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Mergers and Acquisitions Buyins and Buyouts

  • TEL AVIV, Sept 24- Billionaire Shari Arison has signed a non-binding agreement to bring on board three North American financial institutions to share her controlling interest in Bank Hapoalim, Israel's biggest bank. Arison is in a preliminary agreement to sell 49 percent of Arison Holdings, through which she holds a controlling 20 percent stake in Hapoalim...

  • SAO PAULO, Sept 22- The Brazilian unit of U.S.-based commodities trader Bunge Ltd said on Friday it reached an agreement to acquire a minority stake in Agrícola Alvorada, a mid-sized grains trader located in Brazil's top soy producing state of Mato Grosso. Bunge said in a statement that the deal will strengthen its grains sourcing activities in Brazil.

  • SAO PAULO, Sept 22- The Brazilian unit of U.S.-based commodities trader Bunge Ltd said on Friday it reached an agreement to acquire a minority stake in Agrícola Alvorada, a mid-sized grains trader located in Brazil's top soy producing state of Mato Grosso. Bunge said in a statement that the deal will strengthen its grains sourcing activities in Brazil.

  • *PNG to extinguish $1 bln loan with sale of Oil Search stake. MELBOURNE/ SYDNEY, Sept 21- The cash-strapped government of Papua New Guinea, looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search Ltd, three people familiar with the transaction said on Thursday. UBS and JP Morgan will sell 31.3 million shares of Oil Search owned by the PNG...

  • The latest negotiations come after Reuters reported earlier this year that Japan's SoftBank was prepared to give up control of Sprint to clinch a merger with T-Mobile, and only retain a minority stake in the combined company. Sprint and T-Mobile, which is controlled by Germany's Deutsche Telekom AG, are still weeks away from an agreement, and have not settled on...

  • MEXICO CITY, Sept 18- Heineken shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the world's second largest brewer, worth 2.5 billion euros. LArche Green, the company through which the Heineken family exercises control of Heineken Holding, said it would buy back shares worth 200 million euros.

  • MEXICO CITY, Sept 18- Heineken Holding NV shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the Dutch brewery, worth 2.5 billion euros. Femsa holds 12.53 percent of Heineken, or roughly 72 million shares, according to Thomson Reuters data. LArche Green, the company through which the Heineken Family...

  • MEXICO CITY, Sept 18- Heineken Holding NV shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the Dutch brewery, worth 2.5 billion euros. Femsa holds 12.53 percent of Heineken, or roughly 72 million shares, according to Thomson Reuters data. Shares in Femsa at 1238 local time on Monday were up about 1.5...

  • MADRID, Sept 18- The Villar Mir family, which holds a 51 percent stake in Spanish builder OHL, is in advanced talks to sell the company to China State Construction Engineering, online newspaper El Confidencial said on Monday. Credit Agricole, Santander, HSBC and Deutsche Bank have warned Grupo Villar Mir that the company has short-term debt obligations worth some...

  • PARIS, Sept 15- Renault-Nissan pledged to double savings to 10 billion euros by 2022 partly through closer cooperation with Mitsubishi Motors but left key key questions about the carmaking alliance unresolved. Chairman Carlos Ghosn has pledged to step up the pace of integration after Nissan took a controlling stake in Mitsubishi last year.

  • PARIS, Sept 15- The Renault-Nissan alliance pledged on Friday to double savings from closer integration to 10 billion euros by 2022, thanks in part to increasing cooperation with recently acquired Mitsubishi Motors. Alliance Chairman Carlos Ghosn has pledged to step up the pace of integration after Nissan took a controlling stake in Mitsubishi last year.

  • LONDON/ LOS ANGELES, Sept 14- Nestle has bought a majority stake in Blue Bottle Coffee, stepping into the world of high-end speciality coffee bars. The move comes amid consolidation in the so-called third-wave coffee sector in the United States. California- based Blue Bottle has raised nearly $121 million in funding from high-profile investors including...

  • MUMBAI, Sept 14- Goldman Sachs will sell shares worth up to $110 million in India's Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters. Two Goldman units are offering to sell a 4.42 percent stake, or 11.8 million shares, in Max Financial in a block trade, the term sheet showed. The share sale's floor price has been set at 595 rupees, which...

  • RIYADH, Saudi Arabia— The Kingdom Holding Company, run by Saudi billionaire Prince Alwaleed bin Talal, says it will acquire from Credit Agricole a 16.2 percent stake in Banque Saudi Fransi in a deal valued at around $1.5 billion. Kingdom Holding is acquiring the stake from Credit Agricole SA's corporate and investment banking arm, positioning Alwaleed's...

  • *Glencore/ Qatar unwind consortium, to own shares directly. LONDON, Sept 12- Glencore's move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader's rivals-- and relief from its bankers. To rivals, it appears to be a clever deal by Glencore's boss Ivan Glasenberg, who had...

  • DUBAI/ ABU DHABI Sept 10- State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co, with Allianz among groups showing initial interest in buying it, sources familiar with the matter said. The council is an investment arm of the Abu Dhabi government, with holdings in several listed companies...

  • SAO PAULO, Sept 8- Brazilian investment bank Banco Classico SA is in advanced talks to buy the 20.1 percent voting stake that AGC Energia SA has in Cia Energética de Minas Gerais SA, a person with direct knowledge of the situation said on Friday. According to the person, AGC Energia could raise around 1.4 billion reais with the sale of the stake in Cemig, Brazil's No. 3...

  • ATHENS, Sept 8- Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it. Tsipras said attracting investment was a priority for his leftist-led government, which aims to reduce the jobless rate, the euro zone's highest, and make Greece financially...

  • Sept 7- Fertilizer companies Agrium Inc and Potash Corp of Saskatchewan Inc said on Thursday they were told by regulators in India and China that they need to divest Potash's offshore interests for their merger to be approved. The all-stock merger, valued at $25 billion, was announced in September last year and will bring together Potash's crop nutrient...

  • Sept 7- Fertilizer companies Agrium Inc and Potash Corp of Saskatchewan Inc said on Thursday they were notified by regulators in India and China to divest Potash's offshore interests for their merger approval. Neither companies have a physical presence in India, but supply potash to the country through Canpotex Ltd, which they own with Mosaic Co..