owned Assets Supervision and Administration Commission of the State Council also told the 112 central government-owned conglomerates it oversees to buy more shares in listed...

  • *Could still be interested in Alstom if assets become available. MUNICH, Germany, July 6- Siemens could still be interested in buying power-generation assets from French rival Alstom on the same terms it offered a year ago if General Electric's deal to buy them falls through, a senior management source said. Siemens has been criticised for paying too much for...

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • SARNICO, Italy/ SINGAPORE, June 29- When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. "The market is not that big, the market is not that fast," said Fabiomassimo Discoli, a Hong Kong- based sales manager for Ferretti, adding that the company had found...

  • BRUSSELS, June 27- General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro bid for Alstom's power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the deal, its biggest ever and a key element of its expansion into...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • June 23- A long-running battle between LG Electronics Inc and environmentalists ended on Tuesday when LG agreed to halve the height of its planned North American headquarters so it will not obstruct views of the New Jersey Palisades cliffs. The South Korean conglomerate said it would redesign the building in Englewood Cliffs, New Jersey, so that it will not...

  • *Bouygues board to meet at 1600 GMT Tuesday- source. Patrick Drahi, the billionaire backer of Altice, the majority owner of France's second-biggest telecom operator Numericable-SFR, wants to buy smaller rival Bouygues Telecom as part of a deal-making spree that has seen him buy four companies in the past 18 months. Sources earlier told Reuters his bid valued...

  • MOSCOW, June 22- Russian President Vladimir Putin has signed a decree on transferring a 25 percent plus one share stake in medium-sized oil producer Bashneft to the region of Bashkortostan, Interfax news agency said on Monday. A Moscow court transferred shares in Bashneft from Sistema- a conglomerate owned by billionaire businessman Vladimir Yetuvshenkov-...

  • PARIS, June 22- European telecoms group Altice has made an offer to buy France's Bouygues Telecom through its subsidiary Numericable-SFR, the companies said on Monday, driving up shares across the French telecoms sector. Bouygues said its board would meet on Tuesday to discuss what it called Altice's "unsolicited offer", adding that no negotiations between the...

  • *Hong Kong regulator declines to comment. HONG KONG, June 22- The two biggest shareholders in China Aircraft Leasing Group Holding Ltd said on Monday they had no plans to cut their stake in the firm after it revealed it was unable to contact its founder and chief executive, who resigned without explanation. State-backed financial conglomerate China Everbright...

  • HONG KONG, June 22- Shares of China Aircraft Leasing Group Holding Ltd rose early on Monday after falling by about a fifth in the previous session when the company said it was unable to contact its chief executive, who resigned without explanation. China Aircraft Leasing Group is partly owned by a subsidiary of state-backed financial conglomerate China...

  • Earlier in the day, Brazilian police arrested Marcelo Odebrecht, the company's chief executive officer, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras.