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Mergers and Acquisitions Buyins and Buyouts

  • MILAN, Sept 4- Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 percent of its capital in an initial public offering as it plans to return to the Milan stock exchange in October. ChemChina acquired the Italian group- one of Italy's best-known brands- through Marco Polo International Italy for more than 7...

  • HONG KONG, Sept 1- Chinas Legend Holdings struck a deal on Friday to buy a 90 percent stake in Banque Internationale a Luxembourg for 1.48 billion euros in the biggest takeover of a European deposit-taking bank by a Chinese firm so far. Legend, best known as owner of computer group Lenovo Group Ltd, is acquiring 161- year-old BIL from Precision Capital, an...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. #FreeportTaatIndonesiaBerdaulat, or " Freeport is obedient, Indonesia is a sovereign state". Indonesia's President Joko Widodo was the driving force behind the agreement demanding the...

  • COPENHAGEN, Aug 30- New Energy Investment, indirectly owned by investment bank Goldman Sachs, is selling a 1.78 percent stake in Danish utility and offshore wind farm developer Dong Energy. Goldman Sachs, Nordea and Danske Bank are acting as joint global bookrunners for the offering. State-controlled Dong Energy became one of the biggest IPOs of last year when a...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. The bombastic statement illustrates Indonesia's view that the dispute with Freeport over the mine was all about asserting the country's rights to its mineral resources.

  • *Sets floor price of 168 rupees/ shr. MUMBAI, Aug 28- India's government said it will sell a 5 percent stake in top power producer NTPC Ltd through a stock market auction, with a greenshoe option to sell another 5 percent in a deal that could raise up to $2.2 billion. The government aims to raise 725 billion rupees through stake sales during the year to March 2018, and has...

  • MILAN, Aug 24- The Italian government faces a paper loss of more than 30 percent on its 3.85 billion euros rescue of troubled lender Monte dei Paschi di Siena, according to grey-market trading in the bank's new shares. In July, Rome bailed it out, paying 6.49 euros per share for a controlling stake. A price of 4.14 euros would represent a paper loss of about 1.39 billion...

  • HONG KONG/ BEIJING, Aug 17- CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said. Russia has overtaken Saudi Arabia as China's biggest oil supplier, and Rosneft is by far Russia's biggest and most...

  • KHOBAR, Saudi Arabia, Aug 16- Saudi Basic Industries Corp has completed the purchase of the 50 percent that it did not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for $820 million, SABIC said on Wednesday. "Completion of this deal shows the clear momentum behind Shells global, value-driven $30 billion divestment...

  • BOGOTA, Aug 14- Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados S.A., called Compas, moves principally coal and cement through its ports in the Andean country.

  • MOSCOW, Aug 11- Russian aluminium giant Rusal said tycoon Mikhail Prokhorov has agreed to sell around a 7 percent stake to billionaire Viktor Vekselberg for $503.9 million, concluding lengthy negotiations over a sale. Once it goes through, Prokhorov's Onexim Group will retain a 6.7 percent stake in Rusal. Onexim Group declined to comment on the deal.

  • THE WALT DISNEY COMPANY TO PAY $1.58 BLN TO ACQUIRE AN ADDITIONAL 42 PERCENT STAKE IN BAMTECH.

  • Kuwait sovereign wealth fund to take 86 pct loss on Areva. PARIS, Aug 4- Kuwait Investment Authority will sell its nearly five percent stake in Areva to the French state as the nuclear group is delisted and will stay away from nuclear investments for now, sources familiar with the situation told Reuters. Following a state-funded 4.5 billion euro rescue and...

  • MADRID, Aug 3- Spain's Gas Natural said on Thursday it had agreed to sell 20 percent of its Spanish gas distribution assets to a consortium of foreign investors for 1.5 billion euros. The minority stake in the Spanish gas business was sold to Allianz Capital Partners and Canada Pension Plan Investment Board. The sale price implies an enterprise value for the...

  • MEXICO CITY, Aug 2- Mexican mogul Carlos Slim sold off a small portion of his 17 percent stake in the New York Times Co last week, capitalizing on the stock's considerable rally this year. Slim sold 521,500 shares of the stock on July 28, yielding about $10 million, according to a filing with the U.S. Securities and Exchange Commission. The cornerstone of his empire is...

  • *Leica could fetch valuation of 700 million euros- sources. Any potential buyer will have to come to terms with Austria's Kaufmann family, whose vehicle ACM owns a 55 percent stake in Leica, having brought in Blackstone as a co-investor in 2011.. "ACM has long-term goals with Leica Camera," Leica Chairman and ACM managing director Andreas Kaufmann told Reuters,...

  • SunPower stock slid to $10.07 in extended trading after closing at $11.39 on the Nasdaq. As of Tuesday's close, the stock had nearly doubled since March when it hit a 52- week low of $5.84. "The feedback from the market overwhelmingly was to buy out SunPower and First Solar, or buy out the whole company and not replace First Solar," SunPower Chief Executive Tom Werner...

  • *Dangote sells 416 mln Dangote Cement shares to foreign buyers. LAGOS, Aug 1- Nigeria's Dangote Industries Limited sold a 2.3 percent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal valued at 86.1 billion naira. A spokesman for the Nigerian Stock Exchange said 416 million shares of Dangote Cement were sold on Tuesday at 210 naira...

  • The 700- mile Rover pipeline, the biggest natural gas pipeline under construction in the United States, is designed to transport 3.25 billion cubic feet per day of domestically produced natural gas from the Marcellus and Utica Shale production areas to markets across the United States as well as Canada. The Federal Energy Regulatory Commision on May 10...

  • July 28- Emerson Collective, a U.S. nonprofit led by philanthropist and investor Laurene Powell Jobs, will buy a majority stake in The Atlantic, the U.S. publisher said. Jobs, 53, widow of Apple Inc co-founder Steve Jobs, will share ownership of the magazine with the chairman and owner of Atlantic Media, David Bradley. Bradley will own a minority stake in Atlantic...